Adani Group, Reliance Industries, and Vedanta plan to invest an additional ₹30,000-50,000 crore each in northeast India, the conglomerates announced at the Rising Northeast Investors Summit on Friday.
Reliance's investments across the region span retail, healthcare, and telecom services, while the Adani Group has invested in infrastructure, logistics networks, energy projects, and digital connectivity solutions.
Speaking at the event, Mukesh Ambani, chairman and managing director, said Reliance Industries has committed to investing ₹45,000 crore more in the Northeast. "Reliance has invested around ₹30,000 crore in the region in the past 40 years," he said, adding, "In the next five years, we will more than double our investments, with our target at ₹75,000 crore".
RIL's investments will cover telecom, retail, renewable energy, biofuel, healthcare, and sports infrastructure across all eight Northeastern states.
Reliance Jio plans to double its 5G user base in the region this year, and deploy AI-based tools in schools, hospitals, businesses, and homes. On the retail front, Reliance will increase sourcing of agricultural produce and set up local FMCG manufacturing units.
On the other hand, Gautam Adani-led Adani Group pledged a ₹1 lakh crore investment commitment for Assam and the broader Northeast region over the next decade. Adani said the group's investment will focus on green energy, power transmission, roads, digital infrastructure, logistics, and human capital development.
The commitment doubles the ₹50,000 crore investment announced by the Adani Group just three months ago at the Advantage Assam 2.0 summit.
Natural resources major Vedanta announced a ₹80,000 crore investment in the region, including ₹50,000 crore in Assam that it had announced earlier this year. These investments will be made in oil & gas, critical minerals, refining facilities, power, optical fibre, system integration, renewable energy, transmission sectors and data centres in six northeastern states.
The investment is expected to generate 100,000 jobs.
Reliance's investments across the region span retail, healthcare, and telecom services, while the Adani Group has invested in infrastructure, logistics networks, energy projects, and digital connectivity solutions.
Speaking at the event, Mukesh Ambani, chairman and managing director, said Reliance Industries has committed to investing ₹45,000 crore more in the Northeast. "Reliance has invested around ₹30,000 crore in the region in the past 40 years," he said, adding, "In the next five years, we will more than double our investments, with our target at ₹75,000 crore".
Reliance Jio plans to double its 5G user base in the region this year, and deploy AI-based tools in schools, hospitals, businesses, and homes. On the retail front, Reliance will increase sourcing of agricultural produce and set up local FMCG manufacturing units.
On the other hand, Gautam Adani-led Adani Group pledged a ₹1 lakh crore investment commitment for Assam and the broader Northeast region over the next decade. Adani said the group's investment will focus on green energy, power transmission, roads, digital infrastructure, logistics, and human capital development.
The commitment doubles the ₹50,000 crore investment announced by the Adani Group just three months ago at the Advantage Assam 2.0 summit.
Natural resources major Vedanta announced a ₹80,000 crore investment in the region, including ₹50,000 crore in Assam that it had announced earlier this year. These investments will be made in oil & gas, critical minerals, refining facilities, power, optical fibre, system integration, renewable energy, transmission sectors and data centres in six northeastern states.
The investment is expected to generate 100,000 jobs.
