RIL projects lift industrial investments to record high at Rs 17.9 trillion

Mukesh Ambani's 18 big-ticket chemical projects help domestic industrial investment rise by 15.4 trn in 2019

The gloomy economic and investment climate may be the norm today, but industrial investment data paints a bright picture. Asia’s second richest man, Mukesh Ambani’s 18 big-ticket chemical projects in Gujarat accelerated industrial investments to a record high in 2019. 

Reliance Industries’ one and a half dozen chemical manufacturing projects in Vadodara in December contributed to a seven-fold increase in industrial projects in the country. This is in terms of value in 2019 year-on-year, data by the department for promotion of industry and internal trade (DPIIT) showed.

Industrial projects worth Rs 17.9 trillion were shown by DPIIT in 2019 as