Make the Most of Investments: PM to States

  • India had received proposals for investments worth $100 billion and States should be prepared to take optimum advantage of these, Prime Minister Narendra Modi said here on Thursday.
  • Visiting Indore to inaugurate the Global Investors Summit (GIS) — Mr. Modi heaped praise on Chief Minister Shivraj Singh Chouhan, saying his leadership had brought the State out of the BIMARU (sick States) category.
  • Mr. Chouhan told investors who included captains of the industry, Reliance Industries Ltd.’s Mukesh Ambani, Reliance Anil Dhirubhai Ambani Group’s Anil Ambani, Adani group’s Gautam Adani and Tata group chief Cyrus Mistry among others.
  • Mr. Mukesh Ambani announced that he would invest Rs. 20,000 crore in Madhya Pradesh over the next two years in areas of coal exploration and digital infrastructure.
  • Anil Ambani, a regular at the GIS, promised to double his investments in the State to Rs.60,000 crore from the existing Rs.30,000 crore.
  • Mr. Modi said $100 billion investments wanted to enter the country, be it from America, Japan or China.
  • More investments were announced with the Adani group promising an investment of Rs. 20,000 crore and Mr. Mistry saying Tata Consultancy Services would employ 10,000 youths from Indore.