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Vibrant Gujarat eyes Rs 12 lakh crore investment deals from summit

IANS 20 Nov 2014, 12:37:03 PM IST

Ahmedabad: Gujarat expects investment deals of over Rs 12 lakh crore at the Vibrant Gujarat Global Investors' Summit scheduled to be held in January, a minister said in Hyderabad on Wednesday.

This will be the first summit without Narendra Modi (now Prime Minister) as the chief minister but state cabinet minister Bhupendrasinh Chudasama said he was confident that Gujarat will sign more agreements than it did in the previous summit.

Agreements involving investment of about Rs 12 lakh crore were signed during 2013.

"It will be more than that at the upcoming event," Chudasama told reporters on the sidelines of a road show held in the Andhra Pradesh capital on Wednesday.

The minister for education, science and technology said eight countries - the US, Japan, Australia, Canada, Singapore, South Africa, Britain and the Netherlands - will be partners for the seventh edition of Vibrant Gujarat to be held between Jan 11-13 in Gandhinagar.

Over 2,500 international delegates from more than 150 countries are expected for the event, as against 2,100 from 121 countries in 2013.

Gujarat Industrial Development Corporation managing director BB Swain said at least 100 CEOs of the Fortune 500 club were expected to participate.

The summit will also see a conclave of global CEOs and voices of noble laureates.

Among likely participants are Osamu Suzuki, chairman and CEO of Suzuki Motor Corporation; Indra Nooyi, chairman and chief executive officer, PepsiCo; Mark Zuckerberg, CEO, Facebook; Satya Nadella, CEO, Microsoft; Larry Page, CEO, Google and AMarry Barra, CEO, General Motors.