Investment in Gujarat is perhaps indicative of good times ahead in the country.
THE 8TH EDITION OF VIBRANT Gujarat Global Summit inaugurated by its pioneer, Prime Minister Narendra Modi hosted several foreign leaders and top global and Indian CEOs. This biennial summit was launched by Modi way back in 2003 when he was the chief minister of Gujarat.
The US, the UK, Australia, Canada, Denmark, France, Japan, Poland, Netherlands, Singapore, Sweden and UAE partnered this event. Around 20 heads of state and ministers from across the world attended this B2B and B2G event. Several top Indian business heads such as Reliance Industries (RIL) chairman Mukesh Ambani, Adani Group chairman Gautam Adani, Tata Group’s Ratan Tata and Reliance ADA Group chairman Anil Ambani were present at the event.
From 80 MoUs back in 2003 to more than 25,000 MoUs signed in 2017, the summit has come a long way. Gujarat deputy CM Nitin Patel said, “As many as 25,578 MoUs have been signed at this edition of the summit, which is 2,500 more than the number that were signed at the last edition in 2015. The highest number of MoUs were signed for MSMEs amounting to 18,533 MoUs, followed by 5,938 MoUs for large scale industries and 1,107 MoUs for technology sharing.”
As per the data provided by Gujarat Industry Commissionerate, from Rs 66,068 crore in 2003, this edition enjoyed close to Rs 30 lakh crore worth of investment.
“India is a bright spot in the global economy,” said Modi. “World Bank, IMF and other institutions have projected even better growth in the coming days. In 2014-15, India contributed 12.5 per cent to global growth. Its contribution to global growth is 68 per cent higher, than its share of the world economy.”
Esta historia es de la edición January 23, 2017 de Businessworld.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 23, 2017 de Businessworld.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.