A slew of investment proposals in West Bengal, starting from agri-retail chain to petrochemicals, are likely to be discussed when Mukesh Ambani meets West Bengal CM
Media Release
Jun. 21, 2006

A slew of investment proposals in West Bengal, starting from agri-retail chain to petrochemicals, are likely to be discussed when Reliance Industries Chairman Mukesh Ambani meets Chief Minister Buddhadev Bhattacharjee here today.

Reliance Industries had approached the West Bengal government with a substantial investment proposal as part of its nation-wide mega agricultural retail plan, which is tipped to be an answer to Wal-Mart.

The chief minister had earlier stated that Ambani would meet him to discuss plans for setting up an agriculture retail chain across the state and a SEZ.

A team of top RIL officials along with local industrialist, Harshvardhan Neotia, made a presentation to state government officials headed by Chief Secretary Amit Kiran Deb.

Mukesh Ambani's mega-retail vision, which is yet to be officially announced, envisages creating farm-to-shelf chains by setting up exclusive farms and opening a chain of hypermarkets and super-markets across the country.

The elder of the Ambani brothers is likely to announce Reliance's intention to become the anchor investor in a mega-chemical hub at Haldia and a possible buyout of the state government's stake in Haldia Petrochemicals, in which Indian Oil Corporation has also shown interest.

The Left Front Government in West Bengal, which celebrates its 30 years of uninterrupted rule today, has been going all out to woo investors to the state.

A slew of investment proposals in West Bengal, starting from agri-retail chain to petrochemicals, are likely to be discussed when Mukesh Ambani meets West Bengal CM
Media Release
Reliance Industries had approached the West Bengal government with a substantial investment proposal as part of its nation-wide mega agricultural retail plan, which is tipped to be an answer to Wal-Mart.
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