Corporate who's who to attend Vibrant Gujarat Summit
Maulik Pathak / Ahmedabad Jan 12, 2009, 00:55 IST
Undeterred by the global slowdown, the Gujarat government is all set to lay the red carpet for this year’s Vibrant Gujarat Global Investors Summit.
The two-day summit, scheduled to be held in Ahmedabad on Monday and Tuesday, will see participation from the bigwigs of Indian industry, besides representatives from a whopping 40 countries. Japan is the partner country for this year’s summit.
MoUs worth a whopping Rs 7,00,000 crore are expected to be signed by the state government during the summit.
Tata’s small car, Nano, will be a major attraction at the event, being displayed for the second time after the auto show in Delhi last year.
The business bigwigs attending the summit include, Mukesh Ambani, Anil Ambani, Sunil Mittal, Ratan Tata, Kumarmanglam Birla and K V Kamath.
Delegations from car companies Nissan, Hyundai and Audi are also expected at the summit. “While Nissan and Hyundai have assured the state that their next expansion projects will be based in Gujarat, Audi is exploring the possibility closely,” said a government official familiar with the development.
Major investments likely to be committed at the summit include Hindustan Construction Company (Rs 40,000 crore for a town project), Singapore-based Universal Success Enterprises Ltd (about Rs 85,000 crore in a port, power and SEZ project), Hotmail founder Sabeer Bhatia (Rs 30,000 crore for a ‘Nanocity’ in Kutch), EMPI group (Rs 13,000 crore for an innovation SEZ at Valsad), UK-based Hindustan Semiconductor Corporation Ltd (Rs 30,000 crore for a Fab City project), Sandesara group (Rs 30,000 crore for a power SEZ, aircraft MRO and expansion of Sterling SEZ) and Claris Lifesciences promoter Sushil Handa (Rs 28,000 for various projects including multi-product SEZ and wind energy project).
The SME sector, on which the state government wants to lay a special emphasis, is likely to see 2,500-3,000 MoUs, drawing investment of about Rs 40,000 crore.
SEZs will also be a focus area of the summit, drawing about Rs 70,000 crore investments, taking the state’s total from 60 to about 72-73 SEZs with players like Siyaram Poddar group and Kalpataru group aiming to invest in the sector.
Ports and port-led development will see investment to the tune of about Rs 70,000 crore with companies, including GVK, Port of Rotterdam and Shapoorji Pallonji, aiming to drop an anchor on Gujarat’s coast. Shipyards are expected to draw about Rs 10,000 crore investment from 10 new projects.
The energy sector will see maximum number of investment — to the tune of about Rs 3-3.5 lakh crore, said government sources.
The renewable energy sector will see investments to the tune of Rs 80,000 crore from companies including US-based AES Corporation (for setting up a $1-billion solar project) and Suzlon (Rs 10,000 crore in wind energy).
“Tourism, health and pharma will draw Rs 1 lakh crore investment,” said a senior government official.
Cement sector is expected to draw MoUs of about Rs 45,000 crore from companies like ADAG and Birla group. While ADAG is aiming to set up three units at an investment of Rs 7,000 crore, Ultratech will pump in Rs 3,500 crore for a cement project near Bhavanagar.
i AM VERY MUCH IMPRESSED BY gUJARAT GOVT &OUR CHIEF MINISTER WHO HAS ARRANGE EXCELLENT SUMMIT 2009 IN THIS TIME WHEN ALL OVER WORLD PASSING THROUGH RECESSATION
CONGRATULATION TO SHRI NARENDRA MODI.
J L TRIVEDI
Yesterday I attended Summit, I always proud to be an Indian but now I proud to be a GujIndian............and for this honour I thankfull to prevailing Government of Shri Modiji.
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Undeterred by the global slowdown, the Gujarat government is all set to lay the red carpet for this year’s Vibrant Gujarat Global Investors Summit.
