MUMBAI -- Indian conglomerate Reliance Industries will partner with major multinationals to develop a modern industrial campus, with outlays expected to reach 600 billion rupees ($9.34 billion) over the next decade.
Mukesh Ambani, Reliance chairman and managing director, revealed the plan Sunday at a global investor summit in Mumbai, several Indian newspapers reported. Ambani said Reliance has already secured joint investment agreements from 20 companies, including Siemens, Cisco Systems, Nvidia and Nokia.
