Reliance to invest Rs 75,000 cr in UP in 4 yrs

Oil-to-telecom conglomerate Mukesh Ambani on Friday announced will roll out 5G service and will set up 10 GW of renewable capacity.

Lucknow:Speaking at Global Investor's Meet in Uttar Pradesh's Lucknow, Mukesh Ambani the 10th richest person in the world hailed the Union Budget for 2023-2024. The CMD of Reliance Industries said "Reliance Industries will invest Rs 75 thousand crore in Uttar Pradesh in the next four years. The money will be invested in Jio retail and renewable businesses in the state. This will provide employment to more than one lakh people here."

Business tycoon claimed that Uttar Pradesh would become USD 1 trillion economy within 5 years. He said, "Reliance will set up 10 GW of renewable energy capacity in Uttar Pradesh. This will be the biggest renewable energy project in Uttar Pradesh so far." While announcing his company's foray into the bio-gas energy business in UP, Ambani said, "bio-gas will not only improve the environment but will also benefit the farmers a lot."

He also announced two pilot projects Jio-School and Jio-AI-Doctor to provide affordable education and medical facilities to villages and small towns through Jio platforms. Jio will complete its roll-out of 5G to cover every town and village in Uttar Pradesh by December 2023."

Reliance retail will revolutionise hundreds of thousands of small stores across the state, which will enable them to grow and earn more. Besides physical stores, the firm also connects customers to nearby kirana stores through a mobile application and website, Ambani added.

Uttar Pradesh has become the center of hope for the new India. Together we will transform India's most populous state into one of India's most prosperous states, he added. Praising Prime Minister Narendra Modi, Ambani said, "Since you became the Prime Minister of the country, India has developed a lot. "

Prime Minister Narendra Modi inaugurated the flagship investment summit of the Government of Uttar Pradesh's Global Investors Summit 2023 in Lucknow on Friday. Industrial Development Minister Nand Gopal Nandi attending the summit here said under the leadership of CM Yogi, the state is on the path to becoming a trillion economy. I express my gratitude to each and every investor for being a part of the journey of success through resolve and prosperity through success.