TIMES NOW's Editor-in-Chief Arnab Goswami debates the issue whether Gujarat chief minister Narendra Modi's 450 Billion dollar deal ensures an image makover, industry applauding and critics attacking the move with Vinod Sharma, Political Editor, 'Hindustan Times'; Saurabh Patel, Industries Minister, Gujarat; Mahesh Jethmalani, senior lawyer & Leader, BJP and Madhusudan Mistry, former MP, Congress.
20 lakh crore rupees in investments - that's the claim made by the Narendra Modi Govt as the Vibrant Gujarat summit comes to a close. That's nearly 30% of the GDP of India. Modi's detractors say it could be a tall claim, but one nevertheless they don't want to counter.
Gujarat CM Narendra Modi today said the state has been able to attract investments to the tune of Rs 20.83 lakh crore during the two-day long Vibrant Gujarat Summit. Speaking at the final session of the summit, Modi said as many as 7,936 MoUs were signed by the state government with several industrial houses to invest in the state.
On the first day of the summit, the state govt had said it got investment commitments totalling nearly Rs 15 lakh crore with 2,766 MoUs signed with business houses and companies.
Leading among those which announced mega investments in the state were Anil Ambani-led Reliance Group and Ahmedabad-based Adani Group. While Adani Group said it would invest Rs 80,000 crore in port, power generation and infrastructure, Anil Ambani-led Reliance Group said it would pump in Rs 50,000 crore in the state in the state in the next 5-7 years on various projects in power and cement. Similarly, conglomerate Essar Group said it will invest Rs 30,000 crore in Gujarat for projects in various sectors, including power and refinery.
Engineering and construction giant Larsen & Toubro also committed an investment of Rs 15,000 crore in Gujarat on infrastructure projects, while infrastructure major Hindustan Construction Company (HCC) also said it will invest Rs 12,000 crore to develop a renewable energy park in the state. Farm equipment-to-software group Mahindra & Mahindra also signed six MoUs with the state government to invest Rs 3,000 crore to step up presence in the hospitality and real estate sectors in the state. Auto maker General Motors also said it is investing USD 100 million (Rs 450 crore) to enhance production capacity at its Halol plant to 1,05,000 units annually from 85,000 units per year at present.
According to Gujarat Principal Secretary for Industries and Mines M Sahu, major sectors which attracted investments are power, special investment regions, mineral-based industries, banks and financial institutions and oil and gas.
No comments:
Post a Comment