Gujarat has once again proved to be the preferred destination for investors in the country. The seventh edition of the Vibrant Gujarat Summit, which was held at Mahatma Mandir, a state-of-the-art convention and exhibition venue located in the state capital Gandhinagar, from January 11-13, 2015, witnessed the signing of 21,000 MoUs for potential investment of Rs.25 trillion. The three-day event, with participation from 1,250 companies and 110 countries, was attended by 25,000 delegates.
Addressing the valedictory session of the Summit on January 12, 2015, Chief Minister Anandiben Patel said the state government would initiate suitable measures for smooth and robust implementation of the MoUs signed.
In addition to setting up a district-level digital cell for ensuring hassle free implementation of the investment intentions, a special committee will be constituted to handle investment proposals requiring clearances from the Centre. A committee under the chairmanship of the chief minister will monitor progress with regard to implementation of the MoUs. A committee under the chief secretary with the state industries department will be set up to address any hurdle in the way of execution of the MoUs.
The Summit also led to signing of 1,225 strategic partnership agreements. A tripartite agreement was signed between the state government, Centre and World Bank for working together in the Swachhata Abhiyaan and development of smart cities. The state government and the UN signed a strategic partnership agreement in the field of sustainable energy.
The chief minister said the agreements signed during the Summit in the areas of corporate social responsibility, defence manufacturing, skill development and education would significantly contribute to Gujarat’s growth story. She added that the event would give impetus to the ‘Make in India’ drive as well as the ‘Skill India’ and ‘Clean India’ initiatives.
The Vibrant Gujarat Summit is a biennial event organized by the Gujarat government since 2003 primarily with the objective of showcasing the state as an attractive investment destination. A total of 17,719 MoUs with investment commitments of Rs.10 lakh crore and 2,670 strategic partnership agreements were signed during the previous edition held in January 2013.