Big guns pledge over Rs 160,000 crore for Gujarat!

published on January 12, 2011

Heaping praises on Gujarat Chief Minister Narendra Modi’s leadership for not only driving industrial growth but also boosting rural development, India’s industry bigwigs on Wednesday pledged to invest in excess of Rs 163,000 crore (Rs 1,630 billion) in the state. They had all gathered at the fifth edition of Vibrant Gujarat  Summit 2011 (VGS) in Gandhinagar.

Meanwhile, Adani Group chairman Gautam Adani announced Rs 80,000-crore (Rs 800 billion) investment in ports, power sector and infrastructure in Gujarat. He, however, did not specify the timeline for the investments.

“On the occasion of VGS we announce an investment of more than Rs 80,000 crore in port, power generation and infrastructure in Gujarat,” Adani said, while speaking at VGS.

“While two new ports — one each at Hazira and Dholera are being developed we are also expanding the existing ports at Mundra and Dahej. With this we have a goal to create 200 million tonnes per annum of port handling capacity by the year 2015,” he said.

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