Vibrant Gujarat Global Investors Summit 2009


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Vibrant Gujarat Global Investors' Summit 2009

The Government of Gujarat organized the 4^th 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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Gujarat participated in the Eighth Pravasi Bharatiya Divas at Delhi

Ministry of Overseas Indian Affairs in association with Government of NCT and CII organized Eighth Pravasi Bharatiya Divas at Vigyan Bhavan, New Delhi on 8-9 January, 2010. A high level delegation from Government of Gujarat led by the Hon’ble Chief Minister Shri Narendra Modi participated in this event. As a part of the programme, Gujarat put up a pavilion in the exhibition area showcasing the comprehensive development of the State, which was visited by a large number of delegates and dignitaries from other states who appreciated the progress made by Gujarat in the recent years. On 9th January, Hon’ble Chief Minister along with CMs of other states made a detailed presentation on Gujarat before all the delegates emphasizing the measures on skill development taken by Government of Gujarat in the recent years. A separate State Session on Gujarat with the delegates was also arranged, which evoked a good interest and the participants exchanged their views with Hon’ble Chief Minister on the progressive measures being taken by Gujarat.

National MSME Conference being organized in Rajkot

As reported, it has been decided to hold a three-day All India Conference of MSME in Rajkot during the month of September, 2010 by Laghu Udyog Bharati [LUB] with the cooperation of local association of small scale industries. The Rajkot Engineering Association, Chamber of Commerce and several associations as also Government institutions working for promotion of small scale industries.

Gujarat set to emerge as Energy Hub of the country

Coming three years will witness addition of power generating capacity of 8.900 MW in Gujarat, of which 5,000 MW will be added by private players. At present, power generation capacity in Gujarat is 11,500 MW, against the peak demand of 9,500 MW. Thus, the planned 8,900 MW power generation capacities [in a phased manner] will ensure that the state does not face any interruption in power supplies in the times to come. In the meanwhile, it is also reported that the State Government has worked out elaborate plans to augment and expand transmission and distribution network with estimated investment of Rs.50 billion. As reported, with the arrival of gas from RIL’s KG Basin, nearly 32% of electricity in the State would be generated by this less polluting fuel.

Gujart Maritime Board ports register 36% rise in cargo handling

It has been reported that even during the period of recession the world over resulting in adverse business environment, cargo handling by Gujarat ports has shown an upward trend by achieving 4% growth in 2008-09 as against the national growth of 2% by non-major ports. Gujarat Maritime Board [GMB] ports handled 149.73 million tonnes of cargo in the first three quarters [nine months] of 2009-10, as against 110.53 million tonnes during the corresponding period of previous year, registering a growth of nearly 36%. Interestingly, other ports like Sikka, Navlakhi and Jafrabad too have registered an increase as high as 65% during the period. It has been further reported that since three years, the capacity of GMB ports has been increased thrice. In 2007-08, the capacity was 198 million tonnes, which was increased to 235 million tonnes in 2008-09; with this, Gujarat has a significant share of almost 21% in national cargo handling.

Gujarat to go for value added mineral products

Gujarat has significant reserves with a variety of minerals like limestone, bauxite, lignite, dolomite, granite, in addition to chalk, china clay, fire clay, manganese, fluorspar, marble, bentonite and gypsum. As reported, the raw materials were processed outside Gujarat and value-added products were coming back to Gujarat with higher rates. Following some representations in this regard, Government has advised GMDC to ascertain proper usage through the Mineral Policy. Further, in the recently announced policy, it has been decided to reserve the usage of lignite, limestone and manganese ore for GMDC. Thus, with a view to restricting outsourcing of value-added services, the State PSU – GMDC will try and stop valuable minerals going out of the State. For the purpose, it has been decided to register all mine holders, captive users, vendors and traders for identifying stakeholders. The new policy will enable GMDC to give value addition work to appropriate company. This move, it is anticipated, would help ensuring proper use of minerals, bringing new industries in the State, which should also create employment opportunities.

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