Jio plans Rs 10,000 crore investment in Uttar Pradesh

Reliance Industries (RIL) chairman and managing director Mukesh Ambani on Wednesday said Reliance Jio will be making an investment of Rs 10,000 crore in Uttar Pradesh over the next three years.

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Reliance Jio, which has invested more than $25 billion in its telecom networks in India, is the largest 4G operator in India with 161 million 4G subscribers in 2017. It is in the process of selling its cost effective JioPhone to attract more subscribers.

“Jio has invested Rs 20,000 crore already in the state, and plans to invest another Rs 10,000 crore over the next three years. We aim to bring Jio to every village in the state by the end of this year,” Mukesh Ambani said at the Uttar Pradesh Investors’ Summit in Lucknow.