Industry Bigwigs commit Rs 28K crore at Vibrant Gujarat-13
/ 0
- Current News
- Saturday, 12 January 2013 01:02
- Published on Saturday, 12 January 2013 15:02
- Hits: 458
Gujarat Global News Network, Gandhinagar
The sixth edition of the Vibrant Gujarat got off to a great start with industry bigwigs like Essar, ABG Shipyard, Adani etc pledging investments of around Rs 28,000 crore on the first day.
In a departure from the normal trend at Vibrant Summits, investments announced on the first day of the three-day event are almost all commitments, not proposal in the form of an MoU, which does not always translate into actual investments.
In his inaugural speech at the event, Gujarat chief minister Narendra Modi said: "I reiterate that this event is not just about investments, its not just about projects which give financial returns.”
The event this year is bigger than its previous editions with around 67,000 delegates participating in the event. Shashi Ruia, Chairman of Essar Group said that the company will make a fresh investment of Rs 14,000 crore in the state's port sector and water supply projects.
Adanis also committed Rs 5,000 crore investment in the existing areas of operations. Country's largest private shipbuilder ABG Shipyard also plans to invest Rs 7,000 crore in Gujarat for setting up a new facility as well as augmenting capacity at two existing units in the state.
Mukesh Ambani-led Reliance Industries also committed further investment of Rs 500 crore in Pandit Dindayal Upadhayay Petroleum University.
For News in Hindi, see our Hindi daily Chaupal Chronicle
