Funds of Rs 1 lakh crore to be used in a month after Vibrant Gujarat Summit: Gujarat government

The Gujarat government has decided to start construction of units after completing formalities of signing of MOUs at the Vibrant Gujarat Summit. The government will lay foundation stones for the units, fetching investments of Rs 1 lakh crore within a month or two.

The chief secretary Dr JN Singh said, "We are very serious on implementation of the projects promised to come up after signing of MOUs during VGS. We have not kept a huge target to achieve but a huge chunk of units will go for construction within period of maximum 45 days after signing of MOUs."

"There was a criticism from so many fronts on implementation of MOUs and we will make sincere efforts to optimise them. But there are several limitations before that also. Therefore we have decided that the proposals should be identified in which implementation does not require long process and those investments proposals would come into existence soon," Singh added.

The additional chief secretary in finance department Arvind Agrawal has been given the responsibility to anchor this exercise in coordination with chiefs of other departments. The government is more inclined towards the service and social sectors where the procedure is not long.

The chief secretary said, "Education, health, hospitality, textile, pharmaceutical and other sectors are identified for fast implementation. These are also the sectors which generate huge direct employment and thus, that will have good impact on social sector in the state too."

Singh also added that the latest moves by the state government such as online non-agricultural land permission, online approval for environmental clearance and others would speed up the implementation of the projects proposed at the Vibrant Gujarat Summit.

The government is also going to project the same policy changes in the upcoming event to address the queries from global investors' community before investments. The chief minister also had said recently that his government would extend the red carpet for investors with alteration in policies.

OFFICIAL SPEAK

Chief secretary Dr JN Singh said, “We are very serious on implementation of the projects promised to come up after signing of MoUs during VGS. We have not kept a huge target to achieve but a huge chunk of units will go for construction within period of maximum 45 days after signing of MOUs.”