PM Modi to inaugurate 7th Vibrant Gujarat Global Investors Summit today

Prime Minster Narendra Modi will inaugurate the 7th Vibrant Gujarat Global Investors Summit at Mahatma Mandir in Gandhinagar here on Sunday.

The Prime Minster reached Ahmedabad on Saturday evening on his two day short visit of Gujarat in connection with Vibrant Gujarat Global Investors Summit.

The Vibrant Gujarat Summit (VGS) 2013 is being held at Mahatma Mandir in Gandhinagar.

Around 50,000 delegates from India and 1,800 others from 105 countries are said to be participating in it.

There will also be meetings between businesses and government representatives.

However, according to sources, Modi and India Inc. are unlikely to make major investment proposals during the summit.

Since the last summit, the state government has shifted focus from inviting investment commitments to forging knowledge-based strategic partnerships.

Since 2011, Modi has said that the government has started emphasising the need for youth development, increasing of skills and creating job opportunities, creating more women entrepreneurs and giving a boost to sunrise sectors such as green energy.

In the seven years through March 2011, Gujarat's economy grew at an annual rate of 10.08 per cent at constant prices, against 6.45 per cent in the eight years through March 2002.