The popularity of Jio isn't something hidden! We are well-familiar with the immense success of Mukesh Ambani's Reliance Jio. After establishing its strong position in networking, Mukesh Ambani now aims for building an extremely advanced city near Mumbai, the Megacity.
Currently, Mukesh Ambani and the team are working on the blueprint of the company, THis megacity is set with an approx. investment of 75 billion dollars in the upcoming decade.
This megacity includes the territory owned by Navi Mumbai Special Economic Zone (NMSEZ), which is around 4,300 acres. This specific land connects with the Jawaharlal Nehru Port Trust and to the construction of the new airport project.
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The project, Megacity, is set up to achieve the immense goals of uplifting the urban infrastructure as being established by a private sector player for the first time in modern India. The concept of establishing a megacity near Mumbai isn't a new idea by the Reliance Group of Industries. In fact, when we dug up some history behind this project, it was discovered that it was the dream of Dhirubhai Ambani, the legendary founder of the Reliance Group of Industries.
Dhirubhai Ambani wanted to establish a city with the advancement of the world level, near Naci Mumbai. He first came up with this idea in the early 1980s, when he brought up a project for connecting South Mumbai with Navi Mumbai by road. This project was very well received and would have decongested Mumbai long ago.
As per reports of analysis. The new city may attract investment worth 5.4 lakh crores (75 billion dollars) in 10 years. It will create employment for more than 5 lakh people. If things go as planned, it will become the first mega SEZ in India that is administered by a private entity.
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