Reliance Ind To Invest ₹3,000 Cr More In Odisha Mostly Towards Expanding Jio Network

Reliance Industries will invest an additional ₹3000 crore through its “new businesses” in Odisha over the next three years, the company’s Chairman and Managing Director Mukesh Ambani said on Monday.

The conglomerate has already invested  ₹6,000 crore in the State.

“Today, Reliance has emerged as one of the largest investors in the State in the last few years. And, today, I am committing to invest an additional Rs 3,000 crore in our new businesses in Odisha,” he said at the Make in Odisha Conclave 2018 organised in Bhubaneswar.

According to Ambani, most of Reliance’s investments have gone into creating the Jio network.

“For Reliance, Jio is not just another business. It is a mission to transform India to transform Odisha. We have created sustained new employment opportunities both direct and indirect to over 30,000 people in the state,” he said.

Since Reliance Jio commenced operations a little over two years ago, India has moved from 155th rank in mobile broadband penetration to being the number one nation in mobile data consumption in the world, the industry captain said adding that the group is taking another step to propel Odisha further into the digital future.

“With JioGigaFiber, we have now begun an ambitious push in fixed broadband through fiber-to-the-home. Our aim and resolve is to ensure that India rises from the present 135th rank to be amongst the top three nations in fixed broadband within the next three years,” he said. – The Hindu Business Line