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Reliance to Invest $110 Billion, Chairman Ambani Says

Provided by Dow Jones Feb 19, 2026, 7:33:00 AM

By Kosaku Narioka

Reliance Industries and its unit Jio plan to invest 10 trillion rupees, equivalent to $110.13 billion, over the next seven years, Chairman Mukesh Ambani said Thursday.

Reliance's announcement comes as tech executives and government leaders are visiting the South Asian nation this week for a global AI summit that New Delhi hopes will give emerging economies a greater say in a rapidly evolving technology landscape.

On Tuesday, Indian energy and logistics giant Adani Group said it will invest $100 billion to develop large-scale data centers by 2035.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

February 19, 2026 02:33 ET (07:33 GMT)

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