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Rs 4,49,000 cr windfall for Gujarat

Following the Vibrant Gujarat summit, nearly 308 MoUs have been signed with the Gujarat Govt, reports Rathin Das.

india Updated: Jan 14, 2007 01:03 IST
Rathin Das

The Vibrant Gujarat summit, in which investors from across the globe took part, ended in Ahmedabad on Saturday. And the curtains dropped with the participants promising to pump in investments worth Rs 4,49,000 crore – a record – over the next three to five years.

Addressing the valedictory function on Saturday evening, state Chief Minister Narendra Modi announced that a total of 308 Memorandums of Understanding (MOUs) were signed with entrepreneurs during the two-day event.

He also said that the 330 projects that these MoUs have given birth to would generate employment for nearly 12 lakh youngsters from

"As many as 15 of the projects are expected to increase the human resources available at medical, nursing and marine engineering colleges, and pharmacy institutions," Modi said.

He added that human resource development is of vital importance, since the projects on the anvil cannot be implemented without adequate manpower.

The other sector that has been stressed upon is infrastructure, said the Chief Minister. "Infrastructure is the sector that will attract investments in the future."

First Published: Jan 14, 2007 01:03 IST