Modi’s new moves bar set three times higher than ‘04.
Chief minister Narendra Modi, known for his 'think big' attitude was the main architect behind attracting Rs12 lakh crore worth investment in the state through MOUs (memorandum of understanding) in the Vibrant Gujarat Global Investor Summit (VGGIS) 2009 in January this year. This time Modi has set his sights higher even for his vision 2020 project. He envisages amassing Rs11,25,591 crore investment into the state by 2020, three times of what he has envisioned in 2004 with investments worth Rs3,57,468 crore by 2020.
A source in the state government informed that the new vision document, which the CM has ordered to prepare before the VGGIS 2009 in January, is almost ready now after many months' delay and is likely to be made public within a month. Crisil, a credit rating and industrial study organisation is preparing the document. However, there was no clarity on the investment projections worth more than Rs17 lakh crore in four vibrant summits held since 2003. If this amount too will be included in the projection, the figure may go up further, sources added.
In the upcoming big vision 2020 there will various new sectors like SIR, SEZs, Logistic and Industrial Parks, Social Infrastructure, Environment etc, said sources, adding that the new document, which is almost final, now await suggestions, if any, from the chief minister and chief secretary, though there is little chances of changes being done.
"The first 'vision document 2010', which was prepared during the former chief minister Keshubhai Patel's tenure, in 1999, had projected investments worth Rs1,16,993 crore for the period 2000-2010. Chief minister Narendra Modi initiated a much broader 'vision 2020 document' in 2004, which projected investments worth Rs3,57,468 crore by 2020.
But after 2005-06, the central government initiated development of Delhi Mumbai Industrial Corridor (DMIC), which includes development of number of special investment regions (SIR), special economic zone (SEZ), dedicated freight corridor (DFC) and logistics and industrial parks etc. Therefore, this new vision document was initiated when the need of a new improved vision arose," the source added.
Source further informed that the BIG 2020 vision envisages total investment of Rs11,25,591 crore till 2020 in various infrastructural sectors, with private sector participation to the tune of Rs7,49,000 crore. The largest investments projected have been the energy sector at Rs3,25,101 crore (30%), transport at Rs2,73,634 crore (24%), SIRs, SEZs, logistic & industrial parks at Rs1,71,885 crore (15%), water infrastructure at Rs1,36,435 crore (12%) and urban infrastructure at Rs1,11,924 crore (10%).
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