Sunday, September 10, 2006

Reliance ADAG to Invest $3 Billion in Chennai

Splinter Reliance group chairman Anil Dhirubhai Ambani met TamilNadu Chief Minister M.Karunanidhi and pledge to invest Rs12,000 crores in Chennai to setup multi product SEZ with a core of 1000 MW power project linked with desalination plant. The amount of water produced will meet 30 per cent of the current water shortage in city. Another proposal was to build at IT Park (with Rs 2000 crore investment), a world-class convention centre. World looks at Chennai as an IT destination. Union Ministers Dayanidhi Maran was also present during the meeting.

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