Reliance Industries to invest Rs 5,000 cr in West Bengal in petroleum, retail: Mukesh Ambani
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Reliance Industries to invest Rs 5,000 cr in West Bengal in petroleum, retail: Mukesh Ambani

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With Reliance Industries' chairman Mukesh Ambani announcing a Rs 5,000 crore investment in expanding telecom and petro-retail businesses in West Bengal, the fourth edition of 'Bengal Global Business Summit' (BGBS) opened to a glitzy start on Tuesday with several bigtime industrialists in attendance.West Bengal chief minister Mamata Banerjee wooed investors highlighting the achievements and stable political atmosphere in the state at the showpiece event held at the newly built Biswa Bangla Convention Centre with a capacity of 3,200 seats and all other facilities at the metropolis' satellite township, New Town.Addressing the summit, Ambani said his company Reliance Industries Limited (RIL) had initially committed an investment of Rs 4,000 crore in West Bengal during the second edition of BGBS, but has already invested Rs 15,000 crore."Bengal has to prosper for India and the investor-friendly atmosphere and an enabling policy infrastructure has led many industries gradually come to the state now.

Our main thrust is on the high-speed mobile and internet network platform Jio and we want a future-ready West Bengal for that. We are committing to invest another Rs 5,000 crore in the next three years in retail and retro-retail and digital ecosystem. By December 2018, the entire state will be covered by Jio. We will also work towards setting up next-generation electronics manufacturin...

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