(LiveMint)
Reliance Industries Ltd (RIL), India’s largest private sector enterprise, and its global partners will set up the country’s first integrated industrial area in Maharashtra with an investment of Rs60,000 crore, RIL chairman and managing director Mukesh Ambani said on Sunday.
“Reliance, along with other global companies, will invest over Rs60,000 crore in the next 10 years in Maharashtra, which will be the first integrated industrial area in the country,” Ambani said on the opening day of the Global Investors’ Summit at Magnetic Maharashtra Convergence 2018 being held in Mumbai. Ambani did not say where the integrated industrial area would be set up. The event is Maharashtra’s first global investors summit, with an objective similar to the Prime Minister’s Make In India initiative.
Prime Minister Narendra Modi, who inaugurated the Investors’ Summit, also laid the foundation stone for the Navi Mumbai International Airport where state-run City Industrial Development Corporation (Cidco) and the GVK Group are building the Navi Mumbai International Airport with an investment of Rs16,700 crore.
