'RIL can catalyse investments of over $200 bn' Says Mukesh Ambani

MUMBAI: Oil-to-telecom giant Reliance Industries (RIL) has the capacity to catalyse investments of more than $200 billion, RIL Chairman and Managing Director Mukesh Ambani said on Thursday.

Addressing RIL's annual general meeting (AGM) here on Thursday, Ambani noted that in the last 10 years, Reliance has invested over $90 billion in creating substantial wealth for the nation and value for the shareholders.

"Reliance has the capacity to catalyse investments of over $200 billion directly and through partners. These investments will create value on an exponential scale. They will be based on our disciplined capital allocation approach, preference for pursuing asset light strategies and emphasis on superior investment grade ratings," he said.

The RIL CMD Mukesh Ambani further said that these investments would create over 10 lakh new employment opportunities, besides fostering thousands of small and medium enterprises across the country. (IANS)

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