Skip to main content

Vibrant Gujarat - The next big thing !

Vibrant Gujarat event marks the transformation of Gujarat as the next big thing to hit India Inc. The event has been a thumping success, not just for Gujarat but also for the entire country. In just two days, Gujarat signed record investments of a record Rs 12,00,000 crore(Yes ! 12 Lakh Crore !) of investments to the state. Vibrant Gujarat closed yesterday and it was announced that a total of 8,500 MoUs had been signed and the investment amount was somewhere above Rs 7,50,000 crore.

Heavy-weights from the industry like Tata’s, Birla, L&T, HCC, Mukesh Ambani of Reliance, Anil Ambani of ADAG,Sunil Mittal of Bharti Enterprises, Gautam Adani of Adani Group, Pankaj Patel of Zydus and Sudhir Mehta of Torrent were among some of the industrialists present at the concluding ceremony of the event which saw the participation of more than 600 delegates from 45 countries.

It also shows how a State can actually drive the economy, without depending on stimulus packages from the Central Government. What corporate India needs is an able leader and the CEO leader has been found in Narendra Modi. Little surprise then that India Inc is now rooting for Modi as the Prime Minister of the nation.

Major MoUs signed include:

Adani group: Rs.27,000 crores, to develop SEZs, power plant, power transmission network and education.
Cellular Operators Association of India: Rs 20,000 crore to be invested by the cellular industry.
Welspun:Rs 4,500 crore for expansion of the current facilities.
Gujarat NRE Coke: Investment to the tune of Rs 3,000 crore..
HCC: Rs 40,000 crore in tourism and hospitality.
Suzlon: Rs 9,000 crore hi-tech SEZ for solar power.
SBI: Rs 30,000 crore private equity fund for SMEs and setting up 45 branches in the state.
Birla: Rs 20,000 crore for fibre and telephony in the next three years.
Sterling Biotech: Rs 6,000 crore in SEZ, power, university and an airport.
Labels:

Comments

  1. AnonymousJanuary 15, 2009

    yea,Mr Modi has made people all over the nation to look up at him.....Other states should also take inspiration from Gujarat and facilitate the industrial growth.

    ReplyDelete
  2. rnJanuary 15, 2009

    Yes, Mr.Karthik, as u said India needs more CMs like Mr. Modi

    ReplyDelete
  3. AnonymousApril 28, 2009

    It would interesting to see your analysis on how much of this annoucement is getting implemented. most recently Infosys' Murthy said we are nation of talkers and not doers. I bet you, two years ago similar huge sums of money were proclamied to be invested! Can we go back and really check how much was actually put on ground? There are all publicity stunts! Investments are just a per normal market scenarios. Don't look at few nano plants. they hardly employ few thousands. I am talking about those 12lac crore?

    ReplyDelete

Post a Comment

Popular posts from this blog

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:



Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

…
2 comments
Read more

What is Gold ETF - Gold Bees, Reliance Gold,Kotak Gold

What is Gold Bees or Gold ETF?

Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in standard gold bullion (0.995 purity). The investors' holding will be denoted in units, which will be listed on a stock exchange.They provide returns that would closely track the returns from physical gold in the spot market.

An investor can buy and redeem the units either directly from the mutual fund or from the stock exchange.Presently there are many Gold ETFs traded in NSE India. Some of the listed Gold ETFs are GoldBees,Reliance Gold,Kotak Gold,UTI Goldshare



Why choose Gold?
Gold holds its own in any investment evaluation on its strengths as a hedge against inflation, value in the event of political uncertainties and its traditionally negative co-relation with other asset classes such as stocks, fixed income securities and commodities.

The value of goods and services that gold can buy has remained stable unlike currencies that have seen significant…
54 comments
Read more

What is NIFTY BEES - ETF?

NIFTY BEES - is the first ETF (Exchange Traded Fund) in India, which seeks to provide investment returns that closely correspond to the total returns of securities as represented by the S&P CNX Nifty Index. It gives you the most diversified exposure at lowest possible unit size. Approximately value of Nifty bees will be 1/10th value of the prevailing Nifty price.

ETFs are one of the latest financial innovations and any new concept takes time to be known widely. Globally it took more then five to seven years before it could be of any significant size. In India, it was introduced with Rs 21 crore in size , a fraction of the mutual fund industry, it has come far with more than Rs 700 crore in size with six ETFs.




The Nifty BeES also scores over other index funds due to its low tracking error and expense ratio, apart from easier tradeability as it is listed in the NSE. One can also consider doing an SIP in Nifty BeES.

Some of the reasons to invest in Nifty Bees : Investing in Exchange …
45 comments
Read more