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Reliance Industries: To Invest INR1 Trillion in India in 4-5
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[China, Shanghai Published:2013-01-11]

 

Reliance Industries: To Invest INR1 Trillion in India in 4-5 Years

Reliance Industries Ltd. will invest about 1.0 trillion rupees ($18.12 billion) in expanding its business in India over the next four-five years, Chairman Mukesh Ambani said Thursday.

Speaking at the annual shareholders meeting of the energy-to-retail conglomerate, Mr. Ambani said Reliance is also targeting to double its operating profit over the same period.

A slowdown India is currently witnessing is temporary, he said, adding that the fundamentals of the economy are strong.

Mr. Ambani said the company plans to grow by entering into partnerships in the oil and gas sector globally.

 

 

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