Reliance Group to invest in Madhya Pradesh

According to local reports, Reliance Group is investing around Rs.60 000 crore in its cement, coal, power and telecom businesses in Madhya Pradesh state, located in central India.

Speaking at a government conference, Anil Ambani, Chairman of Reliance Group, told local press that the Group’s total investment in the cement, coal, power and telecom sectors in Madhya Pradesh exceeds Rs.30 000 crore, making the company the largest investor in the state. Reliance is set to double its investment in these key industries to Rs.60 000 crore by 2020.

Ambani further noted that the company employs over 25 000 people in the state, and has implemented a comprehensive social responsibility programme for these employees, which covers education, health, animal husbandry and other similar initiatives.

Edited from various sources by Rosalie Starling

Sources

• The Economic Times
• The Hindu Business Line
• NDTV

Read the article online at: https://www.worldcement.com/asia-pacific-rim/09102014/reliance-group-to-invest-in-madhya-pradesh-638/