Reliance Industries to invest ₹50,000cr in Assam by 2030
What's the story
Reliance Industries Chairperson Mukesh Ambani has promised to invest over ₹50,000 crore in Assam in the next five years.
He made the announcement at the Advantage Assam 2.0 summit in Guwahati today.
Ambani sees a future where the state, which is currently seen as India's 'tea paradise,' will be known as a technology hub.
Future prospects
Ambani's vision: Assam as a land of growth opportunities
Ambani said he believes Assam will soon be seen across the world as a land full of growth opportunities.
As part of this vision, he announced Reliance's plans to set up an AI-ready data center in the state.
He added that AI will soon be synonymous with "Assam Intelligence," emphasizing the state's potential in technology advancement.
Retail expansion
Reliance to double its retail presence in Assam
Along with technology, Ambani also announced plans for retail expansion in Assam.
He said Reliance's retail outlets in the state will go up from 500 to 800 in five years.
This comes as part of the company's larger strategy to expand its footprint and contribute to the state's economic growth.
Clean energy
RIL's plan to establish clean biogas hubs
Ambani also revealed plans for Reliance to build two world-class hubs for clean biogas in Assam.
The move is in line with the company's commitment toward sustainable development and clean energy.
It also complements Ambani's vision of making Assam a major supplier of food and non-food consumer products in the national and international markets.
Investment distribution
Investment to be distributed across 5 sectors
The ₹50,000 crore investment promised by Ambani will be spread across five different sectors in Assam in the next five years.
This strategic distribution will ensure that the investment makes maximum impact on the state's economy and development.
It also fits Ambani's vision of utilizing Assam's tech-savvy youth for future growth.