Bengal Global Business Summit: RIL to invest Rs 5,000 crore in state; JSW Group pledges Rs 10,000 crore | business-news | Hindustan Times
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Bengal Global Business Summit: RIL to invest Rs 5,000 crore in state; JSW Group pledges Rs 10,000 crore

Bengal has received investment commitments worth Rs 17,000 crore at the start of Bengal Global Business Summit in Kolkata.

business Updated: Jan 16, 2018 18:34 IST
Reliance Industries chairman Mukesh Ambani announced Rs 5,000 crore investment in expanding telecom and petro-retail businesses in West Bengal.
Reliance Industries chairman Mukesh Ambani announced Rs 5,000 crore investment in expanding telecom and petro-retail businesses in West Bengal.(PTI File Photo)

West Bengal has received investment commitments worth Rs 17,000 crore soon after the start of the Bengal Global Business Summit (BGBS) in Kolkata on Tuesday.

Reliance Industries Ltd has committed Rs 5,000 crore for the state over few years, while the JSW Group has pledged Rs 10,000 crore over four to five years.

The Adventz Group has committed Rs 1,000 crore in a multi-modal logistics park, and Sanjiv Goenka-led CESC Ltd will pump in an equal amount on a power distribution network.

RIL chairman Mukesh Ambani announced Rs 5,000 crore investment in expanding telecom and petro-retail businesses in West Bengal.

He also said his company is exploring the possibility of setting up a manufacturing facility for mobile phones and set-top boxes.

JSW is interested in sectors like paint and speciality steel, with likely manufacturing units at Salboni in West Midnapore district. It has a cement grinding unit there.