Corporates Commit Over Rs 1 Lakh Crore Investment in Madhya Pradesh
Indore: Corporate houses from Reliance Group to Adani Group committed investments of nearly Rs 1 lakh crore in Madhya Pradesh on the first day of the Global Investors Summit on Thursday which was inaugurated by Prime Minister Narendra Modi.
While the Ambani brothers - Mukesh and Anil - pledged an investment of Rs 50,000 crore, Gautam Adani of Adani Group announced investment of Rs 20,000 crore, followed by Suzlon's Tulsi Tanti (Rs 15,000 crore).
Industrialists who announced their investment plans included Welspun's Sindoor Mittal (Rs 5,000 crore), Essar group's Shashi Ruia (Rs 4,000 crore), Future Group's Kishore Biyani (Rs 2,000 crore) and Symbiosis open education society (Rs 200 crore).
Industry bigwigs including Tata Group's Cyrus Mistry, Aditya Birla Group's Kumar Mangalam Birla, ITC's Y C Deveshwar, Larsen & Toubro's A M Naik and Godrej Group's Adi Godrej attended the summit.
Speaking at the summit, Reliance Industries CMD Mukesh Ambani said, "India is on a resurgent path of growth and Madhya Pradesh is already on the way."
"We are going to invest Rs 20,000 crore in the coming years in energy, retail business, entrepreneurship development and digital infrastructure sector."
Madhya Pradesh, he said, is going to have a world class digital infrastructure in the coming 18 months.
Tata Sons chief Mr Mistry did not mention any amount, but expressed his group's commitment to expanding footprint in the state.
Tata Consultancy Services (TCS) would be building a new integrated campus here which will provide jobs to 10,000 professionals, he added.
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