Vibrant Summit MoUs: 2905 projects commissioned, 1417 in implementation stage
March 06, 2013
Gandhinagar, 6 March 2013
Out of total 8380 MoUs signed in year 2011 Vibrant Gujarat Summit, 2905 projects have been commissioned, while 1417 projects are in implementation stage. Gujarat Industry Minister Shri Saurabh Patel today shared this detail in Gujarat assembly in reply to a question.
He said 18.40% projects announced in Vibrant Gujarat Summit – 2011 are dropped as per the details available on 31 December 2012. Other projects worth Rs 18,27,697 are under process of investment, the minister added.
Patel said, some projects don’t materialize due to various factors like unfavorable market conditions, change in business plan, shortage of finance and global slow down among others.
He said, while small projects take two-three years for execution after MoU, the bigger projects take five-seven years.
Patel said, there’s a provision of follow-up system, and Indext-B has been assigned that task in connection with the MoUs signed during the Vibrant Gujarat summits.
Recent Stories
- Diwali Food Safety Drive: AMC Seals Two Units, Fines Four Outlets ₹40,000
- HDFC Bank Gets Govt Nod to Offer Deposits Under Capital Gains Accounts Scheme
- GSSSB Announces Recruitment for 1,237 Class-3 Posts; Applications Open on November 5
- AMC to Hike Parking Fees; Proposed New Rates Here
- Mumbai Mayor Ritu Tawde Meets Gujarat CM Bhupendra Patel
- Holiday Inn Resort to Come Up in Sasan Gir