Tuesday, January 16, 2007

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."

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