Reliance Industries chairman Mukesh Ambani in his address at the Vibrant Gujarat Summit hailed Gujarat chief minister as as a leader with "grand vision."
In a bid to give a fillip to technological development in the state, the Government of Gujarat along with 400 strong Pan-IIT Gujarat Alumni Association will be organising 'IIT Conclave: Technology and Development in Gujarat' on January 11, 2011 as a part of the Vibrant Gujarat Global Investors' Summit (VGGIS) 2011.
The policy aims at attracting quality investments, increasing employment opportunities in the state, develpoing special investment regions, encouraging public private partnership model, setting up of mega projects and core infrstructure projects, said minister of state for industry Saurabh Patel, who released the policy in Ahmedabad. The first objective of the policy is to attract investments in the areas of SIRs, PPP projects, mega projects, innovative projects etc.
Dept seeks details of companies that signed Rs 1,000-cr MoUs.
The Ambani brothers, Mukesh and Anil, will share dais at Vibrant Gujarat Global Investors' Summit (VGGIS) beginning in Ahmedabad on January 12.
Three parliamentarians from UK, vice president of Uganda Gilbert Balibaseka Bukenya, besides a parliamentarian and senator from Canada will be among the dignitaries attending the summit. The endorsement of VGGIS-09 by the House of Commons of UK, has been a major boost to Modi's government, which is expected to highlight brand Gujarat during the event.
Nothing seems to dampen the spirit of Gujarat's textile industry when it comes to investments. Inspite of the issues arising due to rising input costs, the state government is expecting to witness MoUs worth Rs 10,000 crore (Rs 100 billion) in textile sector at the Vibrant Gujarat Global Investor's Summit 2009. During the summit, the state government will be luring several textile machinery manufacturers from overseas to set up base in the state.
And the response it received was tremendous: About 7,200 memoranda of understanding, worth Rs 7,000 crore (Rs 70 billion), have been signed. The MoUs aim to generate more than 2,80,000 jobs in Gujarat. What's more, four major banks, including State Bank of India and Commonwealth Microfinance India from the UK, signed MoUs worth Rs 60,000 crore (Rs 600 billion) with the Gujarat government to support the SME sector.
Maytas Properties and Maytas Infra are promoted by Raju's family and have interests in realty and construction. Noting that there is no problem with the Maytas accounts, Bhatt said all the exposure are collateralised and accounts are regular.
Meanwhile, pre-construction work has begun at the Nano plant site in Sanand near Ahmedabad. Spread across an area of 1,100 acres of land, the plant will bear an investment of Rs 2,000 crore (Rs 20 billion).
While the exact investment for the project, which is likely to come up in Jamnagar is not known, senior government officials say the company is looking to ink an agreement during the upcoming Vibrant Gujarat Global Investors Summit, to be held in January next year.
His statement comes in the wake of a Supreme Court order halting divestment in two oil PSUs.
The Gujarat government bagged a total investment of Rs 2,05,000 crore.
Though the agro and food processing sector has been a priority for the state government, it failed to attract significant overseas investments at the recently concluded Vibrant Gujarat Global Investors' Summit-2007
Interestingly, the full service carrier's launch coincides with the concluding day of the the Pravasi Bharatiya Divas celebrations scheduled to be held in Gujarat's capital city Gandhinagar, near Ahmedabad, from January 7 to January 9.
Proposed investment dip 33% from Rs 1.42 lakh crore (Rs 1.42 trillion) in 2011 to Rs 94,259 crore (Rs 942.59 billion) in 2013
As the nation woke up to images of Prime Minister Narendra Modi splashed across the front page of newspapers by Reliance Industries to announce the launch of its 4G services, Shiv Sena's Member of Parliament from South Mumbai, Arvind Sawant, was not impressed.
In a midnight operation in the high seas, a Pakistani fishing boat said to be carrying explosives was intercepted by the Indian Coast Guard off the coast of Gujarat, but the vessel exploded and caught fire before sinking along with 4 occupants.
Domestic and foreign companies pour in a slew of investments in Gujarat.
Real estate developers are banking high on ultra-luxury projects.
The 2015 World Bank group's Doing Business index ranked India at 142, down from 140, which it was the year before.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
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