State attracts MoUs worth over Rs 24,000 crore ahead of Vibrant Gujarat

Leading MoUs were those from chemical, electrical equipment and PSU majors like Kiri Industries, Meghmani Organics and Meghmani Finechem, Borosil Renewables, and Indian Oil

Photo: Shutterstock
Premium

Photo: Shutterstock

Vinay Umarji Ahmedabad
Ahead of the Vibrant Gujarat Global Summit (VGGS), the state has attracted investment commitments worth Rs 24,185 crore via memorandums of understanding (MoUs) inked by around 20 companies.

While the 10th edition of the flagship biennial investment-cum-trade summit will be held in January 2022, the state government has started attracting investment commitments leading up to the three-day event.

Among the leading MoUs were those from chemical, electrical equipment and public sector majors like Kiri Industries Limited, Meghmani Organics and Meghmani Finechem Limited, Borosil Renewables, Borosil Limited, KEI Industries and Indian Oil Corporation Limited (IOC). Together, they committed investments of more than Rs 8,500 crore in sectors like chemicals, renewables, electrical equipment and energy.

Also Read

Stocks to watch: HDFC Bank, Canara Bank, HAL, HCL Tech, Meghmani Finechem

This recently listed specialty chemicals has zoomed 144% in 28 trading days

Ami Organics' Rs 570 crore IPO kicks off: Should you apply?

KEI Industries gains 8%, hits new high on hopes of margin improvement

Tamil Nadu inks deals with 35 firms; to see over Rs 17,000 cr investment

Affordable housing segment offers Rs 45-trn investment opportunity: Report

Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil

Recovery tracker: Higher freight numbers, workplace visits on the rise

FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch

India's FY22 GDP projection upgraded to 9.3%-9.6% range: SBI Ecowrap

First Published: Nov 22 2021 | 6:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com