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Vibrant Gujarat Global Investors' Summit 2009
Vibrant Gujarat Global Investor's Summit 2009
The Government of Gujarat organized the 4th biennial Global Investors' Summit 2009 during 12-13 January, 2009. Based on the theme – Gujarat Going Global and aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit served as a perfect platform to understand and explore business opportunities with the State of Gujarat.

Vibrant Gujarat: Global Investors' Summit 2009 had resounding success this year too as it had been in the past. During the course of two days, 8662 MoUs worth US$ 243 billion (over Rs. 12,000 Billion) are signed. The summit witnessed participation of delegates from 45 countries, amounting to over 600 foreign delegates. The who’s who of the Indian industry were present, including Mr. Ratan Tata, Chairman, Tata Group, Mr. KV Kamath, Chairman ICICI and President CII, Mr. Mukesh Ambani, Chairman, Reliance Industries, Mr. Kumar Mangalam Birla, Chairman, Birla Group, Mr. Shashi Ruia, Chairman, Essar Group, Mr, Anil Ambani, Chairman, ADAG Group, Mr. Sunil Mittal, Chairman, Bharti Enterprise among several other dignitaries. Several political dignitaries from various countries such as Japan, UK, China, Russia, Canada, Israel, Poland, Korea, UAE, Malawi, Indonesia, Oman, Kenya, Italy, Singapore, Trinidad & Tobago, Vietnam, Uganda, Zimbabwe and Maldives had participated

Japan was the Partner Country to this Summit. This being the first time any country has agreed to partner with a State of another country. Japan External Trade Organisation (JETRO) was designated as the partner organization. Japan also reciprocated Gujarat’s initiatives for mutual economic cooperation by sending two senior level delegations, led by Mr. Hideaki Domichi, the Ambassador of Japan to India and Mr. Heizo Takenaka, Former Minister of Economic & Fiscal Policy of Japan. The maximum number of delegates was from Japan, totalling to over 70 members. Another major delegation was from USA.

The exhibition was organized in a grand way, spread over an area of 19,200 sq. mts. There were 232 stalls, quite impressive and informative, having participation of eminent companies of India. 16 international countries participated in the exhibition from countries such as Japan, Korea, UK, Kenya, Arab League, Russia, Netherlands, Trinidad & Tobago, Czech Republic, El Salvador and Uganda.

Earlier Summits were organized in the year 2003, 2005 and 2007. The 2003 Global Investors' Summit was held coinciding with the glorious Navratri Festival where a total of 76 MOUs worth USD 14 billion were signed. The 2005 Summit saw signing of 226 MOUs garnering an investment of USD 20 billion. The year 2007 Summit, resulted in signing of 675 MOUs worth USD 152 billion. In the year 2009, the initiative that began six years ago, was intensified and the state propelled in to the next stage of the development process, focused and intensive growth in the socio-economic index.
 
 
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Ceramic City Morbi also emerging as Paper Hub

Following the demand of packaging materials - mainly that of corrugated and duplex paper by ceramic units, many new paper mills are being set up in Morbi – the city known earlier for its ceramic products. Around a decade ago, it was only one unit producing 20 tonnes of paper per day in the city, while today, eight mills are already operational producing 600 tonnes of paper per day. Twelve more mills are expected to commence their production within a year or so, the sources informed. Availability of local automation services replacing the imported machinery, which used to be in demand earlier, also helped flourishing the companies. The industry also expects to import raw material - paper waste - due to the proximity to Kandla Port, and to cater to the needs of local industry as also to that of the units in Northern India, the sources added.

ISDO plans country’s first stainless steel theme park near Ahmedabad

The Indian Stainless Steel Development Organization [ISDO] is reported to have identified land near Bavla on Ahmedabad - Bhavnagar highway for establishing country’s first Stainless Steel Theme Park at an estimated capital outlay of Rs. 100 million. As informed, the proposed park would house full-fledged Research and Development Centre, product display centre, exhibition-cum-demonstration centre as also a training centre. With a view to improvising quality of SS utensils, spare parts, equipments, plans are also afoot for short-term courses for freshers, which would help in skill formation.

iNDEXTb signs MoU with Mizuho Group Banks, Japan

With a view to further promoting investment and economic activities by Japan-based companies in Gujarat, iNDEXTb, the investment promotion organization of Gujarat Government, has signed an MoU with Mizuho Corporate Bank and Mizuho Bank recently. It may be recalled that during the last Vibrant Gujarat Global Investors’ Summit [VGGIS] 2009, Japan was the Partner Country. Mizuho Financial Group is one of the world’s largest financial groups. As a core entity of the group, Mizuho Corporate Bank has a customer base covering 70% of Japan’s listed corporations and a global network of about 70 offices in 30 countries. Gujarat nurtures a unique vision for industrial growth and the Group would co-operate with the State to make the dreams come true, the Bank Official said. INDEXTb on one hand would provide assistance and support to Mizuho’s client-companies, whereas the Japanese counterpart would persuade its client companies for doing business with India, particularly with Gujarat-based companies, the sources added.
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