ગુજરાતી
English
Ahmedabad, 19 December 2024
The Gujarat Global Vibrant Investor Summit was started in the year 2003. The 10th Vibrant Gujarat Investment Summit was held in January 2024. In which Vikram Janak had to set up 41,299 projects by signing MoUs worth Rs 26.33 lakh crore.
The Vibrant Gujarat Summit was postponed in 2022. However, there were MoUs worth Rs 18.87 lakh crore in 57,241 projects.
Thus, 2 lakh MoUs were signed in 10 Vibrant Gujarats.
A total of 1,04,000 MoUs were signed in the 9 Vibrant Summits held in Gujarat. But 71% of all these MoUs were implemented. Spokesperson Minister Rishikesh Patel said.
In 2019, 81 percent of the projects were launched in the Vibrant Summit. MoUs worth Rs 18485 crore were signed with 65 thousand jobs.
In nine Vibrant Summits, industrialists signed 1,04,000 MoUs with state governments. 71 percent were implemented. In which it was claimed that 21 lakh people would get employment indirectly and directly.
It was planned to have a 90% success ratio in 2024.
Regarding 29 percent not being successful, Rishikesh Patel said that some industrialists have not started the industry on their own or due to some special reasons like natural resources.
Vibrant Gujarat Global Summit was first held in 2003, Vibrant Gujarat has been held 10 times. A total of 10 Vibrants in Gujarat received about Rs. More than two lakh MoUs have been signed for proposed investments of more than Rs 103.37 lakh crore. 2 lakh MoUs have been signed. In which only 14 percent success is considered certain. Bhupendra Patel’s government is hiding the information about Vibrant Gujarat.
VGGS was first organized in Gujarat in the year 2003 with only five participating organizations, 200 NRIs and 200 eminent dignitaries. In which 80 MoUs were signed for proposed investments of more than Rs. 66 thousand crores.
35 countries and 16 eminent organizations participated in the 10th Vibrant Gujarat.
140 countries and 61 thousand foreign delegates participated in the 10th edition of VGGS. 10th Vibrant in Gujarat. 98 thousand 900 MoUs have been signed for investments of Rs. 47.51 lakh crores.
From 2002-03 to 2022-23, Gujarat’s CAGR i.e. Compound Annual Growth Rate reached 15%. Which is more than the national average. Gujarat’s unemployment rate is 2.2%.
Reputed industries like Suzuki, Honda, Hitachi, Toyota, Bombardier, Bank of America, DBS, Abbott, Econobel, BASF, Songwon, Unilever, Procter & Gamble, Beiersdorf, ArcelorMittal, POSCO, Shell have the largest presence in Gujarat in the country. Vestas, Vopak. Foreign Direct Investment (FDI) has been received. Many of the world’s largest multinational companies, including more than 100 Fortune and 500 global companies, are located in the state.
Official information has been given by the government. An investment of Rs 103 lakh crore was also agreed in that item. 2 lakh MoUs were signed. In which only 14 percent success is believed to be certain.
10th Vibrant
10th Vibrant Summit 2024 Rs. 41,299 MoUs worth Rs 26.33 lakh crore were signed. In the last 9 Vibrant Gujarat, MoUs worth more than Rs 45 lakh crore were signed on 98,540 projects.
Before the Vibrant Gujarat Summit, the Gujarat government has signed 234 MoUs worth Rs 10.31 lakh crore with various companies. In which 12.89 lakh jobs were announced. On January 3, MoUs worth Rs 7 lakh crore were signed under the chairmanship of Chief Minister Bhupendra Patel. According to the state government, this is the first time that such a large number of MoUs have been signed in a single day.
2022
In the Vibrant Summit postponed due to Corona in 2022, MoUs were signed for investment of Rs 18.87 lakh crore in 57,241 projects.
So the question is,
How much investment was made in 10 summits?
2 lakh industries were supposed to come, some came?
How many people are employed?
How much investment was made in which sector?
How many industries came in Saurashtra, South Gujarat, Central Gujarat and North Gujarat or Kutch and how much investment?
