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US became partner for Vibrant Gujarat Global Investor Summit 2015

Nov 5, 2014 09:11 IST

The United States (US) on 3 November 2014 became the partner country for Vibrant Gujarat Global Investor Summit 2015.

US will be the eighth country to partner the event. Other partner countries include UK, Netherlands, Canada, Australia, Singapore, South Africa and Japan. The members of US India Business Counsil (USBIC) and CEOs of Fortune 500 companies will also be taking part.



Background
So far, US refrained itself from previous sessions of this biennial business event as it had banned the Visa of former Gujarat Chief Minister Narendra Modi in 2005 for alleged violation of religious rights during 2002 communal riots.

Soon after Prime Minister Narendra Modi visit in United States in September 2014, the US government sent a proposal to Gujarat government showing interest in becoming partner country for the Gujarat Global Investor Summit  which will be inaugurated on 11 January 2015 at Gandhinagar.

Vibrant Gujarat Global Investors Summit  (VGGIS)

  • Vibrant Gujarat Global Investors Summit (VGGIS) is a biennial summit organized by Gujarat state government in India to attract foreign investment for development of Gujarat.
  • The Summit is based on the theme Gujarat Going Global and is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers.
  • First VGGSIS was held in 2003 where 76 MOUs were signed worth 14 billion US dollars. About 125 foreign delegates, 200 Non-Resident Indians, 200 leading dignitaries and other participants from about 45 countries participated in the event.
  • The Vibrant Gujarat Global Investors Summit 2013 witnessed participation from nearly 121 countries with over 2100 foreign delegates and around 58000 Indian delegates. Japan and Canada were the Partner Countries for the summit.

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