Issue white paper on MoUs signed at Vibrant Summit: Vaghela

The Gujarat Congress demanded here today that the Gujarat state government must issue a white paper on the Memoranda of Understanding (MoU) inked during the Vibrant Gujarat Global Summit-2015.
"He (Prime Minister Narendra Modi) talks about 'Make In India'. This Vibrant Gujarat Summit is nothing but a make-up for Gujarat and for that this extravaganza was organised. Under the layers of such bright make up, he tries to hide the ugly face of poor governance," Leader of Opposition (LOP) Shankarsinh Vaghela said.
"We demand that the Gujarat government issue a white paper on MoUs signed during the Vibrant Gujarat Summit. The Gujarat government claims to have inked 21,000 MoUs worth Rs 25 lakh crore. So we demand a break-up of those MoUs elaborating details of sectors in which proposed investments will be made," Vaghela said.

Vaghela demanded that the Gujarat government must make a provision to take ten per cent of the signed amount in an MoU as deposit from investers, while investors must also declare their intention to invest on stamp paper.
The Gujarat government also must fix a time limit for industrial houses to implement projects, Vaghela demanded.
He said that the Gujarat state government must issue a progress report every six months divulging details of investments due to the MoUs signed.
Meanwhile, Gujarat Pradesh Congress Committee (GPCC) President Arjun Modhwadia said here today that only 9.14 per cent of actual investments had taken place out of MoUs signed during earlier such summits.

"Only 9.14 per cent of actual investments were made in Gujarat as against MoUs signed during Vibrant Gujarat Summits from 2003 to 2011, whereas the figures of 2013 have still not been released because the then Gujarat Chief Minister Narendra Modi did not reveal those figures," Modhwadia said.