Public did not benefit from Modi
Did the summits really improve the people of Gujarat, the economic condition of the state and the well-being of the people? The summit had only become a state brand. Narendra Modi’s leadership was praised in the Vibrant Summit and he was called the fittest leader of India. Businessmen like Mukesh Ambani, Anil Ambani, Ratan Tata, Adi Godrej praised Narendra Modi’s role behind the development of Gujarat and said that due to his leadership Gujarat is developing all around. Before 2002, Gujarat’s development was fast.
The government may not make it official but this is the truth.
2003 to 2017
In 8 summits from 2003 to 2017, Rs. MoUs worth Rs 85 lakh crore were signed but the government does not have details of how much investment was actually made. The Industry Commissioner’s office has refrained from releasing the investment figures. According to the Industry Commissioner’s website, only Rs 11 lakh crore has been invested. That is, 13 to 14 percent success.
MoUs for a total of 76512 projects in 8 seasons from 2003-2017. Work has started on 50 thousand projects, these projects have created 17 lakh jobs.
In Vibrant, Reliance has announced an investment of 1 lakh crore, Adani 50 thousand crores and Essar 1 lakh crore. But these MoUs have not been released yet.
The government does not have any details of the actual investment from this time.
2003 to 2019
1,04,872 MoUs were signed from 2003 to 2019.
67 percent successful
As of November 2021, 70,742 projects have been completed, while
3,661 are currently in the commissioning stage. That is, according to government data, 67.45% of the projects have been started or are about to start.
2003 to 2011
According to government data, MoUs were signed for a total of 17,705 projects between 2003 and 2011. Of which, by November 2011, 1,907 projects had been completed and 1,710 projects were in process. The percentage of completed projects was 10.77 percent. The project percentage was about 9.68 percent. However, the state government never released the details of the investment amount and the number of projects thereafter. Questions were raised several times on the signed MoUs, the amount of investment, employment opportunities, etc. The investment amount has not been disclosed since 2011.
Reveal details
Will the state government release a white paper detailing the expenditure incurred for organizing VGGIS, the MoUs signed and its investments, some of which are operational on the ground? How many jobs did you get? Keep all these details. So that people know whether it has really benefited people or just a single person. Vibrant Gujarat has not benefited Gujarat but has caused loss. Gujarat has got the name of the growth engine of the country. The contribution of VGGIS behind that is huge. But the engine had broken down.
Disadvantages
From 1980 to 1995, Gujarat’s state domestic yield (SDP) was twice the country’s GDP (gross domestic yield). While India’s GDP was 5.5 per cent, Gujarat’s SDP was more than 10 per cent. Which was double the national GDP, has become only 2 or 3 percent more.”
Government data
A total of 1,04,872 project MoUs have been signed from 2003 to 2019. Out of which 70,742 projects have been completed till 30 November 2021 and 3,661 projects are at the commissioning stage.
According to government data, how many MoUs were signed till 2013. About 57.43% of them were operational or in the process of being operational. Whereas by 2016 this percentage reached 65.86 percent.
2003
In 2003, 76 MoUs were signed in the first Vibrant Gujarat Global Investor Summit. In which an investment of Rs 66,068.50 crore was talked about.
2005
A total of 226 MoUs were signed in the second summit in 2005. In which an investment of Rs 1,06,160 crore was mentioned. Out of which 42 projects have been started. In which an investment of Rs 7,787 crore has been made.
2007
363 MoUs were signed in the 2007 summit. In which an investment of Rs 4,61,835 crore and creation of 13,26,387 jobs was mentioned. This year the maximum MoUs were signed for agriculture and food processing.
2009
The 2009 summit resulted in 8,660 MoUs in 28 different sectors. In which an investment of Rs 12.40 lakh crore and creation of 26.83 lakh jobs was mentioned.
2011
7,936 MoUs were signed in the 2011 summit. In which an investment of Rs 20.83 lakh crore has been mentioned.
2013
In 2013, MoUs were replaced by ‘investment intentions’ and ‘strategic partnership intentions’. The numbers were 17,719 and 2,670 respectively.
2015
In 2015, ‘investment intentions’ and ‘strategic partnership intentions’ were 21,000 and 1,225 respectively.
The government has not disclosed summit figures thereafter.
