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.