Biennial business event to see signing of 30,000 MoUs, delegates from 115 countries
More than 30,000 individuals have registered for the upcoming Vibrant Gujarat Summit, which will take place in Gandhinagar from January 18 to 20, chief minister Vijay Rupani said on Tuesday. Rupani was speaking with reporters after reviewing final preparations for the mega business event at Mahatma Mandir. "More than 30,000 individual delegates have registered for the Vibrant Gujarat Summit 2019. More than 26,000 companies have also registered for the Summit," Rupani said after inspecting the venue.
According to officials, delegates from as many as 115 countries, an all-time high number, are expected to take part in the three-day Summit, while 15 countries have partnered the biennial event.
Senior officials said that more than 30,000 Memorandum of Understanding (MoUs), a record of sorts, are expected to be signed at the Summit. However, the investment figures would not be announced, for what would be only the second time in nine editions of the event.
Prime minister Narendra Modi is slated to inaugurate the ninth edition of the Summit on Friday morning in the presence of presidents of Uzbekistan and Rwanda, and prime ministers of Czech Republic, Denmark, and Malta, besides ministers from a host of countries. Modi is also slated to have one-on-one meetings with the political leaders, besides participating in a round-table interaction with sovereign wealth funds, pension funds, and institutional investors.
The three-day Summit will see a number of country and state seminars, and other events, an MSME convention, among others.
PM Modi is slated to spend more than two days in Gujarat. He is slated to reach Ahmedabad on Thursday afternoon, and leave on Saturday morning.
The closing ceremony will be held in the presence of Vice President M Venkaiah Naidu, the chief minister told reporters.
Indospace to invest Rs 650 cr in state
Indospace, the country’s largest developer of industrial real estate and logistics park, said on Tuesday that it would invest a sum of Rs650 crore in Gujarat.
The Mumbai-based company also announced its foray into the state with the launch of its park at Bavla. Spread over 47 acre, the Rs260-crore park will have leasing area of about 1 million square feet. It is located close to the industrial hubs of Sanand and Changodar, and has access to Kandla and Mundra ports, it said.
Indospace, partaking in the Vibrant Summit, said it is planning two more logistics parks in the state.
“The Bavla industrial park marks our foray into Gujarat. We plan to invest Rs650 crore in new parks across the state. The projects can generate employment for more than 10,000 people,” said Rajesh Jaggi, managing partner, Real Estate, Everstone Group.
HONCHOS TO ATTEND
- Mukesh Ambani (Reliance)
- N Chandrasekaran (Tata)
- KM Birla (Aditya Birla Group)
- Gautam Adani (Adani Group)
- Adi Godrej (Godrej Group)
- Tulsi Tanti (Suzlon Group)
- Pankaj Patel (Cadila Healthcare)
- Sudhir Mehta (Torrent Group)
- Baba Kalyani (Bharat Forge)
- Uday Kotak (Kotak Mahindra)
- Global Business Leaders from foreign countries
- Martin Brudermüller (BASF)
- Jeremy Weir (Trafigura)
- Toshihiro Suzuki (Suzuki Motor)
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