World Bank on 12 January 2015 signed tripartite agreement with the Government of Gujarat and the Government of India for Gujarat’s smart cities initiatives and swachhta abhiyaan.
The agreement was signed on the sidelines of Vibrant Gujarat Summit being held in Gandhinagar. On the occasion, the State government released a special Vibrant Gujarat postal cover.
The Summit saw signing of around 21000 Memorandum of Understanding (MoUs) running into 25 lakh crore rupees.
Besides, 1225 strategic partnership agreements were signed at the Summit in the areas of skill development, defence, renewable energy and biodiversity.
The agreements will boost Gujarat’s inclusive development. They will restore confidence among investors about the investment climate in Gujarat and also help in furthering the Make in India campaign.
Gujarat Government would constitute high-level committees to monitor the progress of projects.
At the last Summit held in 2013, 17000 MoUs were signed with an investment of 12 lakh crore rupees.
Who: World Bank
When: 12 January 2015