Anil Ambani-led Reliance Group to further invest Rs 46,000 crore in defence, IT in Madhya Pradesh

[jung41]

BHOPAL: Strengthening its presence in Madhya Pradesh, the Anil Ambani-led Reliance Group will invest around Rs 46,000 crore in sectors such as defence, IT, electronics and energy.

The company has also decided to set up a Rotary Wing Helicopter Unit in Bhopal.

In a meeting with state Chief Minister Shivraj Singh Chouhan here, the Reliance Group Chairman committed to invest Rs 46,000 crore in key areas like defence, information technology, electronics development and energy, an official release said.

Chouhan also briefed Ambani about efforts being undertaken by the government with regard to implementation of the new investor-friendly policy aimed at enhancing investment climate in the state.

Madhya Pradesh government will ensure that no problem will come in the way of investments, Chouhan said adding that industries are being encouraged in the state in order to reduce people's too much dependence on agriculture.

Read more at:
Anil Ambani-led Reliance Group to further invest Rs 46,000 crore in defence, IT in Madhya Pradesh - The Economic Times

 

[cyrusthevirus]

All his companies are in debt. His net worth is negative. What will he invest.

 

[kaykay]

Thats a good news.

 

[Echo_419]

BHOPAL: Strengthening its presence in Madhya Pradesh, the Anil Ambani-led Reliance Group will invest around Rs 46,000 crore in sectors such as defence, IT, electronics and energy.

The company has also decided to set up a Rotary Wing Helicopter Unit in Bhopal.

In a meeting with state Chief Minister Shivraj Singh Chouhan here, the Reliance Group Chairman committed to invest Rs 46,000 crore in key areas like defence, information technology, electronics development and energy, an official release said.

Chouhan also briefed Ambani about efforts being undertaken by the government with regard to implementation of the new investor-friendly policy aimed at enhancing investment climate in the state.

Madhya Pradesh government will ensure that no problem will come in the way of investments, Chouhan said adding that industries are being encouraged in the state in order to reduce people's too much dependence on agriculture.

Read more at:
Anil Ambani-led Reliance Group to further invest Rs 46,000 crore in defence, IT in Madhya Pradesh - The Economic Times

Good news for Madhya Pradesh

 

[Mamsalaphala]

All his companies are in debt. His net worth is negative. What will he invest.

Anil Ambani Group holdings has a Revenue of US$15.4 billion with a annual profit of 3.5 Billion $.

His total group asset value is 30 billion $ and his total group equity value is 40 billion $.

He can generate substantial capital from International banks at very low interest rates. India is the strongest market with the greatest potential at the moment and International financial institutions are searching for people to bet on. Anil Ambani fits the bill. Its as simple as that.

 

[Srinivas]

Good News !!