Vibrant Gujarat more show than substance

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Jyotsna Bhatnagar, Rishi Raj: Gandhinagar, Jan 12 2013, 01:23 IST

Ambani was followed by the vice-chairman and managing director of Mahindra & Mahindra, Anand Mahindra, who wondered what made Gujarat such an attractive state for business and said it was perhaps its soil and good food and also because the people of the state were not afraid of failure in business. Hailing Modi’s model, he said that just as today the China model is being talked about, soon a day would come when the Gujarat model would become the buzzword.

Mukesh Ambani, while stating that the summit has been growing from strength to strength and he has never missed it, said that Reliance Industries has so far invested Rs 1 lakh crore in the state and would invest the same in the next three years. He also talked about investing Rs 500 crore in expanding the facilities of the Pandit Deen Dayal Petroleum University in the state but this investment would be shared with the state government.

On his part, Ruia said that the Essar Group has so far invested Rs 88,000 crore in the state and would invest another Rs 15,000 crore in ports and water supply in the state, but did not give a time frame.

Among notable absentees were Cyrus Mistry, who in end-December took over as the Tata Group chairman, Bharti Airtel chairman and managing director Sunil Mittal and AV Birla Group chairman Kumar Mangalam Birla. Though Hero MotoCorp managing director Pawan Munjal was present on the dais, he was not called upon to address the audience.

Maruti Suzuki chairman

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