T20 Deals hit 20 trillion

Published By : Admin | January 14, 2011 | 06:15 IST
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COCKY CONFIDENCE: Chief minister Narendra Modi announced that everyone’s invited to the sixth edition of Vibrant Gujarat summit in January 2013. The next Gujarat Assembly polls are due before that in December 2012

Gandhinagar: A staggering 7,936 memorandums of understanding (MoUs) for Rs 20,83,000 crore or Rs 20.83 trillion (about $462 billion) worth of projects have been signed in the two-day Vibrant Gujarat Global Investors Summit, chief minister Narendra Modi announced at the valedictory function Thursday evening.

The investment agreements include those signed by states like Karnataka, which had used the Vibrant Gujarat platform to market its case. The investment would result in about 5.2 million additional jobs, according to Modi.

Addressing the closing ceremony of the summit, Modi said, “One important factor of this summit is that 54% of the total MoUs are signed by small and medium enterprises.”

The previous edition of the summit in 2009 had mopped up Rs 12,00,000 crore or Rs 12 trillion (about $243 billion then), with about 4,000 MoUs being signed.

Growing both in scale and participation, Vibrant Gujarat 2011 was a much bigger event where 600 delegates had one-toone meeting with Modi in two days. “These included delegations from 33 countries and 10 Indian states,” said Maheshwar Sahu, principal secretary, industries, adding, “As many as 35,000 delegates, including 1,400 from abroad belonging to 101 countries, listened to 350 expert speakers on different subjects. There were 33 knowledge events, where 479 tie-ups happened. In 30 cases, MoUs were signed to put up projects outside Gujarat.”

Critics may argue that the actual inflow of money is a fraction compared to what was promised during the first four editions of Vibrant Gujarat. But even if a small percentage of what was pledged during the last two days comes actually on ground, it would be a mind-boggling number.

I nve s t m e n t

pledges in Vibrant Gujarat 2011 are higher than India's foreign exchange reserves estimated at around $300 billion. The closing ceremony — home-grown billionaire Gautam Adani was the chief guest — began with Japanese singer Mayo Amarai singing ‘Limbuda Laido’ number enthralling the audience, which consisted of state-based businessmen, state BJP politicians, a few foreign delegates mainly from African countries, and diplomats from Japan and China.

Among the foreign dignitaries who spoke on the occasion praising Gujarat’s ‘vibrant’ character were the chief minister of a Brazilian province, ministers from Uganda and Rwanda, and Canadian MP Patrick Brown. Speaking in Hindi to reach out to the larger audience which would be listening to him online, Modi said the biggest achievement of the summit was the ability to “inspire the capitalists to work for the social cause.” Especially giving the example of Ratan Tata, he said, the Tatas’ proposal to develop rural transportation would go a “long way in transforming G u j a r at society.”Source : Times of India

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PM thanks world leaders for their greetings on India’s 74th Republic Day
January 26, 2023
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The Prime Minister, Shri Narendra Modi has thanked world leaders for their greetings on India’s 74th Republic Day.

In response to a tweet by the Prime Minister of Australia, the Prime Minister said;

"Thank you Prime Minister @AlboMP. Greetings to you and to the friendly people of Australia on Australia Day."

In response to a tweet by the Prime Minister of Nepal, the Prime Minister said; "Thank You @cmprachanda ji for your warm wishes!"

In response to a tweet by the Prime Minister of Bhutan, the Prime Minister said; "Thank you @PMBhutan Dr. Lotay Tshering for your warm wishes! India is committed to its unique partnership with Bhutan for progress and prosperity of both our nations."

In response to a tweet by the President of Maldives, the Prime Minister said; "Thank you for your warm greetings, President @ibusolih. Glad to see the sustained progress achieved by India-Maldives partnership, underpinned by common democratic values."

In response to a tweet by the Prime Minister of Israel, the Prime Minister said; "Thank you for your warm wishes for India's Republic Day, PM @netanyahu. Look forward to further strengthening our strategic partnership."

In response to a tweet by the President of France, the Prime Minister said; "Grateful for your warm greetings my dear friend @EmmanuelMacron on India’s Republic Day. I share your commitment to work together for success of India’s G20 Presidency & 25th anniversary of India-France Strategic Partnership. India and France together are a force for global good."

In response to a tweet by the Prime Minister of Mauritius, the Prime Minister said; "Thank you, PM @KumarJugnauth. In our shared journey as modern Republics, our two countries have been partnering closely in people-centred development. Looking forward to taking our cherished partnership with Mauritius to even greater heights."