Hyderabad, 20 November 2014

Gujarat expects investment deals of over Rs.12 lakh crore at the Vibrant Gujarat Global Investors’ Summit scheduled to be held in January, a minister said here Wednesday.

This will be the first summit without Narendra Modi as the chief minister but state cabinet minister Bhupendrasinh Chudasama said he was confident that Gujarat will sign more agreements than last year.

Agreements involving investment of about Rs.12 lakh crore were signed during 2013.

“It will be more than that at the upcoming event,” Chudasama told reporters on the sidelines of a road show held here Wednesday.

The minister for education, science and technology said eight countries – the US, Japan, Australia, Canada, Singapore, South Africa, Britain and the Netherlands – will be partners for the seventh edition of Vibrant Gujarat to be held Jan 11-13 in Gandhinagar.

Over 2,500 international delegates from more than 150 countries are expected for the event, as against 2,100 from 121 countries in 2013.

Gujarat Industrial Development Corporation managing director B.B. Swain said at least 100 CEOs of the Fortune 500 club were expected to participate.

There will be a conclave of global CEOs and voices of noble laureates.

Osamu Suzuki, chairman and CEO of Suzuki Motor Corporation; Indra Nooyi, chairman and chief executive officer, PepsiCo; Mark Zuckerberg, CEO, Facebook; Satya Nadella, CEO, Microsoft; Larry Page, CEO, Google and AMarry Barra, CEO, General Motors are among the likely participants.