Explore Business Standard
Associate Sponsors
Co-sponsor
Reliance Industries, Adani, Google, Lightspeed Ventures and Tata are among the top investors that cumulatively made commitment of USD 240 billion investment in India during the India AI Impact Summit 2026, an official statement said on Monday. The number released by the government shows that the India AI Impact Summit 2026, held from Feb 16-21, was the biggest AI event held till date, with approximately 6 lakh attendees in person, delegations from more than 100 countries and 20 international organisations participated in the proceedings. Over USD 200 billion in AI-related investments are expected across infrastructure, foundation models, hardware and applications. The India AI Impact Summit Declaration was endorsed by 92 countries and international organisations. The New Delhi Frontier AI Impact Commitments were announced by 13 leading global and Indian frontier model developers to promote trustworthy and inclusive AI deployment. According to the statement, Reliance Industries pled
Reliance Consumer Products, the FMCG arm of Reliance Industries, on Monday said it has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group. This partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statement. Through this partnership, which is subject to customary legal and regulatory clearances, Reliance Consumer Products Ltd (RCPL) will introduce its FMCG products to consumers in Nigeria, leveraging TGI's FMCG manufacturing and distribution experience and network, it added. "The partnership between RCPL and Tropical General Investments (TGI) Group aims to strengthen RCPL's market presence on the global stage," it said. RCPL Director T Krishnakumar said: "TGI Group is a diversified and trusted partner, and their deep expertise and decades-long presence in sectors such as FMCG, culinary, and agribusin