comscore Vodafone seeks spectrum urgently, validity extension by 6 months
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Vodafone seeks spectrum urgently, validity extension by 6 months

Reliance Group will invest Rs 60,000 crore in power, coal, cement and telecom businesses in Madhya Pradesh by 2020, its Chairman Anil Ambani said today. Speaking at the state government's mega inve

  • Updated: October 9, 2014 4:57 PM IST
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Reliance Group will invest Rs 60,000 crore in power, coal, cement and telecom businesses in Madhya Pradesh by 2020, its Chairman Anil Ambani said today. Also Read - Starlink told to get license before offering satellite-based internet services in India by govt

Speaking at the state government’s mega investor conference here, he said Reliance Group has, over the past 5 years, invested in four key areas of coal, power, cement and telecom. “The Group’s total investment exceeds over Rs 30,000 crore in these 4 key areas in the state making Reliance Group by far the largest investor in the state,” he said. Also Read - Vi just reduced the daily data limit for these prepaid plans: Check details

On Prime Minister’s call for “Make in India”, he said, “We are not only going to ‘Make in India’ but ‘Make in Madhya Pradesh’.”  “We are committing ourselves to double our investment in the state from current Rs 30,000 crore to Rs 60,000 crore by 2020 in our 4 key growth areas i.e. coal, power, cement and telecom. “We commit ourselves to partner the state of Madhya Pradesh to become leading industrial state in the country,” he said. Our current operations employ over 25,000 people in the state. Also Read - Airtel uses Nokia equipment to successfully conduct first 5G trial in Eastern India

We have an extensive social responsibility programme for the people of Madhya Pradesh, covering education, health, animal husbandry and many such other initiatives. Over the past 10 years, the state of Madhya Pradesh has transformed and progressed to new heights under the dynamic leadership of Chief minister Shivraj Singh Chouhan, Ambani said. “Chouhan is a third-time CM and the youngest Chief Minister in India. My personal congratulations to you for your visionary leadership in creating a record in the regional assembly,” he added.

Vodafone said it has requested the Department of Telecom to earmark the spectrum without any delay and also take up the issue of changeover in totality on an immediate basis so that there is no loss or inconvenience caused to the public. “This will include continuation on existing in use 900MHz frequencies for at least 6 months from the date of earmarking of 1800 MHz spectrum, which is a necessity,” Vodafone said.

The company has sought DoT response on its communication by October 10, the note said. In February, seven companies — Airtel, Vodafone, Reliance Jio Infocomm, Idea Cellular, Aircel and Reliance Communications had won spectrum for a cumulative amount of Rs 62,162 crore, but DoT is yet to assign them the frequencies required for operations.

Vodafone India won spectrum bidding by committing Rs 19,644.72 crore.

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  • Published Date: October 9, 2014 4:56 PM IST
  • Updated Date: October 9, 2014 4:57 PM IST



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