Gujarat to host global investors summit from Sept 28

In a bid to attract foreign investment, Gujarat will host a three-day global investors summit in Ahmedabad from September 28 to showcase its industrial capabilities.

Announcing this at a press conference in London on Monday, Gujarat chief minister Narendra Modi said the summit would bring together the local and global companies, government agencies and financial institutions and highlight the investment possibilities in the state.

"We will turn red tape into red carpet. The idea is to combine commerce and culture, trade and tradition, entrepreneurship and entertainment," said Modi, who is here to scout for business investors for the state.

The international mega convention would be the first of its kind, presenting the enormous investment opportunities available in Gujarat to the global corporate world, he said. 

While the London Chamber of Commerce has agreed to participate in the Vibrant Gujarat Conference, about 500 delegates from Europe would attend it, he said.

The government was also committed to promote tourism during the Navaratri festival, the largest dance festival of the world commencing from September 25 to October 5.   

"Navratri will be a turning point for Gujarat and the country," he said.

Asked about the extent of NRI investment he expected, the chief minister quipped: "Sky is the limit."

He said the government has identified 133 projects and planned to develop 72 clusters.