Gujarat Maritime Board secures investment proposals worth Rs 1.5 lakh crore
December 27, 2023
Gandhinagar: In the run-up to the Vibrant Gujarat Global Summit (VGGS) 2024, the Gujarat Maritime Board (GMB) has secured investment proposals totaling Rs 1.50 lakh crore by signing several Investment Intention Forms (IIFs) and Memorandums of Understanding (MoUs) with over 200 entities, as stated by a senior official on Tuesday.
GMB, a state government agency overseeing port development, has executed more than 140 IIFs and approximately 50 MoUs for strategic partnerships. These agreements have the potential to create 90,000 employment opportunities.
It was also announced that GMB will host a seminar on port-led city development in Gujarat on January 11 as part of the 10th VGGS. The event aims to identify opportunities for public-private partnerships, investments, and collaborations to accelerate port-led city development through advancements in technology and innovation in smart infrastructure, logistics, and sustainability for port-led cities. DeshGujarat
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