India's Reliance to invest 872m dlrs in agro-retail, gas pipeline - Yahoo! News: "NEW DELHI (AFP) - India's Reliance Industries will invest 40 billion rupees (872 million dollars) to set up an agro-retail chain and a natural gas pipeline in eastern India, company chairman Mukesh Ambani said.


The investment would be made in West Bengal, where a communist government has been in power for 29 years.
Ambani announced the investment after meeting state chief minister Buddhadeb Bhattacharjee.
He said that half the investment would be pumped into the agro-retail chain, while the rest would go into bringing natural gas supplies to the country's eastern coast.
'Our primary focus is to transform the agriculture sector,' Ambani told reporters in the state capital Kolkata on Wednesday.
Bhattacharjee said that the retail chain would benefit both farmers and consumers.
On Monday, the company announced that it would build an eight-billion-dollar special economic zone in northern Haryana state to attract companies by providing stable power and other services severely lacking in the country.
Reliance, India's largest private company with its core business in oil refining and petrochemicals, would invest 250 billion rupees in the project with the rest of the money coming from private companies building their own facilities in the zone"