Reliance to more than double North-East investments to ₹75,000 crore in 5 years: Mukesh Ambani

Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Friday said the conglomerate will more than double its investments in India’s northeast to ₹75,000 crore over the next five years. RIL has invested ₹30,000 crore in the northeast region over the past 40 years.

“In addition to creating over 2.5 million direct and indirect employment opportunities, we aspire touch the lives of our brothers and sisters in northeast,” Ambani said at the Rising North East Investors Summit at Bharat Mandapam, New Delhi.

Ambani said North East is not just rising, it is roaring. “In the near future, I can clearly see this region replicating the miracle achieved by neighbouring countries like Singapore, Malaysia and Vietnam,” he said.

“Jio has already covered 90% of the population with over 5 million 5G subscribers. We will double the number this year,” Ambani said, outlining his six commitments to the North East region.

Reliance Retail will vastly increase its procurement of staples, fruits and vegetables to boost the incomes of farmers, said Ambani. “We will also invest in factories for high-quality FMCG products in the region and promote the region's artisanal economy,” he added.

“We will greatly enhance the generation of solar power in the region. Our prime minister often speaks of converting waste to wealth. In line with this, we will convert the region’s vast wasteland by setting up 350 integrated compressed biogas plants,” said Ambani.

The RIL chairman said Reliance Foundation will bring its best cancer care facilities to the northeast. “To begin with, we have established a 150-bed comprehensive cancer hospital in Manipur. We are collaborating with Mizoram University for the care of breast cancer using genomic data. In Guwahati, we have built an advanced molecular diagnostic and research lab. It will be among the largest genome sequencing capacities in India. We will transform north East into a healthcare hub and a research powerhouse,” said Ambani.

The northeast is a treasure hub of world-class talent in multiple sports, said Ambani. “Reliance Foundation will work with all the states to set up Olympic training centres which will prepare our youth to be tomorrow’s medal winners in Olympics,” Ambani said.

Earlier this year, Mukesh Ambani revealed plans for Reliance to invest ₹50,000 crore in Assam over the next five years—one of the company’s most significant investments in the region. He shared Reliance’s roadmap for the state, emphasizing advancements in artificial intelligence, green energy, food processing, consumer products, retail growth, and luxury hospitality. As part of this vision, the company will set up an AI-enabled data centre in Assam to enhance digital infrastructure and drive innovation in education, healthcare, and farming through AI tools. Additionally, Reliance intends to develop two state-of-the-art Compressed Biogas (CBG) facilities on barren land and is evaluating nuclear energy ventures in line with the government’s updated policies. The company will also establish a large-scale food processing hub and aims to double its Reliance Retail outlets to 800 within five years. Furthermore, Ambani unveiled plans to build a luxury seven-star Oberoi hotel in the state. These initiatives, he noted, are expected to generate tens of thousands of employment opportunities and help position Assam as a growing centre for industry and technology.