New Delhi: Reliance Industries Limited has announced a significant initiative for the development of Northeast India. Chairman Mukesh Ambani, during the 'Rising North East Investors Summit,' declared that the company will invest ₹75,000 crore (approximately $9 billion USD) in the region over the next five years. This investment is expected to create over 2.5 million direct and indirect employment opportunities.
Investment Objectives and Key Sectors
Reliance currently has ₹30,000 crore invested in the region, which will increase to ₹75,000 crore. This capital will be allocated to various sectors including agriculture, digital networks, healthcare, retail, biogas, and sports. The strategy aims to accelerate the economic and social development of the Northeastern states.
Expanding Digital Connectivity
Mukesh Ambani stated that Reliance Jio's 5G network has reached 90% of the Northeast's population. Currently, over 5 million people are connected, and this number is expected to double by the end of the year. This enhanced digital access will benefit education, businesses, and administration.
Improving Agriculture and Benefiting Farmers
Reliance Retail will promote direct procurement from regional farmers. This will reduce the role of intermediaries and increase farmers' income, thereby empowering the rural economy.
Green Energy and Environmental Initiatives
The company is working on a plan to install 350 biogas plants in the Northeast. This will generate clean energy and create local employment opportunities, contributing to environmental protection.
Strengthening Healthcare Services
Reliance Foundation has launched a 150-bed cancer hospital in Manipur. Collaborative efforts with Mizoram University are underway to utilize genomic data for improved breast cancer care. A state-of-the-art research lab has also been established in Guwahati, representing one of the country's largest genome sequencing facilities.
Boosting Northeast's Contribution to Sports
Reliance Foundation will build Olympic training centers in all eight states, providing world-class sports training to Northeast youth and nurturing future Olympic talent for India.
Reliance Industries' investment represents a transformative step for Northeast India, signifying a b commitment to regional development. Ambani noted that under the visionary leadership of Prime Minister Narendra Modi, the Northeast is becoming a key driver of India's growth.
