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Time of India
23-05-2025
- Business
- Time of India
Ambani Pledges Rs 75,000 Cr, Adani Commits Additional Rs 50,000 Cr to Northeast at Investment Summit
Mukesh Ambani (left) and Gautam Adani (right) pldged to boost infrastructure in India's northeastern states New Delhi: At the inaugural session of Rising NorthEast Investors Summit 2025 on Friday, Reliance Industries chairperson Mukesh Ambani and Adani Group chairperson Gautam Adani announced major investment commitments totalling Rs 1.25 lakh crore aimed at boosting infrastructure and development in India's northeastern states. Ambani pledged to invest Rs 75,000 crore over the next five years, more than doubling Reliance's existing footprint in the region. Addressing the summit, Ambani outlined six focus areas: expanding Jio 5G and AI access, enhancing farmers' income, investing in solar energy, improving cancer care, and developing Olympic-level sports training facilities. The investment is expected to generate over 2.5 million direct and indirect jobs, with a focus on connectivity, healthcare, agriculture, and clean energy. 'We see the Northeast not just as a market, but as a key partner in India's development journey. Our Rs 75,000 crore investment will focus on digital connectivity, clean energy, and human development,' said Ambani in his address. Gautam Adani announced an additional Rs 50,000 crore investment over 10 years, adding to the Rs 50,000 crore commitment made earlier this year in Assam. The Adani Group's investments will target green energy (including hydro and smart meters), power transmission, road construction, logistics, digital infrastructure, and skill development. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Book Your Daily Profit By 11 AM With This Superclass By Mr. Bala TradeWise Learn More Undo Adani emphasised the importance of community engagement and local employment. 'Every initiative will prioritise local jobs, local entrepreneurship, and community engagement,' he said, describing the investment as aligned with the vision of 'Viksit Bharat 2047'. The summit, inaugurated by Prime Minister Narendra Modi , aims to position the Northeast as a key investment destination. It features ministerial and business sessions, startup exhibitions, and policy showcases. Both industrialists praised the government's focus on the Northeast, underlining their intent to be long-term partners in the region's development trajectory. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
23-05-2025
- Business
- Economic Times
RIL CMD Mukesh Ambani announces ₹75,000 Cr investment, 6 commitments for Northeast states
(ET Online) RIL CMD Mukesh Ambani announces ₹75,000 Cr investment, 6 commitments for Northeast states 06:06 Min | May 23, 2025, 1:39 PM IST At the 'Rising Northeast Investors Summit', Chairman & Managing Director of Reliance Industries Limited, Mukesh Ambani announced six major commitments at the Rising Northeast Investors Summit, including a ₹75,000 crore investment over five years. Reliance will expand Jio 5G coverage, boost AI access, scale up farm sourcing, build FMCG factories, and install 350 biogas plants. The Reliance Foundation will enhance cancer care, set up genome labs, and launch Olympic Training Centres across the eight northeastern states to drive growth, health, and sporting excellence.
