Anil Ambani Upbeat on West Bengal

Mumbai, Andhra Pradesh India (PressExposure) June 17, 2011 -- Reliance ADAG Group chairman Anil Ambani is upbeat about the new political stirrings in West Bengal and left the possibility of investing in the state open. "I've come to Kolkata after years and I see lots of changes... lets see," he told ET with a beaming smile, when asked if he would invest in a greenfield venture in West Bengal.

Dressed in a creamy white churidar kurta, Ambani was in town with wife Tina on a whistle stop tour to attend chief lieutenant and R-ADAG group vice chairman Amitabh Jhunjhunwala's son Abhinav's engagement ceremony on Sunday.

Asked if he would call on West Bengal chief minister Mamata Banerjee later in the day to submit a business proposal, Ambani said: "I'm afraid, no further questions today, I will not talk in the future tense... I am here to attend a private function today." Reliance ADAG executives ruled out a possible meeting between Ambani and Banerjee on Sunday. Though speculation was rife that he was likely to call on the West Bengal finance minister, Amit Mitra clarified later in the evening that there was no such meeting.

Be that as it may, Ambani's visit to Kolkata coincides with state industry minister Partha Chatterjee's announcement that R-ADAG group chairman is keen to invest in West Bengal. It also comes at a time when the state government is about to reopen all cases where prime land has not been used by top business houses years after allotment. A case in point is a prime 6-acre plot that was alloted to RCom for a state-of-the-art BPO venture in the city's Salt Lake IT hub. The land remains idle and the project hasn't seen the light of day eight years after the erstwhile Buddhadeb Bhattacherjee government had cleared the allotment. RCom had said the project would generate some 2,000 ITeS jobs in Kolkata.

About Rcom

Reliance - ADA Group's flagship company, Reliance Communications, is India's largest private sector information and communications company, with over 100 million subscribers. It has established a pan-India, high-capacity, integrated (wireless and wireline), convergent (voice, data and video) digital network, to offer services spanning the entire infocomm value chain.

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Press Release Submitted On: June 17, 2011 at 3:12 am
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