Reliance Industries (RIL) Chairman Mukesh Ambani has announced  an investment of Rs.5,000 crore, in expanding telecom and petro-retail businesses in West Bengal.

He also stated that, the company is looking for setting up a manufacturing facility for mobile phones and set-top boxes. RIL had committed an investment of Rs.45 billion in the state, but has invested approx Rs.150 billion.

The major part of the investment has been for creating fourth-generation high-speed mobile and internet network for Jio. Furthermore, he stated, “We are committing to invest another Rs.50 billion in Jio and the entire digital eco-system, retail and retro-retail in the next few years.”

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