The two-day Vibrant Gujarat Global Investors' Summit 2005 came to a close on Thursday with investments of Rs 106161 crore (Rs 1,061.61 billion) promised in the state.
On the second and concluding day of the summit, no major corporates came out with investment announcements. On the first day, corporates like Reliance Industries and the Essar group committed around Rs 88,000 crore (Rs 880 billion) investments in Gujarat.
State chief secretary P K Laheri said on Thursday that, apart from the Rs 87155.75 crore (Rs 871.56 billion) worth of deals inked on Wednesday, several new deals were signed on Thursday in the agriculture, engineering, tourism, urban development, chemical and pharmaceutical, port, textile, gem and jewellery sectors.
Laheri said that, in the agriculture sector, as many as 17 MoUs worth Rs 170.11 crore (Rs 1.7 billion) were signed. In the engineering sector, a total investment of Rs 15429 crore (Rs 154.29 billion) has been promised in 25 MoUs. Of these, eight MoUs were signed on the first day, while 17 were signed on Thursday.
In the tourism sector, a total of 12 MoUs were signed for a sum of Rs 7352.50 crore (Rs 73.52 billion) during the summit. Besides, two announcements were also made with a value of Rs 180 crore (Rs 1.8 billion).
Laheri said that in the urban development sector, 12 MoUs worth Rs 9100.25 crore (Rs 91 billion) were signed in the past two days.
While one of the MoU was signed on Wednesday, the remaining 11 MoUs were signed on Thursday. The chief secretary also said that the chemical and pharmaceutical sector in the state attracted investments worth Rs 3645 crore (Rs 36.45 billion) with the signing of 12 MoUs. Two of these were signed on the first day of the summit and the remaining ten were signed on Thursday, Laheri said.
In the hydro power sector, two deals for a sum of Rs 168.30 crore (Rs 1.68 billion) were signed during the summit. In the ports sector, a total of seven MoUs were signed for a sum of Rs 13,800 crore (Rs 138 billion). Four of these were filed on the first day and three on the second day. In other port related projects, 28 MoUs worth Rs 1785 crore (Rs 17.85 billion) have been signed, the chief secretary said.
A total of 10 MoUs with an investment of Rs 315 crore (Rs 3.15 billion) have been signed in the textile sector, the chief secretary said, adding that four of these were filed on the first day and six on the second day.
In the gem and jewellery sector, seven MoUs worth Rs 297.60 crore (Rs 2.98 billion) have been signed.
Three MoUs were signed involving the Railways with an investment of Rs 600 crore (Rs 6 billion), one MoU was signed for an industrial park at Vadodara for Rs 500 crore (Rs 5 billion) and seven MoUs have been signed in the engineering and textile sector for an investment of Rs 1202 crore (Rs 12.02 billion), the chief secretary added.
