Vibrant Gujarat Global Investors Summit Concluded

The fifth edition of the 2-day Vibrant Gujarat Global Investors Summit concluded on 13 January 2011 at Gandhinagar, state capital of Gujarat. The Vibrant Gujarat Summit, which aimed to facilitate investment alliances for the particpitaing countries, concluded with a record 7936 Memoranda of Understanding (MoUs). It is likely to generate 20.83 lakh crore of investment as well as jobs for 52 lakh people within Gujarat.  The 55% of investments are in small and medium sector. The Vibrant Gujarat Summit was participated by 29 countries which included Israel, Brazil and others  besides 12 foreign firms and tiop officials from 13 Indian states.

ESSAR group signed two MoUs with Gujarat state for developing Hazira port in south Gujarat at a cost of 4057 crore rupees and Salaya port in the Saurashtra region at a cost of 4043 crore rupees and another Mou to set up a desalination plant in Jamnagar at a cost of 3100 crore.

During the Vibrant Gujarat Summit, Ratan Tata announced investment in rural transport in addition to water supply and rural sanitation. This is likely to contribute significantly in the development of rural Gujarat.

During the 2-day Vibrant Gujarat Summit, companies from Gujarat signed MoUs with companies from other states to set up 30 projects in those states.

The last four editions of Vibrant Gujarat Global Investors Summit has been conducted biennially since 2003.