Reliance Ind To Invest Rs 10,000 Crore In Bengal For Jio Expansion

Reliance Industries has lined up over Rs 10,000 crore of fresh investments in Bengal for expanding telecom arm, Jio’s 4G operations, Chairman, Mukesh Ambani, said today. Work has already begun on the investments so lined-up, he said.

“RIL has already invested Rs 28,000 crore in West Bengal, which is one-tenth of the company’s total investments across India, and (telecom arm) Jio will invest a further Rs 10,000 crore-plus to make the state land of digital revolution,” Ambani said at the fifth Bengal Global Business Summit in Kolkata.

With this, Jio would be the “single largest” investor in the digital space in the state, he said.―The Hindu Business Line