The facility, to be set up at Rambilli along the East Coast near Vizag, would also lead to creation of a multi-tier array of defence ancillaries with further investments of Rs 5,000-10,000 crore and thousands of skilled jobs, he said.
Speaking here at the Andhra Partnership Summit after his group signed an MoU with Andhra Pradesh government for the facility, Ambani said it would complement Reliance Group's existing facility at Pipavav in Gujarat and will have a clear focus on building strategic assets for the Indian Navy.
"At an initial investment outlay of Rs 5,000 crore, it will represent the single-largest investment at one location anywhere in Andhra Pradesh," Ambani said.
The diversified group's chairman further said Reliance Group has had a strong business engagement with Andhra Pradesh and it has already invested Rs 15,000 crore and created thousands of jobs in the state across a range of sectors from telecom to power.
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The billionaire industrialist said one of the most important part of India's policy of a "credible minimum deterrence" is SSBN or a nuclear submarine and the proposed Vizag facility "will play in critical role in complementing this mission and bringing it to fruition".
Besides, it will also further Prime Minister Narendra Modi's Make in India mission in the defence sector, he said.
He said India can become a regional superpower only if its maritime capabilities are strengthened through vigorous build up of our surface and sub-surface fleet.
"The US today has 10 aircraft-carrier groups operating around the world to project its power and protect its interests and was on course to add another three, while India had barely one.
"Similarly, while the US has 72 submarines and China 69, India has a small fleet of 17 submarines. It is the same story in other key areas of naval preparedness. The Indian Navy has today just one nuclear submarine on lease as compared to China's dozen. Further, nearly 90 per cent of the conventional fleet in the Indian Navy is over 20 years old and due for urgent upgrade and refitment.
"Jio will connect all colleges and schools in Gujarat, so that all future generation students have access to information in the coming years. And Jio will connect all hospitals and medical facilities to create next generation health and medical infrastructure," Ambani added.
Reliance Foundation has committed Rs 150 crore to the Pandit Deen Dayal Upadhyaya Petroleum University in Gujarat to make it one of the top institutes in India.
Gujarat has also attracted the highest FDI among all states and is the number one state in India in ease of doing business in 2015, he added.
Reliance is investing USD 16 billion in expanding petrochemical production.
The firm wants to eliminate its petcoke production of 6.5 million tonnes a year.