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Thursday, June 22, 2006

To invest Rs 1500-2000 cr in agro retail in WB: RIL

Reliance Industries will be investing Rs 1,500-2,000 crore in agro retail space spread over a 3 years time in West Bengal. It would set up retail chain across the state. The company also plans to invest Rs 1,500-2,000 crore for gas pipeline from KG Basin To Haldia.
RIL would be working with the West Bengal government to transform the agro-retail sector in that state. Stressing that the state's agro sector is one of the most competitive, Mukesh Ambani said the group will look forward to the guidance from the West Bengal government to link and bring prosperity to the farmer in West Bengal and link him to consumers all over India and link them to the consumers on the global space.
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