Gujarat govt inks 58 more MoUs for potential investment of Rs 7,12,250 crores

Gandhinagar: As a prelude to the Vibrant Gujarat Global Summit 2024, the Gujarat government today signed a total of 58 Memorandums of Understanding (MoUs) for the proposed investment of Rs 7,12,250 crores in the state capital.

Today was the 17th round of MoU exchanges, during which Chief Minister Bhupendra Patel, along with senior ministers of the State Cabinet, oversaw the signing of 58 projects, amounting to a potential investment of Rs 7,17,250 crores in a single day. These initiatives are anticipated to generate 3,70,165 employment opportunities in the future.

Among the 58 MoUs signed, both central and state government enterprises, including NTPC, Power Finance Corporation Limited, Power Grid Corporation Limited, ONGC, HPCL, IOCL, Gujarat Industrial Power Corporation, and Gujarat State Electric Corporation, participated. Additionally, renowned industrial houses committed investments across various sectors.

In another development, 177 MoUs in the 16 previous rounds had already been signed for a proposed investment of Rs 3,14,469 crores and the creation of 9,19,000 employment opportunities. In total, 234 MoUs have been signed across 17 rounds, estimating potential investments exceeding Rs 10,31,250 crores and the creation of over 12,89,078 employment opportunities.

Among the 58 MoUs signed today, 21 are for investments of less than Rs 2,000 crore, 12 for investments between Rs 2,000 and 5,000 crore, 8 for investments of Rs 5,000 and 10,000 crore, and 17 for investments exceeding Rs 10,000 crore. The proposed investments will span across energy, industry, science and technology, urban development, and health sectors. DeshGujarat