Going by the Gujarat government’s figures, memorandums of understanding (MoUs) for Foreign Direct Investments (FDI) worth $876 billion were signed during its five biannual Vibrant Gujarat Global Investors Summits from 2003 to 2011 and a whopping 84 per cent of the projects have already been implemented or are under implementation. This would mean Gujarat has overtaken all of China, whose FDI inflows during this period were to the tune of $600 billion. And, interestingly, after the 2013 Vibrant Gujarat Global Investors Summit, the government chose not to give out any MoU numbers when Chief Minister Narendra Modi declared that, “Gujarat is now the gateway to India.”
Posted on: Thu, 19 Sep 2013 17:49:59 +0000
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