Mukesh Ambani promises investment in Jammu & Kashmir,

Mukesh Ambani promises investment in Jammu & Kashmir,
says Reliance will set up special team
Reliance Industries Limited chairman Mukesh Ambani on Monday announced that the group will make several announcements related to investment in the newly formed Union Territories of Jammu and Kashmir, and Ladakh in the upcoming days.
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India Today Web Desk
New Delhi
August 12, 2019UPDATED: August 12, 2019 19:51 IST

Reliance Industries Limited chairman Mukesh Ambani on Monday said the Reliance group will set up a special task force focused on making investments in Jammu and Kashmir. (Photo credit: ANI)
HIGHLIGHTS
Mukesh Ambani on Monday said that Reliance will make announcements related to investment in J&K and Ladakh
Reliance chairman also said that the group will set up a special task force focused on making investments in J&K
On August 6, the Centre revoked Article 370 of the Constitution, under which J&K had special status
Reliance Industries Limited chairman Mukesh Ambani on Monday announced that the group will make several announcements related to investment in the newly formed Union Territories of Jammu and Kashmir, and Ladakh in the upcoming days.

Mukesh Ambani also said that the Reliance group will set up a special task force focused on making investments in Jammu and Kashmir.

Mukesh Ambani was speaking at the 42nd annual general meeting (AGM) of Reliance Industries Ltd. At the meeting, he also announced details of the launch of Jio Fiber service.


ANI

@ANI
 RIL Chairman and Managing Director, Mukesh Ambani: Responding to the call of PM Narendra Modi Ji, we stand committed to the needs of the people of Jammu and Kashmir and Ladakh. You will see several announcements for the Jammu and Kashmir and Ladakh in the coming days.

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Mukesh Ambani's comments came just days after Prime Minister Narendra Modi said that removal of Article 370, which granted special rights to Jammu and Kashmir, will propel private sector investment in the newly formed Union Territory.

Delivering a special address to the nation last week, PM Modi called on Indian businesses to invest in Jammu and Kashmir. PM Modi especially asked the film, tourism, food processing and export industries to look at investing in Jammu and Kashmir.

On August 6, the Centre revoked Article 370 of the Constitution, under which Jammu and Kashmir had a special status with its own flag, laws and rights. The government also said it was separating the state of Jammu and Kashmir into two Union Territories -- Jammu & Kashmir and Ladakh.


Mukesh Ambani promises investment in J&K and Ladakh, says Reliance will create special task force
Ambani said that the company stands committed to support the people of the region in their developmental needs.
Mukesh Ambani promises investment in J&K and Ladakh, says Reliance will create special task force
A file photo of Reliance Industries Chairperson Mukesh Ambani. | AFP
Reliance Industries Chairperson Mukesh Ambani on Monday said that the Reliance group will create a special task force and will make several announcements related to the investment in the two new Union Territories of Jammu and Kashmir and Ladakh. Ambani made these comments at the 42nd annual general meeting of Reliance Industries.

“We stand committed to support the people of Jammu and Kashmir and Ladakh in all their developmental needs,” Ambani said. “Reliance will create a special task force and you will see lot of announcements on Jammu and Kashmir and Ladakh region in our developmental initiatives in the coming months.”

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On August 5, the Centre decided to revise Article 370 to a single clause revoking the state’s privileges and ordering all laws to be applicable in the region the way they are in the rest of India. The contentious article had so far ensured that the state had its own laws, flag and a Constitution. The Union government also split the state into two Union territories, which will come into existence on October 31.


In his address to the nation on August 8, Prime Minister Narendra Modi justified the withdrawal of the special status and urged businesses to come forward to develop the region, and take its products across the world. He said Ladakh has a huge potential for eco and religious tourism, and it can also be a solar power hub. “I urge companies to come forward, we need to take products of the region to the world,” Modi had said.


ANI

@ANI
 RIL Chairman and Managing Director, Mukesh Ambani: Responding to the call of PM Narendra Modi Ji, we stand committed to the needs of the people of Jammu and Kashmir and Ladakh. You will see several announcements for the Jammu and Kashmir and Ladakh in the coming days.








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