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6:10 pm - Saturday October 25, 2014

Reliance Group to invest Rs. 50 thousand crore

310114n1Industrialist Anil Ambani holds discussions with Chief Minister Shivraj Singh Chouhan.

Staff Reporter, Bhopal
Chief Minister  Shivraj Singh Chouhan has said that the state government is committed to further accelerating pace of development by inviting maximum industrial investment to the state. For this, the state government is ensuring every possible effort for transparency and good governance.  Chouhan was holding discussions with Reliance industrial group’s Chairman  Anil Ambani here today.

The Chief Minister said that apart from strong industrial infrastructure, result-oriented administrative arrangements, full attention is being paid to ensure completion of various industrial projects within time-limit.  Ambani informed the Chief Minister that Madhya Pradesh is the only state where his company is investing Rs. 45 thousand crore in a particular sector. He said that his company will invest over Rs. 50 thousand crore in the state in next 6 months. Describing Chief Minister’s progressive leadership as helpful for industrial growth,  Ambani said that Rs. 30 thousand crore investment will be made in Sasan project in the next 6 months. He said that present investment in energy sector in Madhya Pradesh will increase power generation capacity in the state in future. This will not only strengthen state’s economy, but will also increase availability of power in Madhya Pradesh. Of this, Rs. 4 thousand crore will be invested in coalmines. Besides, Rs. 15 thousand crore additional investment will also be made. He informed that Rs. 2000 crore will be invested in Chitrangi project.

He informed that 5 million tonne capacity cement factory will be established at Maihar. Three times more investment will be made in this sector.  Ambani said that healthy partnership with government is necessary for industrial development.

Industries need political stability, transparency and good governance and Madhya Pradesh is most suitable from these points of view.
Chief Secretary  Anthony de Sa, Principal Secretary Industries  P.K. Dash, Principal Secretary to CM  Manoj Shrivastava, Principal Secretary  S.K. Mishra and Principal Secretary Energy  Mohammad Sulaiman were present on the occasion.

Posted in: Bhopal

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