Our firms have not only increased economic growth by allowing other sectors of the economy to expand, but they have also increased jobs. Reliance will essentially continue to work for UP, jee jaan se (with mind and heart).And we always back our words with action,u201d said Ambani claiming that the new investments will create an additional over 1 lakh jobs in the state.
He claims that RIL has contributed over 80,000 direct and indirect jobs to the state and invested 50,000 crore there to date. According to him, the company’s telecom division, Jio, is striving to finish installing 5G in every town and hamlet in Uttar Pradesh by the end of December 2023.
Video Courtesy: Mint
In order to provide healthcare and education in small towns and villages around the state on an economical basis, RIL also aims to test two new programmes, Jio School and Jio AI Doctor. The highest renewable energy capacity in UP, 10 GW, will be installed as part of his plans, which also include the launch of an ambitious new bio-energy company.
The gap between rural and urban India is also narrowing. Unprecedented optimism and hope are present among the populace. The fundamentals of (the) Indian economy are beyond dispute. They are robust,u201d said Ambani at the summit which was also attended by Prime Minister Narendra Modi, along with UPu2019s chief minister Yogi Adityanath and the governor Anandiben Patel.
Reliance Retail also plans to significantly boost the amount of agricultural and non-agricultural items it sources from the state. According to the chairman of RIL, this will help kisans (farmers), regional craftspeople, MSMEs, and the supply-chain ecosystem in UP. Ambani also asserted that India is about to enter a golden age known as Amritkaal. The budget for this year has in fact set the stage for India to become a developed country. In terms of capital expenditure, it stands out for having the highest-ever resource allocation for laying the groundwork for a nation’s growth, he said.
Nirmala Sitharaman, the finance minister, announced on February 1 that the government will boost its capital outlay by 33% to 10 lakh crore in FY24, that’s 3.3% of GDP.
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