Reinforcing the sentiment that India is still the best place to invest and do business, India’s top industrialist Mr Mukesh Ambani had promised Prime Minister Dr Manmohan Singh that he would invest Rs.70, 000 Cr in the next two years in the country.

Speaking at the meeting of the Prime Minister’s Council on Trade and Industry in Delhi, Ambani said he was not sharing the gloom and pessimism of others about India. “I am optimistic and see India as the best destination for investments and I will invest Rs.70, 000 Cr in the country in the next two years,” Mukesh Ambani told the august gathering.

Mukesh Ambani’s promise comes amid reports that economic gloom and pessimism has been spreading about India’s growth in the coming years.

To the announcement, the PM immediately thanked him and expressed the hope that other industrialists would also follow the example.

Ambani denied the reports that some top industrialists of the country have been planning to move out of India to expand their business and industrial activity. “I will not move anywhere and there is no need for me to move overseas,” he said assertively.

Other top industrialists of the country like Ratan Tata, N R Narayana Murthy, Sunil Bharti Mittal, Sunil Munjal and Vindi Banga also supported the view of Ambani and promised to do more investments creating more jobs for the youth and more business opportunities for others.

However, all of them urged the government to provide more infrastructure and speed up the pending infrastructure projects in the country. (JUBS)