New Delhi: The Rising Northeast Investors Summit held on Friday, Reliance Industries and the Adani Group unveiled ambitious investment plans totalling ₹1.25 trillion that could transform the Northeast region’s infrastructure, employment, and energy landscape.
Reliance to invest ₹75,000 crore over five years
Reliance Industries Chairman Mukesh Ambani announced that the company will invest ₹75,000 crore in the Northeast over the next five years. The initiative is expected to generate more than 2.5 million direct and indirect jobs, Ambani said.
“In addition to creating over 2.5 million direct and indirect employment opportunities, we aspire to touch the lives of most of our 45 million sisters and brothers in the northeast,” he said.
The investment will focus on expanding Reliance Retail’s procurement from the region and advancing solar power initiatives. Additionally, Reliance Jio plans to double its current base of over five million 5G subscribers in the region and expand artificial intelligence (AI) access across schools, hospitals, enterprises, and households.
“Jio has already covered 90 per cent of the population with over five million 5G subscribers. We will double this number this year. Jio’s priority will be to bring the revolutionary power of Artificial Intelligence to all schools, hospitals, enterprises, and homes,” Ambani said.
At the same summit, Adani Group Chairperson Gautam Adani announced an additional ₹50,000 crore investment in the region over the next decade. This is in addition to a similar ₹50,000 crore commitment made three months earlier in Assam.
“Three months ago in Assam, we pledged an investment of ₹50,000 crore. Today, once again humbled and inspired by your (PM Modi) leadership, I announce that Adani Group will invest an additional ₹50,000 crore across the Northeast for the next 10 years,” Adani said.
