As per news reports at the Bengal Global Business Summit 2025, Mukesh Ambani of Reliance and Sanjiv Puri of ITC revealed plans to boost investments in West Bengal, including AI data centres and the launch of an AI Excellence Center in Kolkata.
Mukesh Ambani, Chairman of Reliance Industries, revealed at the Bengal Global Business Summit that the company is set to double its investments in West Bengal. This includes the establishment of AI data centres, with one of them set to be operational in Kolkata within nine months.
Ambani highlighted the ongoing transformation of their Kolkata data centre into a state-of-the-art AI hub, marking a significant step in their investment strategy in the region.
Sanjiv Puri, the Chairman of ITC, shared their future plans to open a Global Centre of Excellence in Artificial Intelligence (AI) in Kolkata.
This initiative is part of ITC’s commitment to leading AI innovations, underscoring the company’s strategic focus on leveraging cutting-edge technology to foster growth in the state.
West Bengal Chief Minister Mamata Banerjee, alongside top industry leaders, emphasised the state’s rising importance as an investment destination. Banerjee shared that the Bengal Global Business Summit (BGBS) is attracting attention from over 5,000 delegates, including representatives from 40 countries and 20 foreign ambassadors.
This highlights the region’s potential for economic growth, with the state’s Gross State Domestic Product (GSDP) projected to reach ₹18.79 lakh crore in the fiscal year 2024-25.
As of 11:54 AM on February 6, 2025, Reliance Industries’ share price is at ₹1,278.10, reflecting a slight decline of ₹0.10 (-0.01%) from its previous close of ₹1,278.20. The stock opened at ₹1,273.70, hitting a high of ₹1,288.00 and a low of ₹1,273.70 during the trading session.
Meanwhile, ITC’s share price stands at ₹441.70 as of 11:55 AM, marking a drop of ₹6.45 (-1.44%) from the previous close of ₹448.15. The stock opened at ₹450 and reached a high of ₹450, with the day’s low at ₹441.50.
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Published on: Feb 6, 2025, 12:11 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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