Ajay N Jha
Gujarat Chief Minister Narendra Modi is all set to address around 50,000 investors on Friday at the Vibrant Gujarat Summit, inviting them to set up shop in the state. The six-day global trade show spreads over 1 lakh square metres and is being touted to receive a whopping 15 lakh visitors.
The sixth edition of Modi’s prized summit is taking place at the Mahatma Mandir in Gandhinagar. According to the Modi administration, over 50,000 delegates from other states and 1,800 from more than 100 countries will attend the summit. Besides signing MoUs with investors, the Modi government is aiming at bringing the industry, local as well as global, foreign diplomats and government authorities from different states together on a never-before-seen common platform. However, this time around it has decided not to make public the numbers of deals signed or the amount of investment that will be pledged.o
Global Investors’ Summits: Vibrant Gujarat :
2003 US $ 14 Bn ( 76 MoUs)
2005 US $ 20 Bn (226 MoUs)
2007 US $ 152 Bn ( 672 MoUs)
2009 US $ 240 Bn – (8500 MoUs)
2011 US $ 450 Bn – (7936 MoUs)
It also mentions that 7,936 memorandums of understanding (MoUs) were signed for Rs. 20,83,000 ($ 450 billion) crore at Vibrant Gujarat Summit 2011
That’s huge number considering that Gujarat consist of a little over 6.09 crore population and over 6.7 percent of the country’s geo-mass.
