June 18, 2024 01:07 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre likely to name Speaker on June 26; Odisha, Andhra leaders in top race | Priyanka Gandhi to make poll debut with contest from from Wayanad, Rahul keeps Raebareli | Opposition slams Centre over Bengal train mishap that left 9 dead, demands govt to take responsibility | Elon Musk has not understood what the Indian EVM is: Rajeev Chandrasekhar counters Tesla CEO's claim | Result of mismanagement and negligence of Modi govt: Rahul Gandhi on Kanchanjungha train accident
RIL to invest Rs 75,000 cr in next 4 yrs in UP: Mukesh Ambani
RIL | UP
Image Credit: Video grab

RIL to invest Rs 75,000 cr in next 4 yrs in UP: Mukesh Ambani

| @indiablooms | 11 Feb 2023, 12:09 am

Lucknow: Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Friday said that his firm would make an additional investment of Rs 75,000 crore in the country's third largest state Uttar Pradesh in the next four years, which would create more than one lakh new employment opportunities.

Addressing the inaugural session of the UP Global Investors Summit in the presence of Prime Minister Narendra Modi, Ambani said Reliance will set up retail, renewable businesses and plans to invest an additional Rs 75,000 crore in UP, the new growth engine of India, which is one of the world's fastest growing economies, in the next four years, which will create more than one lakh additional employment opportunities.

He said till 2018, Reliance had invested Rs 50,000 crore in UP. In the next four years, the group has plans to invest an additional Rs 75,000 crore, which will take the total investment of the group to more than Rs 1.25 lakh crore in this state with favorable conditions for investment, he said.

The RIL Chairman said under the able guidance of Prime Minister Narendra Modi, Chief Minister Yogi Adityanath has given a new identity to UP and the state can become a trillion-dollar economy within the next five years.

He said Reliance Group will set up renewable energy capacity of 10 GW in UP.

"This will be the biggest renewable energy project in UP so far. Apart from this, his group will also invest in the field of organic gas energy in the state, which will directly benefit the farmers along with improving the environment. Our farmers are not only food providers, but now they will also become energy providers," he said.

Ambani said December this year, Jio's 5G service will be expanded to all the districts and towns of UP. He also announced two pilot projects through Jio platforms for affordable education and healthcare in villages and small towns.

He said, "Just as today India has become the center of hope for the whole world, similarly today UP has become the center of hope for the new India. Enthusiasm is visible among the people from Noida to Gorakhpur. The Ganges of development is flowing. After improving the law and order, UP has made a lot of progress in infrastructure and ease of doing, due to which today this state has become the first choice in terms of investment."

(With UNI inputs)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.