Tuesday, January 16, 2007

“It`s stupid if you are not in Gujarat: Ratan Tata“ --- HELLO TEESTA

Rs.2 trillion investments promised at Gujarat expo – A World Record!!

“It`s stupid if you are not in Gujarat: Ratan Tata“

In his key-note address, ICICI Bank chief K. V. Kamath praised Modi's 'pro-active' role in guiding the state's economy. More like a CEO'. He said, however, that it was necessary to concentrate on the rural areas in augmenting human resources like education and health at the same level as the economy if the country was to achieve balanced growth.

Announcements of big ticket deals were made in rapid succession at the Vibrant Gujarat Global Investors' Summit 2007 by top India Inc honchos, right from Tata group's Ratan Tata to ICICI Bank's KV Kamath, Essar group's Shashi Ruia, A V Birla group's Kumar Mangalam Birla, Adani group's Gautam Adani and Torrent group's Sudhir Mehta

By end of the day one of two-day meet, the state had inked a mind-boggling 104 MoUs worth Rs 2,51,967 crore across sectors like oil and gas, power, chemicals and petrochemicals, ports and SEZs.

Leading the race were the centre pieces of Gujarat's future development — SEZs with investments worth Rs 1,42,685 crore (26 MoUs) followed by power sector with Rs 55,139 crore (11 MoUs), oil and gas with Rs 19,488 crore (19 MoUs), chemicals and petrochemicals with Rs 14,416 crore (26 MoUs), ports with Rs 10,474 crore (10 MoUs), urban development with Rs 6985 crore, railway projects at Rs 400 crore and others at Rs 2380 crore.

· Reliance Industries Ltd chief Mukesh Ambani announced an investment of Rs 67,000 crore in the Jamnagar SEZ.

· Kumaramangalam Birla of AV Birla group said his company would like to invest Rs 200 crore in a Rayon plant in Veraval, Rs 100 crore in a cement plant, Rs 800 crore in Wiscose and Textiles Application Centre and Rs 1,000 in a fibre plant.

· Shashi Ruia of Essar announced an investment of Rs 10,500 crore for the expansion of their Hazira refinery.

· While state-run ONGC announced an investment of Rs 16,000 crore for a petro-complex at Dahej, another PSU Bharat Petroleum Corporation Ltd (BPCL) has decided to invest Rs 1,700 crore for crude terminal and pipeline network.

· The Adani group said it will pump in Rs 25,000 crore in ports and SEZs while Torrent Industries, which supplies power to Ahmedabad, will invest Rs 9,000 crore in a coal-based project at Pipavav.

· Zydus Cadila announced a Rs 5,300 crore expansion plan for other facilities while Dishman Pharma would bring in Rs 2,000 crore in engineering projects.

· The Welspun Group announced an investment of Rs 3,000 crore toward the expansion of its existing facility at Kutch .

Evidently, it was Gujarati pride on its best display when Ambani thundered: "Reliance is a Gujarati company. It is an Indian company and it is a global company. That is how it was conceived by my father Shri Dhirubhai Ambani."

The two day Vibrant Gujarat Global Investors’ Summit has brought promises of investment of over 100 billion US dollars. Announcing this, Chief Minister Narendra Modi said that the investment has brought many new national and global players from different sectors.

The summit third in a row has aroused great interest in captains of industries and as a result the investment promise this time is four times Modi could bring in previous summit in 2005. The state will generate employment for 12 lakh people through 330 projects involving 308 MoUs in the 2007 summit.

Modi said that three distinct trends emerged in the investment pattern of summit 2007 which has laid a strong foundation for a Gujarat that will lead India as its growth engine. The most important is the fact that maximum investment has come in the infrastructure sector.

This investment will become a facilitator for the future investment in the state. The better infrastructural facilities will work as a magnet to attract more money.

The second most important aspect is that majority of the projects are in manufacturing and engineering sector which has great employment generation opportunity.

To enable the people of Gujarat to use these employment opportunities the government has received as many as 15 proposals for human resource development during the summit. Modi said that this includes two marine engineering colleges, interest for investment in more than 100 ITIs.

He said that the summit has succeeded in giving right message to people to have faith in investment in the state.

Maximum number of MoUs in all 66 have been signed in the agro and food processing sector. This involves investment of 11,560 crore with employment to 80,000 people. This is followed by engineering, auto and ceramics sectors where 35 MoUs have been signed to bring in investment of Rs. 12757 crore and jobs to 38490 people.

In terms of investment and employment potential the biggest is the special economic zones. Proposals of investment of Rs. 170688 crore were made which will generate 605640 employment opportunities.

Narendra Modi's Gujrath Investment

Narendra Modi's Gujrath Investment

Sandeep Joshi
AHMEDABAD: Gujarat Chief Minister Narendra Modi on Friday succeeded in attracting invest- ments worth over Rs.2.5 lakh crore at the 'Vibrant Gujarat — Global Investors Meet' here, where top industry and busi- ness leaders praised his role in
creating a perfect business en- vironment. The investments included Rs.1.43 lakh crore in 26 Special Economic Zone projects. A total of 104 Memorandums of Understanding (MoUs) were signed on the inaugural day of
the two-day summit, involving leading business houses —Re- liance Industries
Limited (RIL), the Aditya Birla Group, the Tata Group, the Essar Group, the Torrent Group, the Adani Group, Zydus Cadila and Wockhardt.

