"Reliance Industries will complete investment of Rs 1.25 lakh crore in refinery and petrochemical expansion projects in Gujarat by March, exceeding commitments made by Rs 10,000 crore," Ambani said while speaking at the eighth edition of Vibrant Gujarat Global Summit in Gandhinagar. 

 

"Our global scale of investment is an expression of our commitment and faith in the Gujarat story. Our cumulative investment in the state of Gujarat is over Rs 2,40,000 crore, the biggest investment made by Indian corporate in a single state," he said. 

 

Ambani described Prime Minister Narendra Modi as "a great transformative leader" who first transformed Gujarat and is now transforming India with a series of historic and visionary initiatives. "No leader in the world has changed the mindset and behaviour of so many people in such a short period," he said. 

 

Initiatives like Swachh Bharat Abhiyan, Digital India, Make in India, Skill India and Start Up India have won the respect of the world, he said citing the success as a reason for high foreign direct investment (FDI). 

 

Of this, Reliance has invested more than Rs 1,25,000 crore in Gujarat in the past four years. "I am happy to report that we have invested Rs 10,000 crore more than what we had committed (in previous Vibrant Summits)." 

 

"These investments provide sustained employment to over 2 lakh people and contribute to Gujarat's export competitiveness," he said. 

 

Ambani said the subscriber mark in Gujarat for Jio, its 4G venture, touched 50-lakh mark in just 90 days."Today, more than 90% of the state population is covered by Jio and by Diwali, 100% of the state will be covered," he said.