Reliance to double its investment in Northeast in 5 years to Rs 75,000 crore: Mukesh Ambani

Mumbai: Reliance Industries Chairman Mukesh Ambani unveiled major investment plans for India’s Northeast region on Friday during the Rising Northeast Investors Summit. Among six commitments, Ambani announced that RIL will invest Rs. 75,000 crore during the next five years in the region.

Ambani began by praising the success of Operation Sindoor, commending Prime Minister Narendra Modi’s leadership and the bravery of India’s armed forces. “Let me begin by saluting our beloved Prime Minister, Shri Narendra Modi ji, for the resounding success of Operation Sindoor. This success is a shining testament to his steely resolve — and to the unmatched bravery of our armed forces,” he said.

Ambani also stated that, “In the near future, I can clearly see this region replicating the miracle achieved by neighboring countries like Singapore, Malaysia, and Vietnam.”

The RIL CMD made six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. In his first commitment he said, “Reliance has invested around Rs 30,000 crore in the region in the past 40 years. In the next five years, we will more than double our investments, with our target at Rs 75,000 crore. In addition to creating over 2.5 million direct and indirect employment opportunities, we aspire to touch the lives of most of our 45 million sisters and brothers in North-East.”

He outlined a comprehensive vision including expanding Jio’s network coverage, increasing Reliance Retail’s local procurement, setting up new manufacturing units, and significantly boosting solar power production.

“Jio has already covered 90% of the population with over 5 million 5G subscribers. We will double this number this year. Jio’s priority will be to bring the revolutionary power of Artificial Intelligence to all schools, hospitals, enterprises and homes. When talent meets technology and competence meets connectivity, our North-East will surge ahead.” he said.

Ambani further said, “We will greatly enhance generation of solar power in the region. Our Prime Minister often speaks of converting waste to wealth. In line with this, we will convert the region’s vast Wasteland into Wealth-Land, by setting up 350 integrated Compressed Biogas plants.”

Ambani also emphasized Reliance’s role in healthcare development, noting the recent establishment of a 150-bed cancer hospital in Manipur.

“Reliance Foundation will bring the best of cancer care to the North-East. To begin with, we have established a 150-bed comprehensive cancer hospital in Manipur. We are collaborating with Mizoram University on care of breast cancer using genomic data. In Guwahati, we have built an Advanced Molecular Diagnostics and Research Lab. It will be among the largest Genome Sequencing Capacities in India. We will help transform the North-East into a healthcare hub and a research powerhouse.” said Ambani.

Additionally, he announced plans to create Olympic training centers across the Northeast to nurture regional sports talent, aiming to further elevate the area’s growth and infrastructure. DeshGujarat