Shortly after the completion of the concluding day of the MP Global Investors Summit recently, Chief Minister Shivraj Singh Chouhan claimed that both global and domestic investors have committed to invest worth Rs.6.85 lakh crore across sectors in the state. Most of the investments announced in the summit are in power, coal, food processing and Information Technology sectors of the mineral rich State. Power, Fertilisers, Chemicals and the Union Coal Ministries have also announced a slew of investments in the State. Taking cue from the Centre’s decision to relax FDI norms in defence production, the summit saw two companies – Larsen and Toubro and Bharat Forge – expressing interest to invest in Madhya Pradesh in the sector.
Among the domestic investors, the Reliance Anil Dhirubhai Ambani Group (ADAG) will invest Rs 60,000 crore in power, coal, cement and telecom businesses in Madhya Pradesh by 2020, its chairman Anil Ambani said. Adani Group-led by Gautam Adani pledged to invest Rs 20,000 crore in MP. The Group is also partnering the state government in creating agri infrastructure facility for storage of 3.5 lakh tons grains. In field of power generation, the group is very shortly commencing the construction of 2X660 MW at Chindwara and also an MoU will be signed soon for faster evacuation of cargo from Hazira and Mundra ports.
from this, Reliance Industries’ chairman Mukesh Ambani will complete Rs 20,000-crore investment program in the state by March 2016. While Suzlon Energy has committed to invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacities in Madhya Pradesh, chairman Tulsi Tanti informed.