Reliance to invest Rs 2,500 crore in Assam, create 80,000 jobs

Guwahati, Feb 03:The Reliance Industries chairman Mukesh Ambani on Saturday announced an investment of Rs2,500 crore in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years.

"Today I am happy to announce five commitments for Assam over the next three years. Reliance will invest an additional Rs.2,500 crore to augment its presence in this market," he said at the inaugural function of the Global Investors Summit 2018 in Guwahati.

Under this programme, the company will enhance its retail division's outlet to 40 from existing two, while the number of petrol depots will be increased to 165 from the existing 27, he added.

"We are also going to open new offices in all 145 tehsil headquarters across Assam. Our approach has always been to create sustainable livelihood opportunities and have generated 20,000 jobs in Assam," Ambani said.

Assam has always been a low priority market for other telecom operators, but it is a 'Category A' market for Reliance, he added. "We now target to increase the sustainable livelihood opportunities by five-fold to 1,00,000 jobs," Ambani said.

Ambani also praised Prime Minister Narendra Modi for his government "presenting one of the best budgets in recent times" by focusing on all segments of the society, including the farmers.