RIL chairman, Mukesh Ambani made an announcement that his company is ready to make investments in the newly formed UTs of Jammu & Kashmir and Ladakh.

Speaking at the 42nd Annual General Meeting of Reliance Industries Ltd., he also said that the Reliance group will set up a special task force focused on making investments in the two union territories.

Source: vox

The announcement came after the central government revoked Article 370 from the state of J&K, recently.

PM Modi, in his address to the nation, also said that removal of Article 370 will boost investment in the valley.