RIL to invest Rs 4000 crore in West Bengal

By Staff
|
Google Oneindia News

Kolkata, Jun 21 (UNI) Reliance Industries Limited today proposed a total investment of Rs 4000 crore in retail sector and supply of natural gas to West Bengal.

RIL Chairman Mukesh Ambani, who held a meeting with West Bengal Chief Minister Buddhadeb Bhattacharjee at the Writers' Buildings for about one hour and 45 minutes, told reporters that both projects were finalised.

'' We will set up an agro retail chain across all the districts in West Bangal, including Kolkata, with an investment between Rs 1,500 crore and Rs 2,000 crore over a period of three years. Our primary focus will be linking farmers with consumers and transforming agro- business into agro-processing, '' he said.

Mr Ambani said RIL would also supply natural gas to Haldia from the Andhra basin in the east coast with an investment of Rs 2000 crore .

The company had already signed an agreement with West Bebgal Industial Development Corporation (WBIDC) in this regard.

Describing the day as a ''historic'' one, Mr Ambani said RIL was privileged to step in to West Bengal and participate in agro-retail business and supply of gas in the state.

The Chief Minister said the agro-retail project of RIL would help the farmers as well as the consumers of the state and added that the proposed gas pipeline, originating from Andhra basin, would run through Orissa to reach Haldia.

Earlier, Mr Ambani also held a meeting with Chief Secretary Amit Kiran Deb over the proposed projects.

UNI KDG KK DB ARB VV1900

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