About 8,500 Memoranda ofUnderstanding(MoU) projecting an investment of Rs 12,00,000 crore were signed during the two-day Vibrant Gujarat Global Investors’ Summit (VGGIS) 2009, the state Government has said. At the valedictory session of the VGGIS, Gujarat Chief Minister Narendra Modi said the investment pledged this year was higher than the cumulative investment of the last three investors’ summits. “You can see investment coming to Gujarat even in the backdrop of the slowdown,” the CM said and maintained that the VGGIS has redefined the current economic crisis. “Call it the vibrancy or the stability provided by Gujarat,” he said.
Referring to reports that underlined the failure rates of earlier investors’ summits despite the signing of many MoUs, Modi claimed his Government could not be blamed. “If an entrepreneur wants to invest here, we help them. There is not a single case where the investor has said that we are withdrawing our project because we have problems with your government. Therefore, if the projects are not implemented, we should not be held responsible.” Reliance Group’s Anil Ambani said,“Gujarat is different. The environment and the mood here are very different from the rest of the world,” he said, and also went on to rework the RACE formula - R for low risk, A for alertness, C for low cost and E for efficiency - that Modi had put forth to get the better of the slowdown as “Respect, Attitude, Cleverness, Execution.” The business proposals offer employment opportunities to the tune of 25 lakh.
Referring to reports that underlined the failure rates of earlier investors’ summits despite the signing of many MoUs, Modi claimed his Government could not be blamed. “If an entrepreneur wants to invest here, we help them. There is not a single case where the investor has said that we are withdrawing our project because we have problems with your government. Therefore, if the projects are not implemented, we should not be held responsible.” Reliance Group’s Anil Ambani said,“Gujarat is different. The environment and the mood here are very different from the rest of the world,” he said, and also went on to rework the RACE formula - R for low risk, A for alertness, C for low cost and E for efficiency - that Modi had put forth to get the better of the slowdown as “Respect, Attitude, Cleverness, Execution.” The business proposals offer employment opportunities to the tune of 25 lakh.
No comments:
Post a Comment