Around 70% of MoUs inked at Vibrant Gujarat Global Summit get fructified: Chief Secretary

Vibrant Gujarat, gujarat, Vibrant Gujarat 2022, gujarat Vibrant Gujarat, VGGS

Sustainable infrastructure, renewable energy and national hydrogen mission will be among the focus areas of the biennial Vibrant Gujarat Global Summit (VGGS), which has already seen the state government signing MoUs with 20 companies worth Rs 25,000 crore, Gujarat Chief Secretary Pankaj Kumar said.

Around 70 per cent of the memorandum of understandings (MoUs) signed with companies at the Summit get fructified over a period of time, Kumar said, describing it as a good success rate.

Prime Minister Narendra Modi will inaugurate on January 10 the three-day VGGS 2022 at Gandhinagar that seeks to attract investment in the state across sectors.

“The focus areas of VGGS 2022 would be key national initiatives and topics of global relevance that includes sustainable infrastructure and manufacturing, national hydrogen mission, renewable energy, electric mobility and futuristic technologies,” Kumar told PTI in an interview here.

He said the state government has already started signing MoUs with companies.

“Just in the last week itself, we have signed MoUs with 20 companies worth around Rs 25,000 crore. This is the first set of MoUs that we have signed. And on every Monday, till VGGS 2022 on January 10, we will have MoUs signed,” he stated.

The prominent sectors from where companies would be participating in VGGS 2022 would be renewable energy, chemicals, food processing and financial services, he said.

“I can tell you around 70 per cent of the MoUs that are signed during VGGS get fructified. And that is a good success rate,” he stated.

“It (fructification) depends on the type of project. Some projects have very long gestation period. It may take many years. One has to see over a period of time. So this 70 per cent is generally the realisation that we achieve,” he mentioned.

This — 70 per cent realisation — has been the experience when the MoUs of the last few VGGS were analysed, he stated.

A total of 28,360 MoUs were signed during the last VGGS summit in 2019 while 25,578 MoUs were signed during VGGS 2017.

The 10th edition of the VGGS would have the theme of “Atmanirbhar Gujarat to Atmanirbhar Bharat (Self-reliant Gujarat to Sel-reliant India)”, he said.

“There will be a lot of companies from countries such as the USA, the UK, France, Germany, Sweden, Switzerland, the Netherlands, Italy, the UAE, Saudi Arabia and Qatar which will be participating in VGGS 2022,” he stated.

When asked how much employment has been generated by the VGGS, he stated: “As per the survey report of NSO, we have the lowest unemployment rate in India currently of 3.4 per cent. These are the latest figures. Vibrant Gujarat has been the most influencing factor in job creation.”

Due to this pace and type of industrialisation, both direct and indirect unemployment is generated, he said.

Overall unemployment rate is the best indicator to judge or to evaluate the combined effect of government intervention in job creation, he stated.

The first Vibrant Gujarat summit was organised in 2003, when Modi was the Gujarat chief minister.

“Last financial year 2020-21 was the year of the pandemic. In spite of that, 37 per cent of the total FDI across states in India came to Gujarat. In absolute numbers, it was USD 21.9 billion (one billion is equal to 100 crores),” he noted.

“The whole world is recovering from the pandemic. So, there should be an increase in FDI inflow in this financial year,” he added.

News Related

OTHER NEWS

China's Xi says country's low carbon push must guarantee energy, food security

© Reuters/ALY SONG FILE PHOTO: A surveillance camera is seen near a coal-fired power plant in Shanghai SHANGHAI (Reuters) – China’s ambitious low-carbon goals should not come at the expense ... Read more »

Benar swasta teruskan beri vaksin Covid-19, kata kumpulan perubatan

© Provided by Free Malaysia Today Polis menyerbu beberapa klinik yang menjual sijil vaksin Covid-19 palsu di lima negeri bulan ini. (Gambar Bernama) PETALING JAYA: Biarpun terdapat banyak kes klinik ... Read more »

New 3D NASA image shows violently explosive star in ultraviolet and X-ray

© Provided by CNET NASA and ESA’s Hubble Space Telescope captured this new view of Eta Carinae. NASA, ESA, N. Smith (University of Arizona) and J. Morse (BoldlyGo Institute) In ... Read more »

John Legend launching skincare line

© Provided by Cover Media John Legend John Legend has formulated a skincare line for people with darker complexions. The All of Me hitmaker has partnered with the team at ... Read more »

Future Retail moves Supreme Court on lenders' insolvency notice

© Provided by The Times of India NEW DELHI: Facing heat from banks for recovery of outstanding dues, Future Retail on Tuesday moved the Supreme Court seeking quashing of lenders’ ... Read more »

IPO-bound OYO gets listing approval from BSE, NSE

© Provided by Zee News New Delhi: Oravel Stays Limited, the parent company of travel-tech firm OYO, has received in-principle approval from BSE and NSE to list on the respective ... Read more »

