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Reliance plans to invest Rs 60,000 cr in this state

Reliance plans to invest Rs 60,000 cr in this state

Mukesh Ambani,Chairman and Managing Director, RelianceIndustries Limited, on Sunday said that his company will invest 60 thousand crores, in a collaborative initiative, over the next ten years, in the state of Maharashtra.

“I am happy to announce that Reliance will establish India’s first-ever integrated industrial area for the fourth Industrial Revolution in the state of Maharashtra. Reliancewill invest with a coalition of global companies more than 60 thousand crores over the next ten years in this collaborative initiative. More than 20 global companies, including Nokia, Dell, HP, Cisco, Siemens have already agreed to co-invest with Reliance,” Ambani said in the Magnetic Maharashtra Global Investors Summit.

Also Read : Reliance Jio’s latest cashback offer on smartphones; check out details here

Further elaborating on his vision, Ambani said that the fourth Industrial Revolution will help Maharashtra and India solve difficult problems including education, healthcare, water security, and also boost agriculture.

“The fourth Industrial Revolution is a convergence of disruptive technologies in the physical, digital, and biological spheres. It is going to transform the world and our society in unimaginable ways. There is a global race to harness Artificial Intelligence (AI), robotics, blockchain, Internet of things (IoT), virtual and augmented reality technologies, life sciences, new materials and new sources of energy and other technologies of the future. India cannot afford to lag behind in this race. India has an opportunity based on its large market to be a global leader,” he added.




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