15 Lakh Crore Invested By MoUs In Gujarat

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 government has signed cumulatively 2,766 MoUs business domicile & companies.

  

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.

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.

Adani Group Announces Rs 80K Crore Investment In Gujarat

Reports from Vibrant Gujarat Summit 2011: On Wednesday, Gautam Adani chairman of Adani Group announced investment of Rs 80,000 crore in ports & power sector & infracstructure of Gujarat. While announcing the statements of investment, Gautam said, “On the occassion of Vibrant Gujarat-2011 we announce an investment of more than Rs 80,000 crore in port, power generation and infrastructure in Gujarat”.

He showed his interest in expanding ports of Mundra & Dahej. He also announced about the development of two new ports at Hazira & Dholera. By this he estimated that the rate of handling capacity to be increased by 200 million tonnes per annum by the year 2015.

Also in the field of power sector the group has specially made 2,000 MW plant at Mundra which will be extended to 2,600 MW by March 2012. They are expanding their roots by installing 3,300 MW at Bhadreshwar in Kutch, and 600 MW at Dahej and 4,000 MW at Dholera. With the help of these power plants Gujarat will cumulatively produce 15,000 MW by the year 2015.

For the purpose of increasing the efficiency of production, & infrastructure, development of LNG systems is being promoted with promoting railway lines and supporting facilities.

Announcing about the other projects he said, "Projects of more than Rs 35,000 crore for which we had signed MoUs at the time of Vibrant Gujarat Summit in 2007 and 2009 have been fructified."