Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
'The new cabinet intends to create an impression in people's minds that even if it is new, it is performing from day one.'
Tamil Nadu is leaving no stone unturned in marketing its upcoming global investors meeting on January 7 and 8. While business veterans are promoting the positives of the state's industrial climate through the 'Titans of Tamil Nadu" campaign, the state is narrating the human stories behind its robust industrial growth via the 'One Trillion Dreams' campaign. Among the industry bigwigs, who are showcasing Tamil Nadu to the world through this mega marketing initiative include Venu Srinivasan of TVS Motor Company, K M Mammen of MRF Ltd, Pratap Reddy of Apollo Hospitals, P R Venketrama Raja of Ramco Group, Mallika Srinivasan of TAFE; and Vellayan Subbiah of Murugappa Group.
Describing the summit as 'positive and constructive throughout', the chief minister said a lot companies have committed to invest in money into the state.
Anil Ambani on Wednesday produced much mirth at an investment meet here when he greeted his elder brother Mukhesh Ambani.
Canadian investors have been invited to participate in the fifth biennial 'Vibrant Gujarat' summit, a global investors' meet organised by Gujarat, on January 12 and 13 next year.
Modi's claims of Gujarat as an attractive investment have now been questioned by the Congress party.
Essar Group is a major player in the port sector in Gujarat.
Appreciating efforts of West Bengal to attract investments, the finance minister said the Centre would extend all support to the Trinamool-government to promote industry and boost growth in the state.
Tata Electronics' Rs 91,000 crore semiconductor fab in Dholera, Gujarat, in partnership with PSMC, will generate over 20,000 direct and indirect skilled jobs in the region and construction of the mega unit is expected to begin this year, according to a statement on Thursday. The planned unit - India's first commercial fab, marks Tata Electronics' entry into the global semiconductor industry. Tata Electronics said it is "proud to lead India's entry into global semiconductor fabrication".
Despite the global slowdown, our growth rates in Gujarat have not been impacted very adversely, says Narendra Modi.
The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week. As a result, Gautam Adani's family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India's wealthiest promoter.
Nothing seems to dampen the spirit of Gujarat's textile industry when it comes to investments. Inspite of the issues arising due to rising input costs, the state government is expecting to witness MoUs worth Rs 10,000 crore (Rs 100 billion) in textile sector at the Vibrant Gujarat Global Investor's Summit 2009. During the summit, the state government will be luring several textile machinery manufacturers from overseas to set up base in the state.
The policy aims at attracting quality investments, increasing employment opportunities in the state, develpoing special investment regions, encouraging public private partnership model, setting up of mega projects and core infrstructure projects, said minister of state for industry Saurabh Patel, who released the policy in Ahmedabad. The first objective of the policy is to attract investments in the areas of SIRs, PPP projects, mega projects, innovative projects etc.
And the response it received was tremendous: About 7,200 memoranda of understanding, worth Rs 7,000 crore (Rs 70 billion), have been signed. The MoUs aim to generate more than 2,80,000 jobs in Gujarat. What's more, four major banks, including State Bank of India and Commonwealth Microfinance India from the UK, signed MoUs worth Rs 60,000 crore (Rs 600 billion) with the Gujarat government to support the SME sector.
His statement comes in the wake of a Supreme Court order halting divestment in two oil PSUs.
The Comptroller and Auditor General in 2012-13 had made certain observation in a report and 'we are improving it', he said.
Prime Minister Narendra Modi on Friday met Israeli President Isaac Herzog and underscored India's support for an early and durable resolution of the Israel-Palestine issue through dialogue and diplomacy.
The new exchange will also help global companies raise finance from other overseas investors.
Maytas Properties and Maytas Infra are promoted by Raju's family and have interests in realty and construction. Noting that there is no problem with the Maytas accounts, Bhatt said all the exposure are collateralised and accounts are regular.
Barack Obama is "very excited" that he will be the first United States President to be honoured as the chief guest at India's Republic Day celebrations, Secretary of State John Kerry said on Sunday.
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US Secretary of State John Kerry on Monday visited auto major Ford India's upcoming manufacturing plant in Gujarat.
He urged every investor to follow his steps and invest in Gujarat.
Proposed investment dip 33% from Rs 1.42 lakh crore (Rs 1.42 trillion) in 2011 to Rs 94,259 crore (Rs 942.59 billion) in 2013
In a midnight operation in the high seas, a Pakistani fishing boat said to be carrying explosives was intercepted by the Indian Coast Guard off the coast of Gujarat, but the vessel exploded and caught fire before sinking along with 4 occupants.
In the summit as well as in the inaugural '2+2' defence and foreign ministerial talks, the two sides are also expected to focus on the situation in Afghanistan and the rising threat of terrorism including from groups like Lashkar-e-Taiba and Jaish-e-Mohammed.
As India suffers and the ruling party is on the defensive, the truth is that the only way that this wave will pass is if exponential growth of the virus stops on its own, asserts Aakar Patel.
Domestic and foreign companies pour in a slew of investments in Gujarat.
For India to succeed in this data driven revolution, we will have to migrate the control and ownership of Indian data back to India: Mukesh Ambani.
'Now the political boss decides, and the ED acts.'
In the apparel export segment, one of the biggest challenges is that UK has a size, US has a size, Europe has a size and a measure; but India does not. So a size India project will be rolled out in the entire country, the first of its kind in Indian history.
Kumar Mangalam Birla spoke high of the Modi government during the summit.
RIL is setting up infrastructure for a full-fledged horizontal e-commerce offering - internally called the New Commerce - to simultaneously launch pan-India by October-November.
Investors from across the globe are keen to invest in Gujarat.
Taking a cue from neighbouring Gujarat and its successful Vibrant Gujarat summit, Maharashtra has organised a conclave -Transforming MMR into a Global Financial, Commercial and Entertainment Hub - on February 6.
Pointing at regulation of environment sector as a case in point, Goyal said the sector suffered due to "over regulation as regulators are not able to justify many decisions"
Patel urges government to rein in borrowings, inflation
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
United Nations Secretary General Ban Ki-moon will meet India's top leadership and Nobel Peace Laureate Kailash Satyarthi when he visits the country later this week, his spokesperson said on Wednesday.
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