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Adani Group pledges to invest Rs 20,000 crore in MP

"These, as well as other projects under evaluation, will see Adani Group investing a total of Rs 20,000 crore in Madhya Pradesh over next five years," Gautam Adani said.

twitter-logo PTI   Indore     Last Updated: October 9, 2014  | 19:02 IST
Adani Group Chief Gautam Adani
Adani Group Chief Gautam Adani (Photo: Reuters)

Adani Group-led by billionaire Gautam Adani on Thursday pledged to invest Rs 20,000 crore in Madhya Pradesh during the next five years in various projects.

Speaking at the Global Investors' Summit, he said Adani group's association with Madhya Pradesh dates backs to early 1990s. The Group is also partnering the state government in creating agri infrastructure facility for storage of 3.5 lakh grains.

In field of power generation, the group is shortly commencing the construction of 2X660 MW at Chindwara and also an MoU will be signed soon for faster evacuation of cargo from Hazira and Mundra ports.

"These, as well as other projects under evaluation, will see Adani Group investing a total of Rs 20,000 crore in Madhya Pradesh over next five years," Adani said.

While praising Madhya Pradesh Chief Minister Shivraj Singh Chouhan and Prime Minister Narendra Modi, Adani said "after years of reading all the negative news and total policy paralysis, the situation is changing and we see optimism all around us".

Adani, however, said due attention needs to be given to the state's industrial growth. "I am sure the Chief Minister is aware of this and the global investors summit would help in correcting the aberration," he said.

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