Vibrant Saurashtra Expo & Summit 2016 kicks off, 8 B2B MoUs signed

Rajkot

Vibrant Saurashtra Expo and Summit 2016 was inaugurated today by Gujarat Chief Minister in Rajkot. The summit/expo has been organized jointly by Rajkot Chamber of Commerce and Industry.

According to Jagat Shah, key organizers of this summit/expo, on the first day of this summit 8 business to business(B2B) MoUs were signed.

“Memorandum of Undestanding(MoU) are signed today include India’s first LED screen manufacturing project. So far we import LED screens from china only, but now LED screens will be manufactured in Gujarat also. Gujarat based Global Communication which has one LED manufacturing unit in China already will now make LED screens here at home turf. The other MoU has been signed for setting up colleges of Architecture, Ayurved and Homeopathy in Junagadh. Third MoU has been singed for setting up state-of-the-art club with foreign partnership in Rajkot under the leadership of Mr. Abhay Suchak. Another MoU is signed for manufacturing of watches with some patented technologies. Representation of French partner firm is here for that. Rs 20 crore Kitchen wear company ‘Action Wear’, patented technology oriented label printing machinery firm, agriculture processing factory are some of the other MoUs,” he said.

The summit/expo will also see MoUs other than B2B, Shah said adding that Rajkot Chamber of Commerce and Dubai Chamber of Commerce have signed MoUs for each other’s desks at their premises. Another MoU has been signed with Jammu & Kashmir Economic Development Council. Its chairman Khalil Jahangir believes that 60% of domestic tourists in Jammu and Kashmir are from Gujarat, and therefore there should be Gujarati Bhavan in Srinagar. The MoU signed today is about setting up such Bhavan. There are MoUs signed with Singhbhum Chamber of Commerce(Jamshedpur, Jharkhand), Maharashtra Chamber of Commerce, Industry and Agriculture, Nashik Business Association and Bihar Industry Association.

Shah said there are total 22 detailed investment reports released today which are sector specific. The reports contain market, investment, technology, man power etc details. Next should be the process of joint venture partnership between local firms and outside firms.

The Chief Minister on this occasion felicitated successful businessmen from Saurashtra.

The function had presence of representatives of 21 Gujarati Samaj from across the country and other delegates from 18 states according to Shah.

Shah said, total 22 investment reports are to be released today which are sector specific. They include the sectors in which Saurashtra is competitive. The reports contain details on market, investment, technology, man power etc areas. Next step should be joint partnership between the local firm and outside firm.

– DeshGujarat