MP investors summit: India inc obliges with show of intent

INDORE: Madhya Pradesh’s global investor summit saw an impressive line-up of investment from corporate bigwigs such as Reliance ADAG chairman Anil Ambani, Aditya Birla Group chairman Kumar Mangalam Birla and Gopichand Hinduja, co-chairman of the Hinduja Group.

Birla announced an investment pipeline of Rs 20,000 crore in the state. Birla Group’s UltraTech Cement is in the process of acquiring two cement plants at Bela and Sidhi with an outlay of Rs 5,500 crore. Ambani said his companies will start its defence projects in two cities of MP: Bhopal and Pithampur.

Ambani said that with different states wooing investors these days, it is the leadership in the states that becomes important. Yoga guru turned FMCG player Ramdev said he would ensure that Rs 10,000 crore reaches farmers directly and over 10,000 job opportunities are created through Patanjali in MP.

Calling himself a global citizen while criticising the influx of poor Chinese goods in India, Ramdev said, “We want to make India world’s manufacturing hub.” Hinduja said that his company would invest in MP across the 10 verticals it operates.