In a new commitment, Reliance Industries Chairman Mukesh Ambani announced a fresh investment of ₹50,000 crore in West Bengal, marking a significant milestone at the 8th Edition of the Bengal Business Summit. Speaking at the event on Wednesday. Ambani expressed optimism that the investments would generate one lakh job opportunities in the state, spanning key sectors including digital services, green energy, and retail. Ambani also set a high target for the future, pledging to double the investment to ₹1 lakh crore by the end of the decade.
His announcement was met with applause, as he lauded the state’s rapid transformation and praised the leadership of West Bengal Chief Minister Mamata Banerjee.
“Mamata Banerjee is one of the most abled administrators in India. Her leadership has been a beacon of continuity, innovation, and compassion for nearly 14 years,” Ambani said. “Her name, ‘Mamata,’ symbolises empathy, and 'Didi' stands for tireless leadership. She is empathy and energy personified.”
Ambani acknowledged that Bengal has undergone a profound transformation over the past decade, calling it an "economic renaissance". He highlighted how the state, traditionally seen as lagging behind in business and industry when compared to others, is now catching up. “I come from the western part of India, where it is often believed that the western states lead in business and economy. But this perception is changing rapidly,” he remarked. “Bengal has always been a land of renaissance, and today, it is experiencing an economic renaissance—one defined by soaring ambitions, efficient implementation, and a visionary future.”
The Bengal Business Summit, which kicked off on February 5, had already recorded ₹80,000 crore in investment proposals by the first day, with partnerships from 22 foreign countries broadening the scope for global investments in the state.
In a passionate appeal, Ambani urged fellow industrialists to invest in West Bengal. “In today’s fast-changing world, India has emerged as a beacon of growth. Within this transformative India, Bengal is fast becoming a hub of innovation and opportunity,” he said. “It is the best time to invest in Bengal. We are on the path to leadership, driven by technology and the immense potential of our youth.”
Mukesh Ambani spoke of Reliance’s deep emotional connection to Bengal, noting that the company’s investments in the state were not only financial but driven by a profound respect for Mamata Banerjee. “Reliance has had a wonderful experience doing business in this state, and we are committed to further growth here,” he said. “I encourage other investors to join us—let’s create new and beautiful chapters in Bengal’s growth story.”
