Category Archives: Narandra Modi

Foreigners flock to Vibrant Gujarat

Good Evening friends,

Being Amadavadi and Gujarati I am so exited with the vibrant Gujarat. Our Chieft Minister Narandra Modi did lots of effort to make it happen that delegates from 30 countries are going to take part in vibrant Gujarat. I am sure person who can understand the effort our CM and government doing to bring my state up. Keep it up Sir Narandra Modi. We all love you and we all with you.

 

When Narendra Modi sat with his think-tank in early August to plan the Vibrant Gujarat show in January 2009, the one issue which was discussed most extensively was foreign participation. For, FDI constituted a meager one per cent of the total investment pledged during the summit in 2007. Just about a dozen companies came on exploratory trips then.

 

This time, however, the world is opening up to a vibrant Gujarat which had slid in the world’s view after the 2002 riots. Nearly 400 foreign delegates from 30 countries are arriving, most of them looking for business opportunities. Nearly 60 companies from around the world will participate. There will also be an army of diplomats and parliamentarians who are warming up to Gujarat and Modi for the first time.

 

The reason is simple. Modi has been able to market Gujarat as an excellent investment destination even in this age of global meltdown. His officials and ministers went on tours to several corners of the world, hard-selling the state and its pivotal location along the Delhi Mumbai Industrial Corridor (DMIC).

 

Modi himself met envoys and consuls in separate meetings in Delhi and Mumbai in October 2008. Even some envoys from European Union (EU) nations, which do not allow Modi to visit their countries, were present at these meetings.

 

The list of participants gives out a clear trend of a changing perception about Gujarat. Where governments are still reluctant to be seen in Modi’s company, conglomerates are rushing to sign MoUs. In a couple of cases, while the governments are taking time to warm up themselves, they are sending in parliamentary delegations to get a feel of a new Gujarat.

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Gujarat woos South African business-2

The Gujarat International Finance Tec-City (GIFT) project, would also present tremendous investment opportunities for South African companies, said the chief executive officer of GIFT, Sunil Bahl, who described the project as ‘the most ambitious ever in Gujarat’: ‘There will be opportunities in engineering, minerals, ports, tourism and the automotive industry, among others.’

Urging South African business to see Gujarat as an excellent investment opportunity, Murmu cited as a major advantage the fact that half of the ten multi-zone Special Economic Zones proposed for India were in Gujarat.

‘Other advantages are our long coastline of 1,600 km and its 41 ports; uninterrupted power supply; and road, rail and air connectivity.’

Tata’s decision to start producing its Nano, the world’s cheapest car, in Gujarat was also mentioned as a big boost for the state.

Harish Seth, chairman and managing director of Setco Automotive, said his company was looking at a joint venture partner in either South Africa or one of the East African countries for the production of clutches for the automotive industry, which were currently not being produced in the region.

The Seth family has already become a firm exporter of South African wines to India.

The delegation invited local visitors to attend the bi-ennial Vibrant Gujarat Global Investors’ Summit at Science City in Ahmedabad on January 12-13, 2009. The delegation will also visit the coastal cities of Durban and Cape Town next week.

 

Gujarat woos South African business-1

A high-level government and business delegation from Gujarat Friday began a three-city tour of South Africa to woo local business to invest in the state as part of the ‘Vibrant Gujarat’ campaign.

The delegation addressed largely South African Indian businessmen at the head office of First National Bank, which is expecting o start operating in India by next month.

Girish Chandra Murmu, additional principal secretary to Gujarat Chief Minister Narendra Modi, told IANS that while they were interested din South African investment in all sectors, there were a few special ones that there was particularly interest in.

‘We in Gujarat don’t have miens, but specialise in processing, especially coal and diamonds, which South Africa mines, so we are very keen on that. We also know that South Africa has very good technology for producing fuel from coal and our large lignite deposits could assist in this regard.

‘South African companies could also find excellent opportunities in the infrastructure sector, especially withe the development of ports on the long coastline of Gujarat; the new international airport planned for Dholera and in the Delhi-Mumbai corridor, a third of which will go through Gujarat.’