February 10, 2023

RIL to invest ₹75,000 cr in UP in next 4 yrs: Mukesh Ambani

Reliance Industries Ltd will invest ₹75,000 crore in the next four years in UP across telecom, retail and new energy businesses, Mukesh Ambani said during his UP Investor Summit 2023 speech in Lucknow today. He said these new investments will create an additional over 1 lakh jobs in the state. “The golden period of UP is getting started,” said the tycoon.

He said Reliance’s investments in the state have generated 80,000 direct and indirect jobs so far. “Thanks to your (Prime Minister Narendra Modi’s) far-sightedness, regional imbalances are fast disappearing. Uttar Pradesh is a shining example of this. The divide between urban India and rural Bharat is also closing,” said Ambani.

Reliance will continue to work for UP, said the businessman, adding that RIL has always backed its words with action. “When I last visited the summit in 2018, Reliance was just beginning its journey in UP. I had committed to Yogiji that Reliance will be a reliable partner. True to our word, we have invested ₹50,000 crore in UP.”

Ambani said Reliance Jio will complete its rollout of 5G to cover every town and village in UP in 10 months from today. “Jio Platforms will help modernise all areas of business and industry, agriculture, the social sector, and governance.” It also plans to pilot two new innovative initiatives – Jio School and Jio AI Doctor – to bring top-class education and healthcare most affordably to villages and small towns across the state of UP.

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