The Hindu Business Line : Reliance to invest Rs 10,000 cr in Gujarat

The Deputy Prime Minister, Mr L.K. Advani, the Gujarat Chief Minister, Mr Narendra Modi, the Minister of Communications, Information Technology and Disinvestment, Mr Arun Shourie, and the Chairman of Reliance Industries, Mr Mukesh Ambani, during the inauguration of the `Gujarat Investors Summit 2003' in Ahmedabad on Sunday. - Kamal Narang

Ahmedabad , Sept. 28

THE Reliance Industries Ltd (RIL) Chairman, Mr Mukesh Ambani, said the Reliance group would be investing between Rs 8,000 crore and Rs 10,000 crore over the next three years in Gujarat. The group was also planning to bring gas from the east coast to generate cheap power in Gujarat, he said.

"We began from Gujarat, learnt from here and keep coming back again and again. The investments in Gujarat began in the Naroda textile plant, later moved to Hazira and then to Jamnagar. Till date, the Reliance group would have invested in excess of Rs 50,000 crore in the State and fresh investments to the tune of Rs 8,000-10,000 crore was being planned over the next three years in Gujarat. Reliance would also be bringing gas from Godavari to Karnavati," Mr Ambani said.

Mr Ambani said he was overcome with mixed feelings as his father, the late Dhirubhai Ambani, would have loved to be present at such a grand occasion in his State of origin. Reliance is a Gujarat company, and Indian company and also a global company, he said. This was how Dhirubhai had conceived it and it was how Reliance was growing, he added.

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Reliance to invest Rs 10,000 cr in Gujarat