Mukesh Ambani, the chairperson of India’s most valuable company Reliance Industries, is planning to establish a global economic hub in Navi Mumbai. For this purpose, Reliance Industries has leased a massive 3,750 acres of land for 43 years in Navi Mumbai for a whopping Rs 13,400 crore. The land will be used to develop an integrated industrial area with global partnerships, similar to Reliance’s existing industrial complexes in Jamnagar, Hazira, and Dahej. Reliance Industries began the sub-lease of the land in 2019 with an initial payment of Rs 2,180 crore.