While 11 MoUs worth Rs.55,139 crore were signed in the power sector, 10 were inked
for oil and natural gas projects targeting investments of over Rs.19,488 crore. Similarly, 26 MoUs worth Rs.14,416 crore were signed in the chemical sector, and Rs.10,474 crore was committed to ports develop- ment. All these investments are
likely to generate over 6.5 lakh jobs in the next two or three years.
Welcoming delegates, Mr. Modi said "Gujarat is going to be the main engine for the na- tion to achieve double-digit growth. We are showing the path to investment to the entire nation."

Friday, January 12, 2007

Mukesh Ambani's speech at Vibrant Gujarat

January 12, 2007

Shri Mukesh Ambani's speech at Vibrant Gujarat, Ahmedabad: I am delighted to be here at the 3rd Vibrant Gujarat – Global Investor Summit 2007.This is a hat trick for me.

I was present in the earlier two events as well – in 2003 and 2005. I would like to express my sincere appreciation to Shri Narendrabhai and his Government for building on the momentum gained over the previous two events. This event is now broader based in terms of participation.

It is a reflection of the accelerated growth of the state. Gujarat is blessed to have a talented and committed team of administrators who are passionate about sustaining our State’s pre-eminent position. The event of ‘Vibrant Gujarat’ is an example of their foresight.

Many of the State’s dedicated administrators are with us here at this event. I compliment them for Gujarat’s growing exemplary achievements. In Shri Narendrabhai, we have a leader with a grand vision and the determination to translate his vision into reality.The vision and determination of strengthening Gujarat’s position as the leader amongst all states in the country.

He has an amazing clarity or purpose coupled with determination. He combines his strong Gujarat ethos with a modern outlook. Under your leadership there is new found confidence in Gujarat. I am convinced that his dynamism and passion would help Gujarat earn a place of pride in India and in the world.

Under his leadership, the State has been able to manage a scorching pace of development, duly reflected in the SDP numbers. Gujarat is now a revenue-surplus state from being a revenue deficit state five years ago. Gujarat has about 5 % of India’s population and 6 % of the geographical area. Gujarat today accounts for over 16% of country’s investments and 10% of the expenditure.

Monday, January 08, 2007

'Forget Gulf, Gujarat will produce oil' : Narendra modi

'Forget Gulf, Gujarat will produce oil' : Narendra modi

NEW DELHI: Pravasi Bharatiya Divas' favourite pin-up boy was back on Monday. On day two of the January jamboree, Gujarat Chief Minister Narendra Modi was at his aggressive best as he marketed Gujarat as one of the country's fastest growing states and urged overseas Indians to come and spend quality time there.

"Come and see Gujarat. You don't have to invest. Just come, experience and feel Gujarat. Investment is secondary and voluntary. If you want to pool in resources, do go ahead. But first, come and see Gujarat," Modi said, while reaching out to a gathering of almost 100 Gujaratis who had come from different parts of the world to attend the three-day event.

Armed with a slick multi-media presentation that showcased the Gujarat growth story, the Chief Minister seemed to have done his homework well. Boasting of a growth rate of 10.2%, which was higher than the growth rate projected by the Planning Commission for the country itself, Modi stated that every nook and corner of the state was a learning experience for the rest of the country.

Shedding historical baggage of a state that saw terrible famines every decade, the BJP leader said that the state had moved on. It had been able to court success as it had not followed an unplanned growth, he said.

"Gujarat's much-talked-about growth has been courtesy a well-planned strategy, and it has not been limited to the cities only. In order to stop the influx to the cities, we have tried to provide basic city-like infrastructure, like electricity," said Modi, proudly stating that the Jyoti Gram Yojna had lit up thousands of villages across the state.

Modi, who was on first-name basis with most of the assembled delegates (he remembered all the Desai, Babulals and Wadhwanis), said the state is now aiming for complete self-reliance. With two LNG terminals and two petroleum refineries, it was "sitting on a gold mine as far as petroleum is concerned".

" Khari ka tel nahin, vari ka tel (no oil from the Gulf, but oil from the well). Buses, cars, autos in Gujarat will run on oil produced by the state," Modi said to thunderous applause from the community.

Monday, January 01, 2007

Modi did it again : Sardar Sarovar dam will supply drinking water to millions

India finishes controversial dam

Building work began in 1987

India has completed construction of a controversial dam on the Narmada river, nearly two decades after it launched the project.
Authorities say the Sardar Sarovar dam will supply drinking water to millions of people in four states, as well as fulfilling irrigation and power needs.

But critics say the project has displaced at least 35,000 people who lived in the dam area.

Work began on the 1,250m-long and 122m-high dam in 1987.

But the project ran into long delays, legal disputes and protests.

"India has taken a leap ahead," chief minister of the western state of Gujarat, Narendra Modi, told a gathering to mark the completion of the project, news agency Press Trust of India [PTI] reported.

"The dam will change the future of the country and Gujarat will benefit from it."

Mr Modi said a ceremony would be held later in the month to dedicate the dam to the people of the four states - Rajasthan, Gujarat, Madhya Pradesh and Maharashtra - which will benefit from the project.

Authorities in Gujarat say the dam will bring crucial water to its parched Saurashtra and Kutch regions.

Experts said there would be no further construction on the dam's structure over its current height.

Last year, the Supreme Court refused to stop the height of the dam from being raised, as demanded by campaigners.

Activists of the Save Narmada Movement, who have been leading the protests, say the state governments have failed to provide adequate relief and compensation to those displaced by the dam.