Reliance ADAG to invest Rs 4,250 cr in MP

This was conveyed by state FM Jayant Malaiya at the Assembly today

Anil Ambani-promoted Anil Dhirubhai Ambani Group has proposed an investment of Rs 4,250 crore, state finance minister Jayant Malaiya today said in state assembly in his budget speech. An e-mail sent to the company earlier had evoked no response.

The minister in his speech said that state had announced its Defense Product Investment Promotion Policy, which has attracted an investment of Rs 3,000 crore in a defense park and another investment of Rs 1,250 crore in an aerospace park.

"An Integrated Land System Defense Manufacturing Hub in Pithampur and a Rotary Wing Helicopter Manufacturing Unit in Bhopal will be set up," a press statement issued by state government in October had said. The company, according to government sources, has been allocated a land area in Indore for the purpose and another area in Bhopal.