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Gujarat minister woos US, NRI investors

August 13, 2003 13:05 IST

Inviting Americans and Non-Resident Indians to invest in Gujarat, the state's Minister for Industry and Mines Anilbhai Patel said the region is poised to take major strides in industrial, agricultural and infrastructure fields.

"Gujarat presents the most conducive atmosphere for investment in the country," Patel said, addressing a meeting of investors in New York.

He promised them all facilities for their ventures.

Gujarat, he said, had always been in the forefront in the country's development and that was the reason why the Indian government had given the state a target of 10 per cent growth rate over the next couple of years, while it is expecting an overall rate of 8 per cent for the country as a whole.

A visual presentation of the possibilities of investments in Gujarat, showing various aspects of life in Gujarat, including cultural, the existing industries and the future potential, was also given at the meeting.

Welcoming the minister, Consul General Pramathesh Rath spoke about the success obtained by the 'vibrant' Gujarati community in the United States and said it is looking for ways to help India in its development.

Two community leaders H K Shah and Sudhir Parikh assured Patel that the community was ready to help in all possible ways to develop the state and help it attain 10 per cent growth rate.

Patel invited entrepreneurs to theĀ Global Investors' Meet that it plans to hold during the Navratri festival from Sept 25 to Oct 5.

He said the state is seeking investment in all fields, including industry, infrastructure, agriculture, biotechnology and information technology.

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