Mumbai: The Ambani brothers and Gautam Adani, major businessmen of India had committed to invest Rs. one lakh crore or about half of the total investments commitment of Rs 2.25 lakh crore made during the first day of Madhya Pradesh Global Investors Summit 2014.
The Summit had been inaugurated by Prime Minister Narendra Modi on Thursday.
Reliance Group chairman Anil Ambani announced investments worth Rs 60,000 crore in coal, power, cement and telecom by 2020 and his elder brother and Reliance Industries chairman announced that he would invest Rs 20,000 crore in the next two years in CBM blocks, retail and fourth generation broadband infrastructure.
Gautam Adani, Chairman of Adani Group had committed to invest Rs. 20,000 crores in the next five years in building world-class grain storage houses and power projects.
Chairman of Reliance Group, Anil Ambani said, “Taking an inspiration from our Prime Minister’s call of ‘Make in India’ mission, we are not only going to ‘Make in India’ but ‘Make in Madhya Pradesh.’ We are committing ourselves to double our investment in the state from current Rs 30,000 cr to Rs 60,000 cr by 2020 in our four key growth areas.”
RIL chairman Mukesh Ambani said, “I firmly believe that in today’s world, to change our education for youth, to change our healthcare, to change our govt services, to change the financial infrastructure, digitization is a prerequisite and to my mind, digitization also creates more jobs.”
Sashi Ruia, chairman of Essar Group had also committed investments of another Rs 4000 crore in its CBM exploration.
Notify that Essar Group has already invested Rs 9,000 crore in power generation, transmission, steel and BPO.
Bureau Report
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