Heaping praises on Gujarat Chief Minister Narendra Modi's leadership for not only driving industrial growth but also boosting rural development, India's industry bigwigs on Wednesday pledged to invest in excess of Rs 163,000 crore (Rs 1,630 billion) in the state. They had all gathered at the fifth edition of Vibrant Gujarat Summit 2011 (VGS) in Gandhinagar. Meanwhile, Adani Group chairman Gautam Adani announced Rs 80,000-crore (Rs 800 billion) investment in ports, power sector and infrastructure in Gujarat.
On the occasion of VGS they announced an investment of more than Rs 80,000 crore in port, power generation and infrastructure in Gujarat. While two new ports -- one each at Hazira and Dholera are being developed they are also expanding the existing ports at Mundra and Dahej. With this they have a goal to create 200 million tonnes per annum of port handling capacity by the year 2015.
In power generation while they have commissioned 2,000 MW at Mundra, additional 2,600 MW will be commissioned by March 2012. Further they are also building 3,300 MW at Bhadreshwar in Kutch, 600 MW at Dahej and 4,000 MW at Dholera SIR. As an integrated infrastructure conglomerate they are also developing LNG terminal, infrastructure parks, supporting railway lines and supporting facilities.
Projects of more than Rs 35,000 crore (Rs 350 billion) for which they had signed MoUs at the time of Vibrant Gujarat Summit in 2007 and 2009 have been fructified.
Anil Ambani’s his ADA Group will invest Rs 50,000 crore (Rs 500 billion) in Gujarat in the next 5-7 years on various projects as the firm looks to tap opportunities in the state. They are committing to invest Rs 50,000 crore in the state of Gujarat in gas-based and coal-based power projects in the next 5-7 years.
Essar Group will invest Rs 30,000 crore (Rs 300 billion) in Gujarat for projects in various sectors, including power and refinery. Essar has committed to invest in Gujarat Rs 30,000 crore in power, refinery, ports and water infrastructure. Essar Group is a major player in the port sector in Gujarat. Its ports and terminals business operates a crude oil and petroleum products terminal at Vadinar in the state.
Mahindra & Mahindra will invest Rs 3,000 crore (Rs 30 billion) in Gujarat to step up presence in the hospitality and real estate sectors in the state.
They have signed six MoUs with the Gujarat government totaling an investment of Rs 3,000 crore (Rs 30 billion. Mahindra Lifespaces, the real estate development arm of the $7.1-billion Mahindra Group, has signed two MoUs with the state government.
The Tata Group has signed an MoU with the Gujarat government to provide rural transportation.This will be in addition to the ongoing rural initiatives such as skills development activities, sanitation and water projects where the group is already a partner.
Mukesh Ambani-led Reliance Industries have signed a pact with Gujarat government to develop Pandit Deendayal Petroleum University into a top world class institute.
The leadership of Narendra Modi has proved that Gujarat is not only seeing industrial growth but is also witnessing rural development .
Source :Rediff Business
No comments:
Post a Comment