Reliance Group to invest Rs 46,000 cr in MP

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 Reliance Group will invest in defence production sector in Pithampur, near Indore and Bhopal.Integrated land system defence manufacturing hub will be developed in Pithampur and rotary wing helicopter manufacturing unit in 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 in Pithampur.
The group will set up a unit in Pithampur to produce ingots 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 a proposal to start a campus of the management institute Indian School of Business in Bhopal. Reliance Group has already invested Rs 35,000 crore in cement, telecom and financial services sectors in Madhya Pradesh, creating jobs for a large number of people. Reliance Group has chosen 400 acres of land in Pithampur and 70 acres in Bhopal.
The chief minister said every possible effort is being made to promote investments in the state. Investment-friendly policies have been implemented. Special attention is being paid to increase job opportunities along with the 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.