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The companies had signed MoUs worth Rs 7,351 crore spread across the state adding to the over Rs 1 lakh crore worth of investment in the pipeline claimed by the Chief Minister amid much pomp and show. Tourism Minister Jainarayan Vyas.said this in reply to a question by Savli Congress MLA Khumansinh Chauhan in the Assembly.
According to the information, the two companies that are still in the fray have so far only managed to acquire land for their projects despite the passage of over three years since the summit.
While one is the Delhi-based Bharat Hotels Limited, the other is Kutch Steel Private Limited from Bhuj.Elsewhere, the Industry department bureaucrats are struggling to translate the promises dealt out in the three successive Vibrant Gujarat summits into actual investments on the ground.
While the Modi government has launched preparations for the fourth summit in January 2009, part of the latest socio-economic review presented along with the budget earlier this week show that success has been rather slow and short in coming. Silent on the 2007 investments, the review presents a bleak picture of the second summit of 2005. Of the 227 MoUs worth Rs 1,06,000 crore, a paltry Rs 12,813 crore has been translated into reality as of August 2007.
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