Report From Vibrant Gujarat Summit 2011:
The date of today can be defined as a golden date in the history of Gujarat ’s economy. Gujarat Principal Secretary for Industries and Mines M Sahu reported, commitment investment amount is around Rs 15 Lakh Crore on the first day of summit. Gujarat has obtained all the industrial opportunities to be fulfilled said by Narendra Modi.
The sectors like power, special investment regions, mineral-based industries, banks and financial institutions and oil and gas attracted the investors & MoUs to invest.
In the power sector, Approximately Rs 3,05,204 Crore is invested by the private owners which is classified as sectoral investments.
And similarly under special investment, Rs 1,22,742 Crore has been announced to be invested & Rs 1,34,645 crore in the mineral based industries.
Banks & Financial sector institutions will have contribution of Rs 1,72,400 crore & oil and gas sector will get Rs 40,679 crore.
It is expected by Sahu that on the 2nd day of the summit more MoUs are likely to invest more than the amount invested in the first day.
Out of all investment, the investments announced by Reliance Group-Anil Ambani & Adani Group-Gautam Adani are considered to be one of the biggest investments. Today State
Adani Group has announced to invest Rs 80,000 crore in port, power generation and infrastructure & Reliance Group led by Anil Ambani has announced to invest Rs 50,000 crore in power & cement projects
Multinational Essar Group has announced to invest Rs 30,000 crore in the sectors of power & refinery.
Multinational Essar Group has announced to invest Rs 30,000 crore in the sectors of power & refinery.
Engineeing & construction company Larsen & Toubro has announced to invest Rs 15,000 crore infrastructure sector company Hindustan Construction Company (HCC) will invest Rs 12,000 crore & in investment & infrastructural projects & renewable energy.
Company related to farm equipment & software sector, Mahindra & Mahindra group has committed 6 MoUs with the state government investing Rs 3,000 crore in hospitality & real estate sectors.
Auto company General Motors also announced to invest Rs 450 crore to increase the efficiency of Halol plant from 85,000 units per year to 1,05,000 units per year.