Reliance committed to new investments in Tamil Nadu: Mukesh Ambani

Reliance Industries’ Mukesh Ambani on Sunday said Tamil Nadu has become one of the most business-friendly states in the country and he believed it would indeed become a trillion-dollar economy in line with the state government’s goal of reaching this milestone by 2030.

“Reliance is committed to making new investments in Tamil Nadu in renewable energy and green hydrogen,” he said in a virtual address at the inaugural session of the state’s two-day Global Investors Meet (GIM) in Chennai. “We shall work closely with the state government to promote sustainable development which is necessary to save Mother Earth from the climate crisis.”

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The chairman of the largest private-sector company in India said Reliance has partnered in Tamil Nadu’s growth over the years and was ‘confident’ the state government would support its forthcoming initiatives with viable policies.

“We have opened nearly 1,300 retail stores across the state investing over Rs 25,000 crore. Jio has invested over Rs 35,000 crore in Tamil Nadu bringing the fruits of digital revolution to 35 million subscribers in every town and village in the state.”

He added that Reliance has partnered with Canada’s Brookfield Asset Management and US-based Digital Reality to set up a state-of-the-art data center that will be open next week. However, he did not elaborate on the total investments made at the facility nor the location it is expected to come up at.

Ambani said that in December, Jio completed the fastest rollout of 5G anywhere in the world which in turn would enable Tamil Nadu to reap the benefits of artificial intelligence and other breakthrough fourth industrial revolution technologies which would further accelerate the state’s economy.

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