Uttar Pradesh Global Investors Summit 2023: Billionaire Mukesh Ambani on Friday announced his plan to invest Rs 75,000 crore over the next four years to expand the telecom network in Uttar Pradesh. This will include the deployment of 5G services, a new retail business and a new energy venture.
During the UP Investors Summit, he said that his group’s telecom arm, Jio, will introduce 5G services across the state by December 2023. Renewable energy potential and setting up bio-energy business in the state.
According to Mukesh Ambani, chairman and largest shareholder of Reliance Industries, this year’s budget has laid the foundation for India to emerge as a developed nation. He said the budget stands out for its highest ever resource allocation in terms of capital expenditure to lay the foundation for the country’s development. Ambani said that India is on a very strong growth path.
Ambani said Reliance plans to increase investment of Rs 75,000 crore over the next four years for its Jio, retail and renewable businesses in Uttar Pradesh, which will result in the creation of over 100,000 jobs in the state. On Friday, Prime Minister Narendra Modi inaugurated the Uttar Pradesh Global Investors Summit 2023 in Lucknow, which is being held from February 10 to 12. The summit, which is the main investment mobilization event organized by the Government of Uttar Pradesh, will bring together various stakeholders including policy makers, business leaders, academia and think tanks to explore new business opportunities and forge partnerships. Union Defense Minister Rajnath Singh, Uttar Pradesh Governor Anandiben Patel and Chief Minister Yogi Adityanath were also present on this occasion.
The summit will have a total of 34 sessions, with 10 sessions on day one, 13 on day two and 11 on the last day. Defense Minister Rajnath Singh, Uttar Pradesh Chief Minister Yogi Adityanath, state Industrial Development Minister Nand Gopal Gupta Nandy and prominent industrialists like Mukesh Ambani, K Chandrasekaran, Kumar Mangalam Birla and Anand Mahindra will deliver speeches at the inaugural session. On the inaugural day, there will also be a discussion on the topic “UP Designing and Manufacturing in India for the World”, which will be attended by Union Minister Ashwini Vaishnav as the special guest.
questions to ask
1. Who is the chairman of Reliance Industries Limited?
Mukesh Ambani
2. What is the total assets of Mukesh Ambani?
USD 8,310 million