Virendra Pandit, Gandhinagar, October 20, 2008
The Hindu Business Line
Enthused by the recent success in bringing Tata Motors’ Nano car project to the State, the Gujarat Chief Minister, Narendra Modi, his ministerial colleagues, bureaucrats, industrialists and businessmen are planning to fan out to woo investors from across the globe in the next few weeks, leading to the “Vibrant Gujarat Global Investors’ Summit 2009.”
Scheduled to be held at Science City, Ahmedabad, on January 12 and 13 next year, the Confederation of Indian Industry (CII) is partnering the State Government for this biennial mega business event. As part of efforts to attract investments, a delegation led by the Minister of State for Industry and Petrochemicals, Saurabh Patel, will meet top industry leaders in Chennai on October 21 in which more than 150 people have been invited, including top corporate bodies, and heads of PSUs and MNCs. The delegation will brief the companies about the investment potential in the State and the competitive advantages that Gujarat offers to the investors.
Modi, who was scheduled to visit Kolkata later this month to attract more investors, had to, however, change his plans in view of the Assembly elections in five States, where he would be a star campaigner, sources said here on Saturday. He is also likely to visit Africa in December, even as a number of teams from Gujarat are preparing to leave for foreign shores after Diwali in a bid to attract investors.
The three Vibrant Gujarat Summits held so far since 2003 have attracted several industrial majors from Asia and Europe to implement their investment plans in Gujarat, ranked first by the RBI accounting for a share of 22 percent of total investment in India. The three events led to the signing of MoUs worth more than Rs 6 lakh crore, a significant part of which was converted into actual investment. A number of projects undertaken are in various stages of implementation.
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