7936 MoUs worth Rs.20.83 lakh cr signed in Vibrant Gujarat Summit

At the valedictory function of the Vibrant Gujarat Global Summit Gujarat Chief Minister Narendra Modi today announced that during the summit 7936 MoUs were signed worth Rs. 20.83 lakh crore Rupees or 450 bullion U.S. dollar.

The Chief Minister added that because of this initiative, the employment opportunity for 52 lakh( 5.2 million) citizens will be created, and this would benefit the young generation.

“You are very very eager to hear the final figure, so in Vibrant Gujarat Global Investment Summit 2011, total MoU signed are 7936, worth 20.83 lakh crore Rupees, this means 450 billion U.S.dollar, and because of this initiative, the employment opportunity will be generated for 52 lakh citizens, the young generation,” Modi announced from stage.

“Some people keep worrying about how many MoUs were signed, how many of them dropped etc, but I want to tell those who are worrying about Gujarat, that if they had worried about how many school children used to drop fifteen years back from schools, then I could be saved from all this hard work that I’m doing,” Modi said.

Modi expressed great pleasure that 55% of MoUs were signed small and medium scale industry.

Briefing the participants of the summit on Summit’s success the Industry department Secretary IAS Maheshwar Sau said, “We had participation of 101 countries, and more than 1400 foreign delegates during the summit.”

“More than 350 speakers of national and international repute participated in total programme,” he added.

Sahu said the summit provided platform for 14 programmes of other countries and states adding that “our companies have announced commitment for 30 projects outside Gujarat during the summit.”

He said that 33 knowledge events were organized in this 2011 summit against 13 in 2009.

According to him 479 number of institutional tie ups for capacity buildings and knowledge sharing are achieved during the summit, also a good number of 470 MoUs are signed in Social sector.