Reliance Group Chairman and Managing Director Mukesh Ambani on Thursday said the company’s over Rs1.8 lakh crore investments will fructify in 12-15 months.
These investments will help in creation of 1.25 lakh jobs, he said.
“We have exports of over Rs2,75,000 crore to over 140 countries and our investments of over Rs1,80,000 crore are coming into fruition in the next 12-15 months. We would be creating be over 1,25,000 jobs in India in the next 12-15 months,” Ambani said at the launch of Government’s “Make in India” programme.
He said in order to succeed in the ‘Make in India’ movement it is important to be open to capital and expertise from all over the globe.
“It is important to connect village clusters with the international markets and not only domestic markets by building the physical infrastructure and virtual infrastructure so that all our goods and services are connected to all markets,” Ambani said.
He also lauded the initiatives taken by the government on implementing the Goods and Services Tax, saying it will make India one market and strengthen the programme.
The US 66 billion RIl Group’s activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals, textiles, retail, infotel and special economic zones.
Prime Minister Narendra Modi on Thursday kicked off the “Make in India” programme that will focus on creating physical infrastructure as well as building a digital network for making India a hub for global manufacturing of goods ranging from cars to softwares, satellites to submarines and paper to power.
Ambani will be in the US to attend some of the events organised in honour of Prime Minister Narendra Modi during his 5-day visit.
He will be part of a business delegation that will be in New York and Washington during Modi’s visit.
Ambani, who missed being part of the business delegation that accompanied Modi on his visit to Japan last month due to pressing prior engagements, will attend a dinner and a reception being hosted in the honour of Indian Prime Minister in New York and Washington.
Sources said Ambani, India’s richest man, will on September 28 attend a dinner reception at The Pierre, a luxurious heritage hotel owned by Taj Hotels, hosted by the Indian Ambassador to the US, S Jaishankar.
The dinner reception would be attended by Indian Americans and Persons of Indian Origin.
On September 30, he will attend a reception hosted by US- India Business Council (USIBC) in honour of Modi at the Andrew Mellon Auditorium in Washington, DC.
RIl has huge business dealings with the US -- it sells fuel and also has three shale assets in US in whom it plans to invest a further USD 2 billion for extraction of natural gas and oil from the sedimentary rock formations.