On Sunday, Mukesh Ambani, the Chairman of Reliance Industries, declared a huge investment plan for Gujarat worth ₹7 lakh crore for the next five years, which will be equal to the group’s total investment in the state since 2021. He made this announcement at the conference of the Vibrant Gujarat for the Kutch and Saurashtra regions.

The summit, which was by Prime Minister Narendra Modi along with Gujarat Chief Minister Bhupendra Patel and other officials, was addressed by Ambani who presented five major commitments in line with India’s clean energy and digital growth ambitions.

According to Ambani, Reliance has invested more than ₹3.5 lakh crore in Gujarat in the last five years and will now do it again by 2031. A major focus of the new investment will be building India’s largest AI-ready data centre in Jamnagar, aimed at delivering affordable and accessible artificial intelligence services to citizens across the country.

He also announced that Jio will launch a “people-first intelligence platform,” developed in India, that will allow users to access AI services in their own languages on their personal devices, starting from Gujarat.

On the clean energy front, Ambani said Reliance’s green energy ecosystem in Jamnagar will be expanded to make the city India’s largest exporter of green energy and materials. He further shared plans to transform Kutch into a global hub for clean energy.

During the report on the social initiatives of the Reliance Foundation, Ambani declared that the group is going to help the Prime Minister’s vision of 2036 Olympic Games in Ahmedabad. The foundation would be engaged in the maintenance of the Veer Savarkar Multisports Complex and would also be a part of athlete training for the future international tournaments.

Ambani continued with the topic of global uncertainties and mentioned that although geopolitical issues are causing disruption in the world India is still able to stand firm. He called the present time “defining decades” for India and went on to say that under Prime Minister’s Modi’s guidance the world is not merely preparing for the future but is actively molding it.

The Gujarat Regional Conference will reportedly lead to the signing of over 1,500 MoUs, attracting more than 110 international buyers from 16 countries.Over 1,800 business meetings are scheduled as part of the event, which features a large exhibition with participation from major Indian and global corporations.