Corporates commit over ₹80,000 crore investments in Madhya Pradesh

With the Madhya Pradesh Government offering the keys to a land bank of 26,000 hectares along with 24X7 power and water, corporates promised investments worth over ₹80,000 crore in the State at the inaugural function of the Madhya Pradesh Global Investors Summit here on Thursday.

The Anil Dhirubhai Ambani Group (ADAG), which has invested about ₹30,000 crore in the State in the past few years, offered ₹30,000 crore more by 2020 in sectors such as power and coal. Mukesh Ambani-led Reliance Industries Ltd pledged ₹20,000 crore in the energy and retail business. Adani Group Chairman Gautam Adani said his company would invest ₹20,000 crore within the next five years.

Kishore Biyani’s Future Group promised investments worth ₹2,000 crore in agri-based business, while the Essar Group offered to invest ₹4,000 crore in various sectors. The Welspun Group will invest ₹5,000 crore in renewable energy in the State, and Symbiosis said it would invest ₹200 crore in educational infrastructure in Madhya Pradesh.

Cyrus Mistry, Chairman, Tata Sons said TCS was expanding activities in a new integrated campus at Indore, which would provide employment to 10,000 IT professionals.

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