Global Investors' Summit | Vibrant Gujarat 2007
Investment Opportunity grabbed,
Mutual Development and Growth

Gujarat, Special Economic Zone

Gujarat Government's special event, branded as 'Vibrant Gujarat' every year, this year's Vibrant Gujarat - 2007 drew to a close on Saturday evening. As the Local Newspapers write in their 14th January issue, the Global Investors' Summit held at Science City, Ahmedabad on 12th and 13th January, 2007 has marked the event with some record investments being announced and made. Virtually, with the investments being made through this Summit, the entire state is turning into a big Special Economic Zone gradually.

Noted and eminent industrialists participated including investors from abroad. Devised brilliantly by the Gujarat Government, lead by Shri Narendra Modi, a team of nearly 5,00,000 people made the Summit a Record Breaking event where a number of Corporate Giants including Ratan Tata - Tata Group, Kumar Mangalam Birla - Birla Group, Mukesh Ambani & Anil Ambani - Reliance, K. V. Kamath - CEO, ICICI, Shashi Ruia - Essar Group and a galaxy of leaders from different industries and fields across the world made their valuable presence in this high-yielding summit. There are more than 330 MoUs signed with over a $100 Billion (Rs. 4,60,000 Crores) investements declared promising more than 9.50 Lacs Jobs in the State.

Some Intersting MoUs
FILM CITY
by Film City
Pvt. Ltd.
Bangalore
at Bavla
Rs. 2,240 Cr
CRUISE SERVICES
by Seaway Maritime
on Kutch Coast
Rs. 4,259 Cr
AIRPORT
by Ahmedabad Aviation Aeronautics
at Mehsana
Rs. 5,000 Cr
AIRPORT
by Blue Phoenix - New Delhi
anywhere in Gujarat
Rs. 5,000 Cr
6000MW NUCLEAR POWER PROJECT (*Intention)
by Nuclear Power Corporation of India Ltd.
in Bhavnagar
Rs. 50,000 Cr
PILGRIMAGE PROJECT
by Reliance Industries Ltd.
at Dwarka
Rs. 7.5 Cr
HOTEL & CONVENTION
Complex by Shri Raj Travels & Tours
at Ahmedabad
Rs. 350 Cr
GOLF LINKS & VILLAS
by Florida Metal Trading Ltd.
at Surat
Rs. 355 Cr
SAFARI PROJECT
by Bhal Hotels
at Velavadar
Rs. 5 Cr
HOUSE BOAT PROJECT
by Exotic Resort
Rs. 15 Cr




Youth, the leading beneficiaries

MoUs, Agreements and Investments in the fields of Biotech, Engineering and IT have prompted a promising future to the youth. More than 9,50,000 new promising Jobs are estimated through these investments and setups. Investments in Infrastructure Sector are supposed to be a key aspect for they will attract more investments in other sectors. Chief Minister Modi stated quite optimistically for more investments in Engineering and in matching responses, appreciable investments in Manufacturing and Engineering sectors have been announced which are likely to generate even more employment opportunities. Apparently, investments in new international standards Medical Colleges, Nursing Schools, Pharma College, Pharma Research Centre, Marine Engineering Colleges and ITI's will bring Gujarat on a leading position in Knowledge Sector.

Highlights

Followed by presence of Ratan Tata and Mukesh Ambani on the innaugural day, the last day hosted more big shots including Anil Ambani - Reliance. Shri Ratan Tata acknowledged and expressed some his rare sentiments for he is 'Original' Gujarati. He preferred to speak in Gujarati and appreciated government's efforts and its boost to India Industry & Economy. Anil Ambani remembered his childhood days and student life - 6 year stay in Gujarat. He stated, Gujarat is 24 Carat Pure Gold and there could be no further thinking for utilising the investment opportunty any investor could ever have. He opined for devising a 20 Year Blueprint and Vision. He said, Gujarat's progress is perhaps more and better than that of China.

The core of this event is some interesting MoUs signed and interests shown by the International community, surfaced during more than 60 personal meetings between the govt. and the investors. Delegates, Directors, CEO's, Industrialists, leading experts and high authorities from USA, China, Japan, Britain, Malayasia, Singapore and others discussed and rendered their further interests and scope for the projects & investments.

