Reliance Industries (RIL) will invest Rs 20,000 crore in West Bengal over the next three years, the company’s Chairman and Managing Director Mukesh Ambani said in Kolkata on Tuesday.

“Bengal is one of the largest investment destinations for Reliance. After I (Chief Minister Mamata Banerjee) invited me, Reliance invested nearly Rs 45,000 crore in West Bengal. “Today I am pleased to announce that we plan to invest an additional Rs 20,000 crore in West Bengal over the next three years,” Mr. Ambani said.

Participating in the 7th edition of the Global Bangladesh Business Summit (BGBS), the Reliance Industries chairman said the investments will focus on three areas: digital living solutions through Jio 5G solutions, Reliance Retail and bioenergy.

Commenting on the reach of Jio’s telecom services in West Bengal, Ambani said, “We have achieved 98.8% population coverage in the state and 100% coverage in Kolkata telecom circle.” Reliance plans to launch Jio 5G services in the country before the end of 2023. Mr. Ambani said the number of retail stores in the state will rise from 1,000 to 1,200 in the next two years and the company has brought in 5.5 lakh kiranas under the JioMart umbrella.

Reliance Industries is also planning to set up CBG (compressed biogas) plants in West Bengal to help farmers increase their income. The Chairman of the Board of Directors of Reliance Industry said that the company aims to establish 100 carbon dioxide plants during the next five years, consuming 5.5 million tons of agricultural and organic waste, thus reducing nearly 2 million tons of carbon emissions.

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