Expressions of Interest (EOIs) by investors towards Madhya Pradesh touch 6.89 lakh crore

13-Oct-14

Business groups such as Reliance, Adani and government-owned entities have promised investments of nearly Rs 6.89 lakh crore in Madhya Pradesh at the Global Investors Summit. The state government received more than 3,160 EOIs in this year's summit. Union Minister for Chemicals and Fertilizer Ananth Kumar announced that the Centre will set up a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at a cost of Rs 1 lakh crore near the Bina petroleum refinery in Madhya Pradesh. J.P. Gaur of diversified firm Jaiprakash Associates promised an investment of Rs 35,000 crore and also offered to develop Rewa as a smart city. Mukesh and Anil Ambani pledged an investment of Rs 50,000 crore, Gautam Adani of Adani Group announced Rs 20,000 crore, followed by Suzlon's Tulsi Tanti Rs 15,000 crore, Welspun's Sindoor Mittal plans to invest Rs 5,000 crore, Essar group's Shashi Ruia is to invest Rs 4,000 crore and Future Group's Kishore Biyani will invest Rs 2,000 crore and Symbiosis open education society is to invest Rs 200 crore.