Reliance Industries Chairman Mukesh Ambani on Wednesday announced a fresh investment commitment of Rs 50,000 crore in West Bengal by the end of this decade….reports Asian Lite News
Attending Bengal Global Business Summit (BGBS), business tycoons including Mukesh Ambani and Sanjiv Puri announced ambitious plans that their companies are planning to launch in West Bengal in coming years.
Reliance Industries Chairman Mukesh Ambani on Wednesday announced a fresh investment commitment of Rs 50,000 crore in West Bengal by the end of this decade. While announcing the plan, Ambani said in 2016, the investment by company was less than Rs 2,000 crore. Since then, they have invested over Rs 50,000 crore, which the conglomerate is planning to add again in a decade.
“Jio building AI data centers. We have modified our data centre in Kolkata into AI data centre will come up in nine months,” said Mukesh Ambani. “Artificial Intelligence is indispensable for India’s transformation into a deep tech nation with advanced manufacturing capabilities. Jio is currently building the world’s best infrastructure in India…Today, Jio is not just the number one digital services provider, it is the number one data company in the world…” added Ambani.
ITC’s big AI push
Diversified conglomerate ITC Ltd on Wednesday announced the opening of its global centre of excellence for artificial intelligence near Kolkata. The centre was virtually inaugurated by West Bengal Chief Minister Mamata Banerjee, ITC Chairman Sanjiv Puri said.
The company’s global centre for AI is located in the New Town area.
Puri also said that the eastern state makes a compelling case for investments, and it has “immense potential” in the hospitality sector.
ITC has investments in hotels, manufacturing, IT and agriculture in West Bengal. “We will continue to expand our presence in the state,” he said.
JSW promises
JSW Energy on Wednesday said it has secured an order to develop a 1,600 MW greenfield thermal power project in West Bengal. The project has been awarded under a competitive bidding process invited by West Bengal State Electricity Distribution Company Ltd (WBSEDCL). The company promised to launch industrial park over 2000 acre. Park will create new opportunities.
West Bengal Chief Minister Mamata Banerjee attended a meeting with representatives from FICCI, CII, and industry leaders on Wednesday, ahead of the 8th edition of the two-day Bengal Global Business Summit (BGBS), which begins this afternoon. The two-day summit, set to take place from February 5 in Kolkata, is a key event for promoting investment in the state.
Banerjee shared on Facebook, “Our much-awaited Bengal Global Business Summit is having its preludes in the Special Meeting of the National Executive Committees of the Apex Chambers of Commerce and Industry, CII and FICCI. I joined them briefly to encourage investments in West Bengal from our national industry magnates. Bengal the destination!!.”
The chief minister on Tuesday night in a social media post had also mentioned that over 5,000 delegates, including representatives from 40 countries, have already started arriving in Kolkata.
Additionally, 20 ambassadors and high commissioners are attending to represent their respective countries, while prominent Indian business leaders are coming together, often accompanied by their chambers, CII, FICCI, and ICC, she said.
According to the Bengal Global Business Summit website, West Bengal has been among the fastest-growing states in terms of economic development, with the state’s Gross State Domestic Product (GSDP) expected to reach Rs 18.79 lakh crore in 2024-25.
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