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The Chief Minister of Gujarat, Mr Narendra Modi, will inaugurate the fifth Vibrant Gujarat Global Investors' Summit here on Wednesday.
The summit is likely to be a Davos-like platform, or India's investment catalyst, for striking global deals for all investment ideas, rather than just as a Gujarat-focused, MoU-signing event promising fund-inflow in the western State, as it has been since 2003.
The two-day, biennial event is expecting about 20,000 people to throng the venue, the mammoth Mahatma Mandir that has sprung up in the lush green capital of Gujarat recently.
Representatives from nearly 30 MNCs, 16 countries and 19 Indian States would be among those attending the event to discuss opportunities for investments. Japan and Canada have joined VGGIS-2011 as country partners.
The theme of this year's event is to make Gujarat a “Global Business Hub” with an aggressive marketing strategy. Nearly 15 seminars on various sectors will be held on January 12 and 13.
Artistes from BPL families, playing traditional music, would welcome foreign and Indian delegates and millionaires.
Kite festival
The mood for the main event was set today with the launch of the five-day International Kite Festival on the Sabarmati riverfront in Ahmedabad.
This evening, Mr Modi inaugurated a mega-exhibition in Gandhinagar, called the Global Manufacturing Technology Show (GMTS). It would provide a platform to the SME sector. Around 200 companies, 16 countries and 19 States are participating in GMTS, which will end on January 18.
According to initial reports, the summit is expected to attract nearly Rs 12 lakh crore of investments, the same as in the 2009 event, in 19 sectors. The biggest investments are expected in the power sector (Rs 2.25 lakh crore), followed by hydrocarbons (Rs 1.23 lakh crore) and the Dholera Special Investment Region (Rs 1.08 lakh crore).
To mark the Golden Jubilee Year of Gujarat, this event is being held in Gandhinagar. The earlier VGGIS events were held in Ahmedabad since 2003.
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