RIL to Invest in Petroleum & Retail Business in WB

Mukesh Ambani Chairman of Reliance Industries Limited (RIL) said that his company would invest in petroleum and retail business to the tune of INR5000 crore in West Bengal as reported by PTI.

The investment will also be made to promote the electronics industry in the state. Ambani announced about the investment plans in West Bengal at the ongoing two-day Bengal Global Business Summit.

The investment will be made over a period of next three years. The ongoing business summit has attendees from major business houses like Sanjiv Goenka, Uday Kotak, L N Mittal, Kishor Biyani, Sajjan Jindal.

Delegates from foreign countries like Japan, Poland, China, Germany, South Korea, France, Czech Republic, UK are also attending the summit.