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| Home » Past Events » Global Investor's Summit 2005 |
 Achievements of Vibrant Gujarat, Global Investor's Summit 2005 |
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The two day Vibrant Gujarat : Global
Investor's Summit 2005 was a one-of-its- kind event in
India. It got off to a scintillating start with the Honourable
Vice President of India, Shri Bhairon Singh Shekhawat,
inaugurating the ceremony. More than 6,000 people attended the inaugural ceremony. The top dignitaries present
at the ceremony included : industry representatives, foreign
multinationals, NRIs as well as the business ___ from
various sections of the society, India. Mukesh Ambani
of Reliance, Gautam Adani of the Adani Group, Shashi Ruia
of Essar, Nigel Shaw of British Gas and so on. As a reflection
of faith in the state and its potential to become a leading
global destination for investment in the time to come,
MOUs for setting up projects worth INR 870 Billion were signed on the first day itself.
To invite participation from global players, five delegations
Led by senior Ministers __ of Gujarat Cabinet visited
different parts of the world to hold discussions with
NRIs, NRGs (Non Residential Gujaratis) and foreign investors.
From amongst them, several investors and NRIs participated
in the event.
The summit was planned to coincide with Gujarat’s
famous Kite festival, Uttarayan, which
marks a change of season with the movement of the sun
into the northern hemisphere. Sectoral theme pavilions
showcasing the strength of Gujarat in the relevant areas
were developed. Major industries, Government corporations
and Institutions participated in each sector. The event
also hosted an exhibition along with seminars on the
focus areas for investment in the state. These were IT, Biotech, Agro, Energy, Gas, Petroleum, Non-conventional
Energy, Port & port-Led industries, Financial Services,
Textiles and Apparels, Gems & Jewellery, Tourism etc. The exhibition was held at the Science City which
have more than 200 exhibitors from various sectors.
The exhibitions attracted large number of visitors from
within the state and outside.
Facility for arranging one to one meetings available
where senior officers from the Industries and other
departments, representatives of UNIDO and FICCI were
present.
On the first day, the focus sectors were Information
Technology, Biotechnology, Agro, Energy, Gas, Petroleum
and more importantly Non-conventional Sources of Energy.
Seminars and meetings were held in three different halls
at the Science City. Potential investors and industrialists
had one-to-one meetings with senior officials of the
state government and ministers of the cabinet. Corporate
giants which made up the announcements for major investments
on the first day are as follows: |
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The concluding day maintained
the same momentum and enthusiasm as that of the first
day with MOUs being signed by Industry. Several new
MOUs were signed in the focus sectors of the day –
Agriculture, Engineering, Tourism, Urban Development,
Chemicals and Pharmaceuticals, Port & Port Led development,
Textiles, Gems & Jewellery.
By the time the Summit concluded on
the second day, investments worth INR 1060 Billion in the form of MOUs were signed with 226 units. The concluding ceremony
was graced by the Union Minister for Commerce &
Industry Shri Kamal Nath,
Of the 226 MOUs, Engineering,
Gas and Port sectors attracted the maximum number of
investment proposals, followed by Agriculture, Urban
Development, Tourism, Chemicals & Pharmaceuticals,
Textiles, Gems & Jewellery, IT and Biotechnology
sectors. Besides these, four industrial majors –
Torrent, Essar, Welspun and Adani, have Ledged investments
of INR 120 Billion in gas-based
or lignite-based power projects, assuring self-sufficiency
to the state for future in the most important sector
- power.
Over all, the event evoked an excellent
response amongst in industrialists in India and foreign
countries in particular in Gujarat in general. |
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