Mukesh Ambani announces Reliance’s investment plans for West Bengal.
At the inaugural session of the Bengal Global Business Summit 2025, several prominent companies, including Reliance Industries, ITC, JSW, Ambuja Neotia Group, and the RP-Sanjiv Goenka Group, pledged significant investments in West Bengal. These commitments aim to strengthen the state’s economic growth and infrastructure development. Mukesh Ambani, Chairman of Reliance Industries, emphasized the company’s plan to double its investments in the state by the end of the decade. This announcement highlights the growing confidence in West Bengal’s business environment and potential for future growth and industrial progress.
Reliance Industries to Double Investments in West Bengal by 2030, Says Mukesh Ambani
Kolkata, West Bengal – In a major boost to West Bengal’s economic prospects, Mukesh Ambani, Chairman of Reliance Industries, announced on February 5, 2025, that his conglomerate would double its investments in the state by the end of the decade. Speaking at the inaugural session of the Bengal Global Business Summit 2025, Ambani’s announcement was met with much enthusiasm, as it signals continued confidence in West Bengal’s growth potential and its role as a critical economic hub in India.
This commitment comes on the heels of a renewed focus on attracting investment and fostering industrial growth across the state, with several other major corporations also making significant promises. Alongside Reliance, top names like ITC, JSW, Ambuja Neotia Group, and RP-Sanjiv Goenka Group pledged their continued investments, creating a wave of optimism among local entrepreneurs, industrialists, and policymakers. The summit, which is seen as a platform for highlighting opportunities in the state, underscores the importance of West Bengal’s economy in India’s broader growth trajectory.
Reliance’s Expanding Footprint in West Bengal
Reliance Industries, one of India’s largest conglomerates, already has a strong presence in West Bengal, with interests spanning across petrochemicals, retail, telecommunications, and digital services. Ambani’s commitment to doubling investments further cements the company’s role in the state’s economic landscape. Reliance’s footprint in West Bengal has been integral to the state’s industrial development, particularly in sectors like energy, retail, and telecommunications.
Ambani highlighted that the company is committed to strengthening the state’s infrastructure, particularly in the telecom and digital sectors, where it has seen significant growth through its subsidiary, Jio. With digital penetration being a key driver of economic development, Ambani emphasized the role of technology in transforming the lives of Bengal’s citizens and creating new business opportunities.
“We see immense potential in West Bengal, and our commitment to the state will only grow in the coming years. By the end of this decade, Reliance will have doubled its investment in West Bengal, making it an even more significant hub for our business activities,” said Mukesh Ambani during his address.
Ambani also spoke of the state’s strategic location as an entry point to international markets, particularly with its proximity to Southeast Asia and the rest of the world. He mentioned that investments in the state’s infrastructure, including ports, roads, and logistics, will further open up avenues for trade and industry.
Other Corporations Join the Investment Drive
Reliance’s pledge was part of a broader wave of announcements at the Bengal Global Business Summit 2025, where several key industrial groups confirmed their long-term commitments to West Bengal’s economic growth.
ITC, one of India’s largest companies with interests in consumer goods, hospitality, and agribusiness, also announced plans to expand its operations in the state. The company has long been an integral part of West Bengal’s industrial landscape, and its commitment to invest further highlights the state’s growing importance in the Indian economy. ITC has already established a reputation for its involvement in local agriculture and sustainability programs, and its renewed investment signals continued confidence in West Bengal’s future.
Meanwhile, JSW, a leading player in steel manufacturing, and the Ambuja Neotia Group, known for its work in real estate, have pledged investments aimed at enhancing their operations and creating new job opportunities in the state. Both groups acknowledged the state’s favorable investment climate and the growing potential for business expansion in the region.
The RP-Sanjiv Goenka Group, which has diverse business interests including power, infrastructure, and entertainment, also made its own investment promises, with a special focus on renewable energy and urban infrastructure. Their planned investments align with the state’s push to become a leader in green energy and sustainable development.
Government’s Role in Facilitating Investment
At the summit, West Bengal Chief Minister Mamata Banerjee welcomed the announcements from Ambani and other business leaders, noting that the state’s government has been actively working to create an enabling environment for industrial growth. Banerjee spoke of the government’s efforts to improve ease of doing business, cutting red tape, and implementing pro-industry policies.
“We are committed to transforming West Bengal into a leading industrial hub. Our government’s policies are aligned with our goal to make the state an attractive destination for both domestic and foreign investors. The support of leading industrialists like Mukesh Ambani and others is a testimony to the success of our efforts,” said Banerjee in her address.
The Chief Minister also highlighted several key sectors where the state is seeing growth, including manufacturing, textiles, and technology, along with the growing importance of green industries like renewable energy and electric vehicles.
Banerjee further announced that the state would soon introduce a series of new initiatives to improve investment facilitation, including the establishment of special economic zones and the creation of incentives for businesses involved in research and development.
The Future of West Bengal’s Economy
West Bengal’s economy has long been one of the most diverse in India, with a rich industrial base and a strong agricultural sector. However, the state has faced its share of challenges in recent years, including issues with infrastructure, labor strikes, and political instability. Despite these hurdles, the state has continued to attract attention from large corporations looking for new growth avenues in India’s rapidly expanding market.
With promises from leading industrial groups like Reliance, ITC, and JSW, West Bengal is poised to see a resurgence in its industrial activities, which could lead to more employment opportunities, better infrastructure, and overall economic prosperity. The focus on digital technology and sustainability aligns with global trends and positions the state as a key player in India’s transition to a more modern and inclusive economy.
Ambani’s announcement is expected to act as a catalyst for more investments in the state. The growing confidence in West Bengal’s business ecosystem comes at a time when India as a whole is looking to enhance its global competitiveness by attracting foreign and domestic investments to sectors such as technology, manufacturing, and green industries.
Conclusion
Mukesh Ambani’s announcement to double Reliance’s investments in West Bengal by 2030 is a significant milestone for the state, signaling a renewed commitment to industrial and economic growth. With several other top corporations also pledging their support, West Bengal is set to emerge as a critical hub in India’s economic future. As the state continues to improve its business environment and infrastructure, the growing influx of investments will help create jobs, boost the local economy, and position West Bengal as one of India’s most dynamic regions in the coming decade.
With the combined efforts of the government, businesses, and local communities, the future looks bright for West Bengal, and the ambitious goals set at the Bengal Global Business Summit 2025 will likely pave the way for even more exciting developments in the years to come.