People

CM Shri Narendra Modi answered to a question raised about the 'Future Elections', saying he has never bothered or planned for the elections. A Chief Minister's 5 year term was a big responsibiliy, an exciting challenge he wanted to meet up with utmost dedication, head - heart - and - body, he expressed something alike. The Future Generation of Gujarat, complementing and adding to the growth and well-being of the state and nation in a healthy and holistic manner is his dream and he said, the same has been there now as ever, for times to come. Simultaneously, it's Gujarati or the Global Gujarati living anywhere and everywhere across the globe, thriving and enterprising in nature, helping vital aspects of economy, harmony and prosperity wherever they are, what they are known for.

Global Investors' Summit - 2007
12th & 13th January, 2007
Science City, Ahmedabad
Sector No. of
MoUs Signed
Investments
(Rs. in Crores)
Employment
Potential
Power 11 55,139 6,560
Oil & Gas 10 19,488 15,200
Medical Tourism 6 1,640 4,900
Chemicals & Petrochemicals 24 14,236 16,241
Special Economic Zones 28 1,70,688 6,05,640
Ports 23 13,654 12,100
Rail Transport 2 400 -
Urban Development 5 6,985 -
Others 5 2,370 375
Biotechnology 19 1,554 7,714
Information Technology 2 3,704 2,300
Pharmaceuticals 4 227 2,210
Agro & Food Processing 66 11,560 80,000
Engineering, Auto, Ceramics 35 12,757 38,490
Textiles & Apparels 29 8,177 89,055
Education 2 535 -
Tourism 32 10,635 26,370
Civil Aviation 4 10,027 10,200
Religious Tourism 1 8 -
Total 308 3,43,784 9,17,355
Announcements Made
Power Sector 4 78,290 6,000
Oil & Gas Sector 15 25,279 2,500
Chemical & Petrochemicals 2 650 -
Financial Sector 1 1,000 25,000
Total 22 1,05,219 33,500
Grand Total 330 4,49,003 9,50,855
IT Sector
MoUs Signed at IT Summit in December 2006 19 11,067 3,25,900
Grand Total 349 4,60,070 12,76,755
The 'Fresh'
Retail Chain
from Reliance
With MoUs of about Rs. 3,000 Crores, Reliance is entering and launching a first of its kind, Retail Chain called 'Fresh' in Rural Gujarat. The Chain will buy produces and materials directly from farmers and will sell to the buyers. Company will use most of the goods for its own 'Fresh' Retail Chain. Almost 75,000 jobs are expected from this initiative.

The best part of this concept is Farmers will benefit more and get the value - money for their product. This will boost and enhance the Agri Industry and will facilitate Rural Economic Development.

Reliance's Research & Centre for Excellence associated with this chain is supposed to bring new Agri Products in the market.
Biotech Research & MoUs

Total 18 MoUs

These MoUs are in Stem Cell Research, Animal Biotechnology, Therapeutic Proteins, Contract Research, Enzymes, Bio-Informatics, Infrastructure Development, Agrri Biotechnology, Knowledge Partnership

With presence of 10 companies and investments of Rs. 1,500 Crores, Gujarat has placed itself in Top 3.

CEO's of various leading US Biotech companies shared their valuable thoughts and rendered some positive interests here.

Gems, Diamonds & Jewellery

Proposal for National Gems & Jewellery Council

To strengthen and develop this unorganised segment which contributes 28% to total National export.

People spends 17% of their total expenditure after Gems, Jewellery and diamonds.

This sector provides 30,00,000 jobs and related employment opportunties after Agriculture. Total exports from this sector is $350 Crore.

Apparel & Textiles

Total 29 MoUs
Investments of Rs. 8,177 Crores
89,055 Jobs to be created


India's share in Apparel Industry is 2%. Target of $90 Billion.

India can lead in the competition with low cost, high quality products. Variety of Garments, Partywear and Hang Outwear.

Demand more towards Branded clothes. Need for SSI Units to achieve the desired targets and supply competitive and quality products.

Potential in Engineering Sector

Total 35 MoUs
Investments of Rs. 12,757 Crores
38,490 Jobs to be created


Positive Factors Gujarat provides:

Easy availability of Raw Materials
Low Production Cost
Transparency in Pricing

Investors and those interested may visit the website: Vibrant Gujarat