Mukesh Ambani Sees Bright Future for Bengal, Pledges Massive Investment

Reliance to Expand Investments and Retail Network in the State

West Bengal is undergoing a remarkable economic transformation, making it an ideal time for investment, according to Reliance Industries Chairman Mukesh Ambani. Speaking at the eighth edition of the Bengal Global Business Summit (BGBS), he praised Chief Minister Mamata Banerjee for her leadership and announced plans to double Reliance's investment in the state to Rs 1 lakh crore by 2030.

Bengal's Economic Resurgence

Ambani highlighted the state's shift towards becoming a major economic hub, stating, "Bengal has always been a land of renaissance, and today, it is witnessing a resurgence in business and industry." He emphasized the state's growing ambition, efficiency, and vast potential for investors, urging business leaders to explore opportunities in the region.

Policy Stability and Leadership

Acknowledging Mamata Banerjee’s tenure of nearly 14 years, Ambani credited her governance for ensuring policy continuity and economic progress. He commended her initiatives in education, women’s empowerment, and poverty alleviation, calling for a similar inclusive development model across India.

“Her leadership has provided Bengal with stability and a conducive environment for businesses to thrive. Under her guidance, the state welcomes investors with open arms," Ambani stated, encouraging more industries to invest in Bengal’s growth story.

Reliance’s Expanding Footprint in West Bengal

Reliance has significantly increased its presence in West Bengal, with investments growing from under Rs 2,000 crore in 2016 to over Rs 50,000 crore today. Ambani revealed plans to further expand the company’s retail sector, increasing the number of stores to 1,700 and warehousing capacity to 2.2 million square feet.

Additionally, he announced the development of a new AI-ready data center in Kolkata, set to be operational within nine months, and a cable landing station in Digha to enhance the state’s digital infrastructure. He also highlighted the extensive reach of Reliance Jio’s 5G network, covering 100% of West Bengal, particularly benefiting rural areas.

Future Investments: Solar Energy and Digital Expansion

Looking ahead, Reliance is set to invest in solar energy projects in the state, with Ambani stating, “Our vision is ‘Solar Bangla for Sonar Bangla.’” He emphasized Bengal’s strategic location, strong infrastructure, and skilled workforce as key factors driving its economic ascent.

“With a population of over 100 million talented and hardworking individuals, Bengal is poised for unprecedented growth. The integration of Artificial Intelligence with human intelligence will further accelerate this progress,” he remarked.

Conclusion: A Bright Future for Bengal

As Reliance continues to expand its investments, Ambani reinforced his belief that Bengal is on the path to becoming a leading economic powerhouse. With a strong leadership, business-friendly policies, and an increasingly digital infrastructure, the state presents immense opportunities for investors seeking sustainable growth.

“Bountiful Bengal is calling. The time to invest is now,” Ambani concluded, inviting global business leaders to be part of the state’s economic transformation.