Dependence on investing 3 billion rupees in Gujarat in the next 10 years: Mukesh Ambani


India's richest person, Mukesh Ambani, pledged on Friday to invest Rs 3 trillion in various projects in Gujarat over the next 10 years, ranging from energy and petrochemicals to new technology. through digital commerce.

Ambani Reliance Industries operates the world's largest oil refining complex in Jamnagar, Gujarat, as well as petrochemical plants in several parts of the state.

"Gujarat is the Janmabhoomi (place of birth) and Karmabhoomi (workplace) of Reliance Gujarat has always been – and will always be – our first choice," he said at the 9th World Animous Summit. from Gujarat.

Reliance Industries has also invested billions of dollars in the deployment of the telecommunications company Jio.

"Up to now, we have invested nearly 3,000 billion rupees in the state of Gujarat.We have created and catalysed more than one million livelihood opportunities in the Gujarat: Relative to previous decades, Reliance will double those investments and the number of jobs over the next ten years, "he said.

Ambani said, while Jio's network is now fully ready for 5G, the telecom branch and the retail division will launch a new trading platform to connect small retailers and merchants to customers.

Jamnagar's sister refineries will produce more value-added products such as petrochemicals and less fuel as the world turns to electric vehicles.

However, he did not say when Jio, which started operations in 2016, will launch 5G services.

"Today, Gujarat is the showcase for Jio's 4G wireless broadband network … And Jio's network is fully ready for 5G, which means Gujarat will remain at the forefront of digital connectivity." for the years to come, "he said.

Without delay, Jio and Reliance Retail, which has more than 9,000 stores across the country, will launch "a new unique trading platform to empower and enrich our 12 small retailers and lakh traders in Gujarat, which are part of from the community of over 3 crore in India. "

Ambani had already talked about leveraging the Jio network to launch some kind of e-commerce business.

"As the world turns to electric vehicles, Reliance will use fewer hydrocarbons for fuel fabrication, but more for the production of new high-value materials with many uses in society." , did he declare. .

In addition, the Reliance Foundation will invest 150 billion rupees to strengthen Pandit Deendayal University in Gujarat and make it an institution of international renown, he said.

.