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Mukesh,Mittal may join hands to bring 4G services to Punjab

Day 1 sees promise of Rs 53,000 crore investments.

Written by Chitleen K Sethi | Mohali |
December 10, 2013 3:30:31 am

The Progressive Punjab Summit kicked off at Mohali on Monday with 21 companies signing memoranda with the state government aimed at bringing at least Rs 53,000 crore to Punjab and a promise of employment to over a lakh workers.

Large investments have been announced in the real estate,IT,telecom,food processing and healthcare sectors. Chief Minister Parkash Singh Badal,however,urged the investors to stick to their promises. “A promise breaker is a shoe maker,is all that I can say,” he said addressing a galaxy of industry stalwarts.

With the country’s top industrialists gathered at Mohali,the biggest news to emerge from the the Indian School of Business (ISB) campus,the venue of the event,was that of a possible ‘partnership’ between Reliance and Airtel to bring 4G services to the state.

“We are fast entering a new era of collaborative cooperation between companies that can lead to the common goal of delivering value. We,me and Sunil (Bharti Mittal),look forward to such a partnership and build and serve an infrastructure and move forward,” said Reliance chairman Mukesh Ambani while addressing the gathering.

Rolling out the digital infrastructure project for 4G services in Punjab,Ambani announced an investment of Rs 2,500 crore,while Sunil Bharti Mittal topped it with an announcement of Rs 4,000 crore for the digital infrastructure. “As Mukesh said,we are feverishly working towards bringing in the finest digital platform the country will ever have,” Mittal said.

Praising Bharti’s efforts in investing in schools for the students of weaker sections in Punjab,Ambani said Reliance would provide free connectivity in schools,colleges and hospitals in the state. He added that the company will also,as part of its social responsibility,promote sports in schools specially basketball. Mittal acknowledged Ambani’s gesture and offered him his schools in the state for the sports ventures.

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