Reliance Industries, helmed by Chairman and Managing Director Mukesh D Ambani, has reaffirmed its commitment to bolstering Tamil Nadu’s economic landscape with new investments. In a virtual address during the inaugural function of the Global Investors Meet 2024, Ambani outlined the conglomerate’s plans to venture into the renewable energy sector while inaugurating a cutting-edge data center in collaboration with international partners.
Ambani expressed pride in Reliance’s longstanding partnership in Tamil Nadu’s growth, citing substantial investments across various sectors. The conglomerate has established nearly 1,300 retail stores, injecting over Rs 25,000 crore into the state’s economy. Additionally, Jio, a Reliance subsidiary, has invested over Rs 35,000 crore, extending the digital revolution’s benefits to 35 million subscribers in every corner of Tamil Nadu.
The Reliance Chairman highlighted Jio’s achievement in December 2023—the fastest rollout of 5G anywhere in the world. He emphasized that this technological leap would empower Tamil Nadu to harness the potential of artificial intelligence and other fourth industrial revolution breakthroughs, propelling its economy forward.
While expressing regrets for being unable to attend the summit in person, Ambani praised Tamil Nadu’s rich cultural heritage and acknowledged its remarkable progress in industry, agriculture, and services. He commended Chief Minister M K Stalin for fostering a business-friendly environment, envisioning the state’s trajectory towards becoming a trillion-dollar economy.
Ambani announced the impending inauguration of a state-of-the-art data center, a collaborative effort with Canada’s Brookfield Asset Management and US-based Digital Reality. While the specific details of the total investments and the facility’s location remain undisclosed, Ambani expressed confidence in its potential impact.
In a forward-looking commitment to sustainability, Ambani revealed Reliance’s plans for new investments in Tamil Nadu, focusing on renewable energy and green hydrogen. He expressed optimism about collaborating with the state government to promote sustainable development, emphasizing the crucial role such initiatives play in addressing the climate crisis.
