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  1. Vibrant Gujarat Summit: In two days, 21,000 letters of intent worth Rs 25 lakh crore signed

Vibrant Gujarat Summit: In two days, 21,000 letters of intent worth Rs 25 lakh crore signed

A whopping 21,000 Letters of Intent (LoI) worth an astronomical Rs 25 lakh crore were signed during Vibrant Gujarat Global Investors...

By: | Gandhinagar | Published: January 13, 2015 12:55 AM
Vibrant Gujarat Summit, Gautam Adani, Wipro

Gautam Adani, chairman of Adani Group, with CEO of London-based
Rio Tinto Group at Vibrant Gujarat summit in Gandhinagar.

A whopping 21,000 Letters of Intent (LoI) worth an astronomical Rs 25 lakh crore were signed during Vibrant Gujarat Global Investors’ Summit. Along with this, 1,225 strategic partnership agreements were signed during the summit, which saw participation of over 25,000 delegates from 110 countries, said Gujarat CM Anandi Patel at the valedictory address held in Gandhinagar on Monday.

“The Gujarat government has signed an agreement with the UN for sustainable energy and a tripartite agreement with the Government of India and World Bank, which will also contribute to the Clean India campaign. While the world is under economic instability, Vibrant Gujarat provides a platform to bring the global economy out of depression. Vibrant Gujarat has taken Gujarat to newer heights and now it is time to take the same platform nationally. The government of India is trying to bring ease of business by bringing in reforms and stable policies,” said Patel.
Union home minister Rajnath Singh too congratulated Gujarat on being a business friendly state. “Gujarat is a land of opportunities. There is something in the soil and water of Gujarat that brings miracles,” he said.

He lauded the efforts of the state government towards the successful conclusion of the seventh edition of the summit.

Ahmedabad-based Adani Group’s chairman said: “This summit is more than an investment summit. It has morphed into a platform to raise, discuss and find solutions to global problems. Adani Group is looking at investing Rs 20,000 crore in Gujarat over the next five years to add 100 million tonne capacity at the ports.”

Others who waxed eloquent on the Gujarat model of development included Cyrus Mistry, chairman Tata Group, and Rana Kapoor of Yes Bank, who pledged an infusion of Rs 7,500 crore into Gujarat and over 100 branches over the next two years.

The summit also got thumping mandates from partner countries like Canada and the US.

 

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