India's Reliance Industries plans 300-500 mln eur investments in Poland

WARSAW (Thomson Financial) - Reliance Industries, India's most valuable company, plans to invest up to 500 mln eur in the Polish petrochemical sector in the next five years, the head of the company's European operations was quoted as saying.

'During the next five years we can spend 300-500 mln eur on investments relating to the petrochemical sector,' Mohan Murti told local daily Puls Biznesu.

Reliance Industries unit Trevira now runs a textile business in Poland, in which the company plans to invest 50 mln eur, the paper said.

Source: By Adrian Krajewski, forbes.com