Press Releases2014Oct 14, 2014
Global Investor Summit 2014: Dr Subhash Chandra vows to turn 5 cities in Madhya Pradesh into smart cities
At the recently held Global Investor Summit 2014 in Indore, Madhya Pradesh, Dr. Subhash Chandra, Chairman of Essel Group and Zee Entertainment Enterprises Limited asked Madhya Pradesh Chief Minister Shivraj Singh Chouhan to allot five cities from the state so that they can be turned into smart cities.« Back
Speaking on the concluding day of the "Invest Madhya Pradesh - Global Investors Summit - 2014" at Indore, Dr Chandra said, "I was personally thrilled to hear the announcement of 100 smart cities by Prime Minister Narendra Modi because we were also thinking on those lines."
"Give us existing five cities, it can be through competitive bidding also, so that we can build them into smart cities."
Dr Chandra said that a total estimate of Rs 7,500 crore will be spent on building the cities into smart cities. "We want to do it through PPP model," he said.
He further said that Essel Group plans to invest around Rs 50,000 crores. So far, Rs 5,000 crore investment has been made.
Dr Chandra said, "In our quest to achieve something new, we have set a target that by 2020 we will have 130 crore Zee Network viewers across the globe."
Currently, ZEE is seen in 169 countries across the globe and there over 730 million viewers.
"We have reached 35 million American homes. In two-three years, we will reach 105 million American homes," he added.
Congratulating the government and people of MP, Dr. Chandra said, "People of Madhya Pradesh always make you feel that you are very much part of the state."