NTPC, Reliance, Adani commit Rs 4 lakh crore investment in MP
Billionaire Gautam Adani’s group, Reliance Industries and state-owned power producer NTPC were among over a dozen companies that on Monday committed to invest about Rs 4 lakh crore across businesses in Madhya Pradesh, amid a high-voltage showcase by the state of its vast opportunities and investment potential.
While Adani promised Rs 1.10 lakh crore in pumped storage, cement, mining, smart meters, and thermal energy, Reliance committed Rs 60,000 crore to set up biofuel projects in the state.
Madhya Pradesh can potentially increase the size of its economy by 18 times to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, according to a report by industry body CII. The state needs to focus on boosting the manufacturing industry and industrial expansion, it said.
