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Gujarat bags investment commitments worth over Rs 700 crore in Make in India week

To institutionalise investment further in the state, Gujarat govt announced initiating foreign desks at five cities internationally

Gujarat Chief Minister Anandiben Patel at the Gujarat Investors Summit during the Make in India week in Mumbai (pic: Suryakant Niwate)
Gujarat Chief Minister Anandiben Patel at the Gujarat Investors Summit during the Make in India week in Mumbai (pic: Suryakant Niwate)
BS Reporter Ahmedabad
Last Updated : Feb 16 2016 | 8:53 PM IST
As part of the Make in India week, Gujarat government saw memorandums of understanding (MoUs) worth over Rs 700 crore being signed in Mumbai.

In an official communique, the state government said that during the event, the state government signed an MoU of Rs 341 crore with French company Tar Kovacs Systems for offshore platform to development of marine applications in the Gujarat. Further, Denmark-based leading wind energy company Vestas agreed to invest Rs 426 crore in Gujarat to produce wind mill blades by setting up a manufacturing unit at Bavla near Ahmedabad.

Gujarat government also signed an MoU with Ameya Information Limited, it stated.

Commenting on the same, Gujarat chief minister Anandiben Patel said: "Gujarat was in top position in terms of receiving investment proposals and implementation in India with 21 per cent share in total investment being made in India. During the year the state had received investment intention proposals worth Rs 62,403 crore."

What's more, to institutionalise investment further in the state, Gujarat government announced initiating foreign desks at five cities internationally. "We are aiming to start foreign desk at Frankfurt, Tokyo, Dubai, New York and Gwangju to institutionalise investment in Gujarat," Patel said.

The state chief minster also met the Consulate General of United States of America and invited the US to be a partner in Vibrant Gujarat Summit 2017.

In recent times, Gujarat government has announced various policies for electronics, IT, cottage, textile, tourism and plastic industries, even as it looks to announce policies for mega industries incentives, MSMEs, agro food and defence manufacturing.

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First Published: Feb 16 2016 | 8:28 PM IST

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