Modi stretches Gujarat’s investment appeal

Gujarat Chief Minister, Narendra Modi said on Wednesday all Indian states should benefit from Vibrant Gujarat, the state’s event aimed to attract foreign investors.

Gujarat Chief Minister, Narendra Modi said on Wednesday all Indian states should benefit from Vibrant Gujarat, the state’s event aimed to attract foreign investors.

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Modi also invited other states to invest in Gujarat in the forthcoming edition of Vibrant Gujarat summit, in January 2011.

“Our effort is to further widen the scope of the event,” said Narendra Modi at a road show in Mumbai. “This time we have invited Indian states as well as other countries to make use of this platform.”

Last year in 2009, Gujarat received investment commitments up to $ 240 billion or R2.13 lakh crore. Vibrant Gujarat had attracted about 47 countries. “Earlier, our focus had been for the benefit of Gujarat but now we feel the event should help all our Indian states. If any state wants to come and sign a memorandum of understanding with any company, we will be happy to facilitate,” Modi said.

At the event on Tuesday Modi also invited the Indian companies to use the Vibrant Gujarat platform to network with other companies and sign agreements with foreign firms. This time around companies from 80 countries have shown interest in the summit.

Modi said that the state would continue to remain the key theme for the event. He stressed on advantages such as infrastructure, power surplus, robust agricultural growth and water management among others, that makes the state an attractive investment destination.

Gujarat is among the most aggresive states in wooing investors.