Reliance to invest 46,000 crore in Madhya Pradesh

BHOPAL: Anil Ambani-led Reliance Group will invest Rs 46,000 crore in Madhya Pradesh in defence, information technology, electronics manufacturing and energy sectors. This was informed by Reliance Group chairman Anil Ambani during a meeting with chief minister Shivraj Singh Chouhan here on Thursday.
According to an official press release, Ambani said that Reliance Group will invest in defence production sector at Pithampur, near Indore and Bhopal.Integrated land system defence manufacturing hub will be developed at Pithampur and rotary wing helicopter manufacturing unit at Bhopal.
About Rs 6000 crore will be invested in energy and defence production sectors. Global level data storage centres will be set up by the group in the state in information technology sector.
For this, Rs 1500 crore will be invested at Pithampur.
The group will set up a unit at Pithampur to produce ingut and polysilicon required to manufacture solar panels at a cost of Rs 27,000 crore.
The group will expand Sasan power project with an investment of about Rs 12,000 crore. These projects will generate about 70,000 direct and indirect jobs.
He also gave proposal to start campus of management institute Indian School of Business at Bhopal. Reliance Group has already invested Rs 35,000 crore in cement, telecom and financial services sectors in Madhya Pradesh giving jobs to large number of people. Reliance Group has chosen 400 acre land at Pithampur and 70 acre at Bhopal. The chief minister said that every possible effort is being made to promote investments in the state. Investment-friendly policy has been implemented. Special attention is being paid to increase job opportunities along with promotion of industries. Investors will not be allowed to face any difficulty in the state, he added.
Chief secretary Anthony de Sa, Reliance Group’s CEO Satish Gupta, principal secretary industries Mohammad Suleman, principal secretary to CM S K Mishra, secretary industries V L Kantarao, Road Development Corporation MD Manish Rastogi and Trade and Investment Facilitation Corporation Limited MD D P Ahuja also attended the meeting.