India Inc lines up big Madhya Pradesh plans

Indore: The global investor’s summit organised by the state of Madhya Pradesh lived up to the expectations, receiving investment commitment worth thousands of crores from leading business houses in India. While Mukesh Ambani, CMD Reliance Industries Ltd committed to invest Rs 20,000 crore in the coming years, his younger brother Anil Ambani promised to double his group’s investment in MP from Rs30,000 crore to Rs 60,000 crore by 2020. 

 

Cyrus Mistry, chairman, Tata Group said that Tata Consultancy Service is committed to expanding its operational footprint in Madhya Pradesh, which will provide employment opportunities to 10,000 IT professionals. 

 

Others who promised massive investment include L&T, Godrej Industries, Adani Group, Essar Group, ITC, Welspun Group, Futures Group, Bharat Forge and Symbiosis. 

L&T and Bharat Forge said they  will increase their presence in defence while the Future Group plans to establish a 50-60 food processing units.