Yuvraj Singh-Hazel Keech become parents; Bipasha Basu, Abhishek Kapoor, Ayushmann Khurrana and fans congratulate the couple

© Provided by BollywoodLife.com Congratulations! Yuvraj Singh and Hazel Keech are now blessed with a baby boy. The couple welcomed their first child last night. He shared the news on ... Read more »

Mahkamah tolak permohonan MAIS rayu kes tukar agama sepihak anak

© Provided by Free Malaysia Today Ketua Hakim Negara Tengku Maimun Tuan Mat menolak permohonan MAIS untuk merayu selepas mendengar hujahan peguamnya, Haniff Khatri Abdulla dan ibu kepada lima kanak-kanak ... Read more »

JioPhone 5G may launch this year as India's cheapest 5G phone, its specifications leaked

The 5G revolution in India is likely to kick off this year and Reliance Jio is at the forefront. Not only is the telecom company extensively engaged in testing 5G ... Read more »

US approves major arms sale to Egypt despite rights concerns

© ASSOCIATED PRESS United States Egypt – ASSOCIATED PRESS The Biden administration on Tuesday approved a massive $2.5 billion arms sale to Egypt despite ongoing concerns over human rights. The ... Read more »

Spotted: What netizens are noticing on Comelec's final ballot face for 2022 polls

They say that a picture is worth a thousand words. That proved to be true when the final ballot face for the national elections this May was released on Tuesday. ... Read more »

Republic Day 2022 | Here are some facts about the day that commemorates the adoption of the Constitution

Republic Day is celebrated every year on January 26 to commemorate the adoption of the Indian Constitution. The Constitution is the supreme law of the land and citizens are expected ... Read more »

Liquid-only diet won't stop Beth Mooney's remarkable return

© Getty Images Beth Mooney set to play the Ashes Test just days after surgery © Getty Images Australia batter Beth Mooney will make a miraculous return from a fractured ... Read more »

Republic Day 2022: Over 24,000 people to attend R-Day parade this year with no foreign dignitary as chief guest

© Provided by Jagran English New Delhi | Jagran News Desk: Approximately 24,000 people will be permitted to attend the Republic Day parade on January 26 this year given the COVID-19 ... Read more »

Stay calm, Russian invasion not imminent, appeal Ukrainian leaders

Ukraine’s leaders sought Tuesday to reassure the nation that an invasion from neighboring Russia was not imminent, even as they acknowledged the threat is real and received a shipment of ... Read more »

73rd Republic Day: ITBP troops unfurl national flag at 15,000 feet in Ladakh, sing National Anthem

© Provided by The Statesman 73rd Republic Day: ITBP troops unfurl national flag at 15,000 feet in Ladakh, sing National Anthem As India celebrates its 73rd Republic Day with much ... Read more »

Buck Showalter's three-year Mets deal worth $11.25 million

The Mets spent a few bucks to get their Buck. Buck Showalter’s three-year deal to manage the Mets is worth $11.25 million, an industry source confirmed on Tuesday. MLB Network ... Read more »

Aparna Yadav or Rita Joshi's Son? As Lucknow Cantt Battle Intensifies, Sitting BJP MLA Remains Hopeful

© Provided by News18 Aparna Yadav or Rita Joshi’s Son? As Lucknow Cantt Battle Intensifies, Sitting BJP MLA Remains Hopeful As the UP assembly elections draw close, Lucknow Cantt has ... Read more »

India-US partnership rooted in shared responsibility to uphold democratic values: White House

© Provided by The Financial Express “Our partnership is rooted in our shared responsibility to uphold democratic values,” Psaki said in response to a question. The partnership between India and ... Read more »

‘Azad not Ghulam': Padma Bhushan for Ghulam Nabi Azad evokes mixed reactions from Congress

© Provided by The Financial Express While Shashi Tharoor welcomed the news of Ghulam Nabi Azad being conferred with Padma Bhushan, Jairam Ramesh came up with a jibe. Senior Congress ... Read more »

Omicron Updates: India's Covid Tally Records Slight Rise with 2.85L New Cases; Kerala Sees Massive Surge, Deaths Sharply Up in Maha

© Provided by News18 Omicron Updates: India’s Covid Tally Records Slight Rise with 2.85L New Cases; Kerala Sees Massive Surge, Deaths Sharply Up in Maha Coronavirus-Omicron Updates: India registered over ... Read more »

Republic Day 2022: Brands capture the essence of patriotism in new campaigns

© Provided by The Financial Express Campaigns launched on Republic Day 2022 As the nation comes together to celebrate the 73rd Republic Day of India, brands have come forward with ... Read more »

Govt constantly following case of missing Arunachal boy: Kiren Rijiju

Union Law and Justice Minister Kiren Rijiju said that government is constantly following the case of missing Indian boy from Arunachal Pradesh from day one and there is need to ... Read more »

