Vibrant Gujarat
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Vibrant Gujarat is the name given to a biennial investors' summit held by the government of Gujarat in Gujarat, India. The event is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit is advertised as a platform to understand and explore business opportunities in the State of Gujarat.[citation needed]
2003
The 2003 Global Investors' Summit was held coinciding with the Navratri festival[1] where a total of 76 memoranda of understanding (MOUs) worth USD 14 billion were signed.
Statistics accessed from the office of industries commissioner under the Right to Information Act (RTI) reveal an implementation rate of 25% unlike 69% promised by Narendra Modi.[2]
But this is true in general for all the states and true for India as single investment center. Still with this Gujarat get approximately 25% of India's investment.[3]
2005
The 2005 Summit saw signing of 226 MOUs garnering an investment of USD 20 billion.
Gujarat government peg the total proposed investment inflow from the 229 MOUs signed during the 2005 VGGIS at Rs 106,161 crore and 74019 have been implemented and commissioned, With the RTI act the number is a shocking 24978 Crores against 74019 Crores claimed by Modi.
On Percentage basis, the actual official figures peg the success rate at 23.52 against Modi's claim of 69%.[2]
But this is true in general for all the states and true for India as single investment center. Still with this Gujarat get approximately 25% of India's investment.[3]
2007
The Summit was held from January 12, 2007 to January 13, 2007, at Science City, Ahmedabad, with the main theme being the promotion of Gujurat's 33 special economic zones.[4] The summit was attended by industry majors like Tata, Birla, Reliance, Shell, General Motors, ICICI to name a few resulted in signing of 675 MOUs worth USD 152 billion.
The Government of Gujarat has disclosed the investments received as 264575 Crore while the actual statistics show the actual projects under implementation is 122400.66 Crore, a success rate of 27.08%.[2]
But this is true in general for all the states and true for India as single investment center. Still with this Gujarat get approximately 25% of India's investment.[3]
2009
The Government of Gujarat organized the 4th Global Investors' Summit on 12–13 January 2009.
In 2009 8662 MOUs to the value of $241 billion were signed.
The ASSOCHAM (Association of Chamber of Commerce and Industry) revealed in a study that only 34.2% of the projects have been in the implementation stage and the rest are in the 'announcement stage' The Indian Express study also confirms that only 25% of the projects pledged at the 2003, 2005 and 2007 are under implementation while the state government claims a 69% during the VGGIS.[5]
2011
Vibrant Gujarat 2011 Summit was held at Gandhinagar on 12–13 January 2011. It is to be held at a special site dedicated for Vibrant Gujarat named Mahatma mandir situated at Gandhinagar sector 13. About 7936 MoUs were signed worth $462 billion in the two days.[6]
2013
Vibrant Gujarat 2013 Summit was held for the second time in Gandhinagar on 12–13 January 2013 Mahatma mandir.[7] Besides Gujarat it will also host a Number of other Indian states Like Karnataka and Developed and Developing Countries like Rwanda, Canada, United Kingdom.[8]
References
- ^ "Showcasing Gujarat, the vibrant way". The Hindu Business Line. September 24, 2003. Retrieved March 19, 2010.
- ^ a b c Modi gets investment maths wrong for Vibrant Gujarat
- ^ a b c Gujarat get approximately 25% of India's investment.
- ^ "Thrust on SEZs at Vibrant Gujarat". The Times of India. January 5, 2007. Retrieved March 19, 2010.
- ^ Only one-third of Vibrant Gujarat investment promises kept: Study
- ^ "MoUs worth $450 bn signed in Vibrant Gujarat Summit: Modi". The Times Of India.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) [dead link] - ^ "Gujarat elections: Modi's next target: Making Vibrant Gujarat 2013 the biggest ever". Economic Times.
- ^ "Vibrant Gujarat gets endorsement from UK, US, Australian business councils". Economic Times.
External links
- Vibrant Gujarat Official website
- Investor Facilitation Portal (IFP): Single window mechanism for those who wants to invest in Gujarat. An online Memorandum of Understanding (MoU) filling system and a system to check the status of applications by state authorities and investors.
- Gujarat 2050 Map showing major development areas
- Vibrant Gujarat