Reliance bets big on Madhya Pradesh; eyes more investment


Reliance bets big on Madhya Pradesh; eyes more investment

Reliance Industries, chairman Mukesh Ambani on Friday announced setting up of national distribution centres in Madhya Pradesh with over 10 million square feet space across 45 locations.

The company, which has over 600 stores and 100 petroleum retail outlets in the state, is planning to more than double the same over the next few years, Ambani said at ‘Magnificent MP’, investment summit organised by the Madhya Pradesh government.

“Madhya Pradesh is a natural choice for logistics hub because of its strategic location. Reliance will be setting up state-of-the-art national distribution centres in MP with over 10 million sq ft of space across 45 locations in the state,” Ambani announced through video conferencing.

Ambani, however, did not share the investment details of this project. Ambani expressed his inability to attend the summit because of the board meeting of the company on Friday. Read More

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