Vibrant Gujarat investor summit: Rs 20.83-lakh-cr MoUs were signed

Ahmedabad: The Vibrant Gujarat Global Investors Summit 2011 concluded with investment commitments of Rs 20.83 lakh crore ($450 billion) committed.

The government has signed 7,936 memorandums of understanding (MoUs) during the mega event.

Some major projects include Essel Infraproject Ltd's Rs 5,200-crore solid waste management and sewage treatment projects and L&T infrastructure Development's Rs 5000-crore Ahmedabad monorail project.

The ports and ship building sector witnessed major investments to the tune of Rs 1 lakh crore, with as many as 97 MoUs. Adani HPPL Ltd pledged Rs 8,000 crore to develop a bulk-general cargo terminal at Hazira.

The Essar Group signed two MoUs, involving a total investment of around Rs 8,100 crore under its group company, Essar Bulk Terminals Ltd ,for expansion of the deep water terminal at Hazira and extension of the company’s Salaya jetty.

The pharma and healthcare sectors saw investments of Rs 26,000 crore by national and international companies. Of this, Rs 15,600 crore will be in health and Rs 10,686 crore in pharma.