8th Vibrant Gujarat Global Summit a big draw

Our Bureau Gandhinagar | Updated on January 12, 2018 Published on January 12, 2017

Gujarat CM Vijay Rupani

Memorandums of understanding total 25,578; MSMEs major attraction

The eight edition of the biennial Vibrant Gujarat Global Summit concluded on Thursday with 25,578 memorandums of understanding filed by companies and organisations from across the globe.

Deputy Chief Minister Nitin Patel, at the valedictory session, said MoUs were signed in various sectors, including infrastructure, real estate, defence and biotechnology.

Patel, however, refrained from declaring the value of the signed MoUs, which are up from 22,602 MoUs signed in the seventh edition in 2015.

Patel maintained that about 52 of the MoUs had values more than ₹4,000 crore and about 133 had values in the range of ₹1,000-4,000 crore.

Top business heads from the State, including Pankaj Patel of Zydus Cadila Group, Sudhir Mehta, Torrent Group and Sanjay Lalbhai from Arvind were present at the final session of the summit.

Giving the sectoral break-up of the MoUs signed, Patel stated that MSMEs attracted maximum interest from the companies with 185,33 MoUs being signed, followed by the large-scale sector, attracting 5,938 MoUs. Technology sharing and the technical sector witnessed 1,107 MoUs.

Themed around ‘Connecting India to the World’, the three-day summit had started with a grand opening ceremony attended by Prime Minister Narendra Modi.

The State witnessed interest from global defence players such as Airbus, which signed an MoU to set up a helicopter parts manufacturing facility at Dholera without disclosing the possible investments.

Adani Group said it will invest ₹49,000 crore over the next five years, including in a cement plant. MRF Limited announced its plans to invest ₹4,500 crore in a greenfield plant.

Chief Minister Vijay Rupani in his valedictory address termed the event a big success and in the interest of the State to generate more business for small enterprises and employment for the youth.

Published on January 12, 2017
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