Mukesh Ambani at Reliance Global Investors’ Meet in Chennai: TN Has Become One of the Most Biz-Friendly States in India

Under the leadership of Thiru Stalin, Tamil Nadu has become one of the most business-friendly states in the country, said Mukesh D Ambani, Chairman and Managing Director, Reliance Industries Limited, at the Tamil Nadu Global Investors Meet – 2024 in Chennai on January 7, expressing confidence that the state government will support their forthcoming initiatives with viable policies.

“Tamil Nadu has always been a land of rich cultural and intellectual heritage. In modern times, its richness is enhanced multifold by shinning progress in industry, agriculture and services. It is also contributing to all around progress and prosperity of India,” he said. “…I have every reason to believe it will soon become a trillion dollar economy, which is the apt slogan of this summit.”

Stating that Reliance has proudly partnered in Tamil Nadu’s growth over the years, Ambani said, “We have opened nearly 1,300 retail stores across the state, investing over Rs. 25,000 crores. Jio has invested over Rs. 35,000 crores in Tamil Nadu, bringing the fruits of digital revolution to 35 million subscribers in every town and village in the state. In December, Jio completed the fastest roll out of 5G, anywhere in the world. This will enable Tamil Nadu to reap the benefits of artificial intelligence and other breakthrough fourth industrial revolution technologies, which will further accelerate its economy.”

He added: “Reliance has partnered with Canada’s Brookfield asset management and US-based Digital Reality to set up a state-of-the-art data centre, that will be opened next week. Reliance has committed to making new investments in Tamil Nadu in renewable energy and green hydrogen. We shall work closely with the state government to promote sustainable development, which is necessary to save Mother Earth from the climate crisis.”