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MP gets investors' thumbs-up

Source : BUSINESS_STANDARD
Last Updated: Mon, Oct 29, 2012 19:50 hrs

Investors at the inaugural function of the two-day Global Investors Summit here on Monday gave a thumbs-up to the Madhya Pradesh (MP) government’s investor-friendly policies and fast-track decision making.

Anil Ambani, chairman of Reliance ADAG, said MP, would soon become the power capital of India, thanks to the development of power projects by the private sector and state undertakings.

The MP government, which provides 24x7 power to industries, hopes to become power surplus by 2013.

Ambani praised Chief Minister Shivraj Singh Chouhan for “courage, conviction and caring”, which helped the state achieve high growth rate and investments.

He announced that generation at Sasan ultra mega power project’s first unit of 660 MW capacity would begin shortly, and it would be supplied at Rs 1.19 a unit for 25 years to the state.

Shashi Ruia, chairman, Essar Group, hailed the state government’s pro-active role in the promotion of investments. “Madhya Pradesh is a state where better facilities are provided to the investors.”




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