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Reliance Industries Ltd has firmed up investment plans to the tune of ₹10,000 crore in West Bengal. A part of these proposals are already under implementation, its Chairman Mukesh Ambani said on Thursday.
Plans are also afoot to launch a ‘New Commerce’ platform (by Jio and Reliance Retail together) that will empower three crore small shopkeepers.
“We have firmed up our plan for an investment fo ₹10,000 crore. Part of it is already under implementation in West Bengal,” Ambani said at the fifth edition of the Bengal Global Business Summit, the State’s flagship investors’ meet.
Reliance Industries, he said, had made investments worth ₹4,500 crore for Jio in 2016, which at present stood at ₹28,000 crore. This, incidentally, is one tenth of the total investment the company has made so far.
According to Ambani, Reliance Retail operates 500 retail stores, 46 petro-retail outlets and 30,00,000 square feet of warehouses in the State. The warehouse and logistics operations are expected to get a boost with Reliance’s ‘New Commerce’ ventures coming into play.
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