Adani Group, Mukesh Ambani's Reliance Industries to invest Rs 50,000 cr each in Assam
Adani and Reliance Industries have each committed to investing Rs 50,000 crore in Assam at the Advantage Assam 2.0 Summit. Mukesh Ambani announced plans for an AI-ready Data Center, among other projects. Adani Group’s investments will span various...

The Chairman of Reliance Industries Limited Mukesh Ambani while addressing the summit said, “AI will not only mean Artificial Intelligence but will also mean Assam Intelligence. In the previous Summit in 2018, Reliance had committed an investment of Rs 5,000 crores in Assam. Since then, our investment in the state has exceeded Rs 12,000 crore. In the coming years, Reliance will more than quadruple this investment in Assam to over Rs 50,000 crore over the next five years in the following five priority areas."
"Our first priority is to make Assam Tech-Ready and AI-Ready. For us, Assam’s digital transformation is a noble and patriotic mission. Reliance will establish an AI-ready Data Center in Assam, which will benefit… Students with AI assisted Teachers. Patients with AI assisted DOCTORS. Agriculture will benefit from AI assisted FARMERS. And AI will help Assam’s youth to learn from home and earn from home. We will make Assam a hub of clean and green energy. This will include Nuclear Energy, in line with the Government’s new policy to invite private participation in the nuclear industry," Ambani added.
He further said, "Reliance will build two world-class hubs of Compressed Biogas (CBG) over wastelands in Assam. This will produce 8 lakh tonnes of clean biogas annually, enough to fuel 2 lakh passenger cars every day. We will help Assam become a major supplier of food and non-food consumer products to national and international markets. We will set up a Mega Food Park, which will add value to the abundant agricultural and horticultural produce of Assam. We will double the number of Reliance Retail stores in the state from existing 400 to 800 stores in the next five years. Our fifth priority is to boost the high-end hotel and hospitality economy in Assam. Reliance will build a luxurious, seven-star Oberoi hotel in the heart of Assam. These five mega initiatives will also create tens of thousands of direct and in-direct employment opportunities for the youth in Assam."
Adani Group Chairman Gautam Adani said, “it is with great pride that I announce today the Adani Group’s commitment to invest Rs 50,000 crore in Assam. Our investments will span across airports, atrocities, city gas distribution, transmission, cement, and road projects”.
Tata group will invest close to Rs 27,000 Crore in Assam. He added, “ Tata Electronics is partnering with skilling industries to empower youths in the State.
Sajjan Jindal, Chairman and MD, JSW Group said that the group is looking forward to investing in the renewable energy sector in Assam.
Anil Kumar Chalamalasetty, Managing director of Greenko Group announced that the company will invest in two units in Assam with an investment of Rs 10,000 Crore. Already the company is working with Assam based Numaligarh Refinery Limited.
Vedanta Group chairman Agarwal who is in Guwahati told ET, "we have three sites in Assam and Tripura. The investment will provide for the establishment of world-class Oil & Gas E&P facilities in Assam.”
He said, “Assam is abundant in natural resources and has the potential to become the world's Mega basin. We are poised to play a pivotal role in Assam’s sustainable growth and development. With an investment exceeding Rs 50,000 crore, we will produce 100,000 barrels of oil and gas per day from Assam – making it a dominant hydrocarbon hub, while creating direct & indirect employment opportunities for 1 lakh youth.”
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.