Ayushmann to Preity Zinta, celebs congratulate Yuvraj, Hazel as they welcome baby boy

Bollywood celebs congratulate Yuvraj and Hazel. Yuvraj Singh and Hazeel Keech shared a piece of wonderful news with their fans last night, January 26. The duo revealed that they are ... Read more »

Republic Day 2022: Delhi Police issues traffic advisory for R-Day Parade; check routes and roads to avoid

© Provided by Jagran English New Delhi | Jagran News Desk: In view of Republic Day 2022, the Delhi Traffic Police has issued an advisory on the arrangements and restrictions ... Read more »

Michael Rapaport films alleged shoplifter boldly robbing an NYC Rite Aid

Michael Rapaport filmed what he said described as a shoplifting incident in a Manhattan Rite Aid. Getty Images for SiriusXM New York actor and comedian Michael Rapaport flipped out in ... Read more »

Padma Awards 2022: Sonu Nigam, Chandraprakash Dwivedi among 128 recipients of highest honours – check full list

© Provided by BollywoodLife.com A day before 73rd Republic Day, Padma Awards 2022 were announced. President Ram Nath Kovind announced the names of 128 recipents of Padma Awards that are ... Read more »

Railway Recruitment: Why are students protesting over RRB-NTPC result?

© Provided by Zee News New Delhi: Thousands of students have been protesting across the country against the Railway Recruitment Board’s Non-Technical Popular Categories (RRB-NTPC) exam 2021 result. Several protestors ... Read more »

YS Jagan Mohan Reddy government forms 13 new districts in Andhra Pradesh

YS Jagan Mohan Reddy government forms 13 new districts in Andhra Pradesh The YS Jagan Mohan Reddy government in Andhra Pradesh has 13 new districts notified by the government under ... Read more »

Bigg Boss 15 Day 113 Written Update: Tejasswi shocked to learn fans of Shamita, Karan call them ShaRan

Bigg Boss 15 finale is just a few days away now. The show gave us one of the most adorable couples in Karan Kundrra and Tejasswi Prakash. However, the actress ... Read more »

Not a single person will be spared: SP candidate's video goes viral, BJP's Amit Malviya slams Akhilesh Yadav

Not a single person will be spared: SP candidate’s video goes viral, BJP’s Amit Malvia slams Akhilesh Yadav A video of Samajwadi Party candidate Adil Chaudhary saying that not a ... Read more »

New Mexico City airport nears take-off, with few flights

Two months before it is due to open with just a handful of confirmed flights, workers are racing to finish a new international airport for Mexico City — one of ... Read more »

John Eastman: Trump lawyer ordered to respond to January 6 committee subpoena for his Chapman University emails

A federal judge is forcing a conservative lawyer who had worked for then-President Donald Trump before the January 6 insurrection to respond to a House select committee subpoena of Chapman ... Read more »

Sidharth Shukla's family issues statement asking to seek permission before using the Bigg Boss 13 winner's name for projects – here's why

© Provided by BollywoodLife.com Sidharth Shukla’s family released a statement asking to take permission before releasing any of the unreleased projects or before using the late actor’s name for their ... Read more »

Republic Day 2022: From Ae Watan to Maa Tujhe Salaam, 10 patriotic songs to listen on this Gantantra Diwas

© Provided by Jagran English New Delhi | Jagran Entertainment Desk: India is celebrating its 73rd Republic Day today. It was on this day in 1950 when the Constitution of ... Read more »

Republic Day 2022: Shershaah, Lagaan among 6 films that will invoke your patriotism on this Gantantra Diwas

© Provided by Jagran English New Delhi | Jagran Entertainment Desk: Republic Day 2022 is being celebrated today across the nation with great fervour and enthusiasm. It is a day ... Read more »

Republic Day 2022: What Preamble to Constitution of India signify? Know important terminologies here

© Provided by Jagran English New Delhi | Jagran News Desk: Happy Republic Day 2022! Every year on 26 January India celebrates Republic Day, and this year, the country is ... Read more »

From 'Dominion' to 'Republic' a day to cherish forever

© Provided by The Statesman From ‘Dominion’ to ‘Republic’ a day to cherish forever “We the people of India…”, ever wondered why is there too much emphasis on the starting ... Read more »

No fans for meantime once PBA Governors' Cup resumes

© Provided by SPIN.ph PBA crowd fans attendance Araneta Coliseum Big Dome THE PBA will most likely return to playing without fans again when the league resumes the 2021 Governors’ ... Read more »

17 premis di kawasan runtuhan tebing diarah henti operasi

© Provided by Free Malaysia Today Menurut MBSJ, runtuhan tebing yang berlaku petang semalam di Lestari Perdana, Seri Kembangan, berukuran sepanjang 90m dengan ketinggian 9m. (Gambar Facebook) PETALING JAYA: Sebanyak ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic