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Mukesh Ambani Pledges Large Investment in Bengal at Summit


A pledge of substantial investment in Bengal was made by industrialist Mukesh Ambani during the seventh Bengal Global Business Summit. He announced that Reliance has already invested close to Rs 45,000 crore in Bengal and plans to invest an additional Rs 20,000 crore in the next three years, emphasizing the state’s growing economy.

Mr. Ambani highlighted that Bengal’s GDP growth rate is at 11.5 per cent, significantly higher than the national average. He expressed the view that Bengal has the potential to become a $1 trillion economy in the near future, as India aims to become a $10 trillion economy by 2030.

Referring to Bengal as becoming agile and ambitious, Mr. Ambani added that the state may one day surpass other leading Asian economies. He praised Chief Minister Mamata Banerjee’s leadership, comparing her to the late Shri Atal Behari Vajpayee’s description of her as “Agni Kanya”.

Reliance Foundation is set to oversee the restoration and repair of the revered Maa Kali Temple at Kalighat in Kolkata, a project that holds personal significance for Mukesh and Nita Ambani.

The summit was also attended by other prominent business leaders, including Sanjiv Puri of ITC, Rishad Premji of WIPRO, Sanjiv Goenka of the RP Sanjiv Goenka Group, R Dinesh from TVS, Harshvardhan Neotia, Dr Devi Shetty and several others. Former India Captain Sourav Ganguly was present as an investor and was appointed as the Brand Ambassador for the state of Bengal by Mamata Banerjee at the event.

Additionally, the Chief Minister introduced new policies aimed at attracting more investment, assuring potential investors of a conducive business environment in the state. She emphasized the stability of the government and dismissed claims of violence in the state as mere political narrative.

The policies introduced by the Chief Minister include West Bengal Logistics Policy, West Bengal Internet Cable Landing Station Policy, West Bengal Export Promotion Policy, West Bengal Green Hydrogen Policy, and West Bengal New and Renewable Energy Manufacturing Promotion Policy, all of which signify the commitment to the state’s rapid growth and development.

The BJP has criticized the Chief Minister over the expenses and outcomes of the business summit, with Leader of Opposition Suvendu Adhikari referring to it as “all about signing fake MOUs, showing vague Expression of Interests & issuing Letters of Intent that end up in the dustbin.”

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