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Reliance to invest Rs. 1 lakh cr in Gujarat

India Blooms News Service | | Jan 11, 2015, at 04:46 pm

#Reliance to invest Rs. 1 lakh cr in Gujarat # Mukesh Ambani

Gandhinagar, Jan 11 (IBNS): Reliance Industries Limited (RIL) chief Mukesh Ambani on Sunday said that his company will invest Rs 1 lakh crore in Gujarat.

He was speaking at the seventh edition of Vibrant Gujarat Summit in Gandhinagar in presence of Prime Minister Narendra Modi, which is a flagship programme of the Gujarat government.

He lauded Modi for the idea of this Summit.

"Gujarat is a place I fondly call home," said Ambani adding, "His (Modi's) digital India programme have energised India."

"We will invest over a hundred thousand crore in the next 12-18 months in Gujarat to contribute in Make in India and Digital India initiatives."

The three-day event is being held amid tight security as several world leaders are attending the event.

The inauguration ceremony in being attended by United Nations Secretary General Ban Ki-Moon, US Secretary of State John Kerry and 50 CEOs of top Indian as well as international companies.

Several ministers from Europe, Japan, Australia and Canada and over 50 CEOs of top Indian as well as international companies are also participating in the summit.

The summit is a day three-day affair and will conclude on Jan 13.

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