Gujarat Summit numbers do not add up

Despite questions over its effectiveness, MoUs with investments worth Rs 25 lakh cr are lined up

Come January 10, and Prime Minister Narendra Modi will inaugurate the eighth edition of the biennial Vibrant Gujarat Global Summit at Mahatma Mandir in Gandhinagar, an event that has grown in stature as far as investment intentions are concerned.

While the numbers keep growing year after year, the government machinery also works hard to claim better implementation ratios with each passing edition.

Merely days before the eighth summit, the state government claimed that the previous seven editions had together seen a success ratio of 66 per cent. In other words, 66 per cent of the total 51,738 memorandums of understanding