![]() Financial Daily from THE HINDU group of publications Saturday, Sep 20, 2003 |
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Industry & Economy
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Events Gujarat gets into the act; calls global investors' meet Our Bureau
New Delhi , Sept. 19 PUTTING behind the bad memories of the past few years, Gujarat wants to re-emerge as the choice destination for investors in India. In order to combine the spirit of fun and the spirit of enterprise, the State Government, with the co-operation of United Nation Industrial Development Organisation (UNIDO), Union Government, FICCI and Industrial Extension Bureau, the industrial promotion arm of its own, is organising `Vibrant Gujarat: Global investors summit', a series of international and business conventions and seminars. The three-day summit will be held in Ahmedabad from September 28. The convention will have sector sessions on industrial investments, agro processing, biotech and pharmaceutical, natural gas and oil, infrastructure, mining and tourism. The summit will hold concurrent sessions on focus sectors simultaneously with the exhibition. According to a Gujarat Government official, the summit is aimed at providing the right platform for technology transfer, joint ventures, trade pacts and one-to-one meetings between Gujarat-based companies and foreign players. "On the shelf will be more than 150 project proposals in the focus sectors. In fact, the presence of all related functionaries of various focus sectors at the same forum will encourage on-the-spot Government approvals and initiate companies and the Government to strike the right chord for growth," he said. Commenting on the focus sector gas and petroleum, the official said, "the largest gas grid will generate opportunities for transmission and distribution of natural gas to domestic and industrial users. Three LNG terminals coming up in the State will provide the fuel for growth." With 45 per cent share of the country's pharma business, Gujarat provides right prescription for investment, the official said. The Deputy Prime Minister, Mr L.K. Advani, will inaugurate the summit.
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