Mukesh Ambani to meet WB CM on mega-retail plan
A slew of investment proposals in West Bengal, starting from agri-retail chain to petrochemicals, are likely to be discussed when Reliance Industries chairman Mukesh Ambani meets Chief Minister Buddhadev Bhattacharjee here on Wednesday.
By PTI |
KOLKATA: A slew of investment proposals in West Bengal, starting from agri-retail chain to petrochemicals, are likely to be discussed when Reliance Industries chairman Mukesh Ambani meets Chief Minister Buddhadev Bhattacharjee here on Wednesday.
Reliance Industries had approached the West Bengal government with a substantial investment proposal as part of its nation-wide mega agricultural retail plan, which is tipped to be an answer to Wal-Mart.
The chief minister had earlier stated that Ambani would meet him to discuss plans for setting up an agriculture retail chain across the state and a SEZ.
A team of top RIL officials along with local industrialist, Harshvardhan Neotia, made a presentation to state government officials headed by Chief Secretary Amit Kiran Deb.
Mukesh Ambani's mega-retail vision, which is yet to be officially announced, envisages creating farm-to-shelf chains by setting up exclusive farms and opening a chain of hypermarkets and super-markets across the country.
The elder of the Ambani brothers is likely to announce Reliance's intention to become the anchor investor in a mega-chemical hub at Haldia and a possible buyout of the state government's stake in Haldia Petrochemicals, in which Indian Oil Corporation has also shown interest.
The Left Front government in West Bengal, which celebrates its 30 years of uninterrupted rule on Wednesday, has been going all out to woo investors to the state.
Reliance Industries had approached the West Bengal government with a substantial investment proposal as part of its nation-wide mega agricultural retail plan, which is tipped to be an answer to Wal-Mart.
The chief minister had earlier stated that Ambani would meet him to discuss plans for setting up an agriculture retail chain across the state and a SEZ.
A team of top RIL officials along with local industrialist, Harshvardhan Neotia, made a presentation to state government officials headed by Chief Secretary Amit Kiran Deb.
Mukesh Ambani's mega-retail vision, which is yet to be officially announced, envisages creating farm-to-shelf chains by setting up exclusive farms and opening a chain of hypermarkets and super-markets across the country.
The elder of the Ambani brothers is likely to announce Reliance's intention to become the anchor investor in a mega-chemical hub at Haldia and a possible buyout of the state government's stake in Haldia Petrochemicals, in which Indian Oil Corporation has also shown interest.
ADVERTISEMENT
The Left Front government in West Bengal, which celebrates its 30 years of uninterrupted rule on Wednesday, has been going all out to woo investors to the state.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
