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10 contracts of 2 lakh industries worth Rs 103 lakh crore in Vibrant Gujarat, so what is the government hiding
There was growth before 2002, GDP fell after Vibrant
What happened in 10 Industry Investment Summit, know the full details
Why did the government stop disclosing investment details?
Ahmedabad, October 15, 2024
The Vibrant Gujarat Global Summit was first held in 2003, Vibrant Gujarat has been organized 10 times. A total of 10 Vibrant got about Rs. 103.37 lakh crore in Gujarat. More than two lakh MoUs have been signed for proposed investment of more than Rs. 2 lakh MoUs have been done. In which only 14 percent success is believed to be certain. Bhupendra Patel’s government is hiding the information of 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 Rs. 80 MoUs were signed for proposed investment of more than 66 thousand crores.
35 countries and 16 prestigious 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 investment of Rs 47.51 lakh crore.
From 2002-03 to 2022-23, the CAGR of Gujarat i.e. Compound Annual Growth Rate reached 15%. Which is more than the national average. The unemployment rate of Gujarat is 2.2%.
Gujarat has the largest presence in the country of reputed industries like Suzuki, Honda, Hitachi, Toyota, Bombardier, Bank of America, DBS, Abbott, Econobel, BASF, Songwon, Unilever, Procter & Gamble, Beiersdorf, ArcelorMittal, POSCO, Shell, 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 expected.
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 years?
2 lakh industries were to come, some came?
How many people are employed?
How much investment was made in which sector?
How many industries have come to Saurashtra, South Gujarat, Central Gujarat and North Gujarat or Kutch and how much investment has been made?
People do not benefit from Modi
Did the summit 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 described as 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 Gujarat is developing all around due to his leadership. 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, 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 website of the Industry Commissioner, only 11 lakh crores have 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, 17 lakh jobs have been created from these projects.
Reliance has announced an investment of 1 lakh crore, Adani 50 thousand crores and Essar 1 lakh crore in Vibrant. But the government does not have any details of the actual investment out of this.
From 2003 to 2019
From 2003 to 2019, 1,04,872 MoUs were signed.
67 percent successful
As of November 2021, 70,742 projects have been completed, while 3,661 are in the commissioning stage. That is, according to government data, 67.45% of the projects have 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, 1,907 projects were completed and 1,710 projects were in process as of November 2011. The percentage of completed projects to under process was 10.77 per cent. The project percentage was around 9.68 per cent. However, the state government never released details of the investment amount and the number of projects signed thereafter. Questions were raised several times on the MoUs signed, the amount of investment, employment opportunities, etc. The investment amount has not been disclosed since 2011.
Details Type
t
Will the state government release a white paper detailing the expenditure incurred for organising 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 that this is true.
Has this benefited people or any individual? Gujarat has not benefited from Vibrant Gujarat but has suffered. 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 double 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. What was double the national GDP has become only 2 or 3 per cent 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
In the second summit in 2005, a total of 226 MoUs were signed. In which an investment of Rs 1,06,160 crore was talked about. Out of which 42 projects have been started. In which an investment of Rs 7,787 crore has been made.
2007
The 2007 summit resulted in the signing of 363 MoUs, which envisaged an investment of Rs 4,61,835 crore and creation of 13,26,387 jobs. The highest number of MoUs signed this year were for agriculture and food processing.
2009
The 2009 summit resulted in 8,660 MoUs across 28 different sectors, which envisaged an investment of Rs 12.40 lakh crore and creation of 26.83 lakh jobs.
2011
The 2011 summit resulted in the signing of 7,936 MoUs, which envisaged an investment of Rs 20.83 lakh crore.
2013
In 2013, MoUs were replaced by ‘investment intent’ and ‘strategic partnership intent’. 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 the summit figures after that. (Google translation from Gujarati)
