The MoUs were signed as part of the Gujarat government-organised 'Vibrant Gujarat IT Summit' in Ahmedabad. Of the 19 companies, there are nine IT park developers, one telecom service provider and nine IT/ITeS/BPO/KPO companies.
Notable investors among them are Nipiam Infotech who plan to set up an IT park in Vadodara with an investment of Rs 2,600 crore (Rs 26 billion), the highest investment among all the companies and Fascel Ltd (Hutch) who have pledged an investment of Rs 2,500 crore (Rs 25 billion) for setting up a 2,500 seat call centre, putting up a 4,500 km optical fibre network for leaseline solutions and setting up retail points across the state for providing GSM and enterprise solutions.
Other big investors include DLF Commercial Developers with an investment of Rs 1,360 (Rs 13.60 billion) crore for setting up three IT parks; one each in Gandhinagar, Ahmedabad and Vadodara. Aqualine Properties Ltd part of the Raheja Corp has signed in for an investment of Rs 1,200 crore for setting up an IT park/ IT SEZ in Gandhinagar.
Shivganga Real estate Holders Pvt Ltd will be investing Rs 1,200 crore (Rs 12 billion) for setting up an IT/ITES-SEZ in Gandhinagar while Ganesh Housing Ltd, Ahmedabad has agreed on an investment of Rs 700 crore (Rs 7 billion) for an IT park/ IT SEZ in Ahmedabad.
Most of the MoUs have set a time-frame between two to five years to commence operations. The projects are likely to provide employment to around 3,25,900 people.
Modi, who had earlier held a private dinner meeting with each of the investors on Thursday night to facilitate exchange of opinions on the current policies of the government towards the IT industry, told the IT companies that if they missed the bus to Gujarat, they have missed a huge opportunity. Lack of quality technical education in Gujarat dominated the addresses of all the dignitaries.
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