Vibrant Gujarat Summit 2015: Live Updates From Gandhinagar

Vibrant Gujarat Summit: India, Israel Sign Pact for Third Phase of Agriculture Project
India and Israel have signed a joint agreement to implement the third phase of the agriculture cooperation project for next three years against the backdrop of the Vibrant Gujarat Summit 2015.

Vibrant Gujarat Summit: Gujarat, MasterCard sign MoU to Accelerate Electronic Payments
Gujarat and the US-based payment solution provider Master Card have signed an agreement for strategic co-operation to accelerate electronic payments processes involving government, businesses, as well as the transit and tourism industry.

US Secretary of State John Kerry Praises PM Modi, Says 'Very Impressed With Vibrant Gujarat Summit'
US Secretary of State John Kerry today said he was impressed with "palpable entrepreneurial interest" he had seen in the people of Gujarat during his visit to the state and added, "PM Modi made his reputation here in Gujarat. If that can be extrapolated to the rest of India and dealing with all countries, we all benefit."

Adani to Invest Rs 20,000 Cr in Gujarat Ports in Next 5 Years
The investment is on the top of Rs 25,000-crore spending the Group had announced on the first day of Vibrant Gujarat Summit.

Good Discussion with PM Modi on Obama Visit, Says John Kerry: Highlights

• For the Indian and American people, there is a sense of shared excitement at possibilities
• Seen remarkable transformations that have taken place since then (when Manmohan Singh was Finance Minister)
• We're beginning to breakthrough on kinds of things that are needed for economic investment
• During my discussion with PM Modi, we reviewed the progress of our economic relationship and how to take it ahead
• We can do more to enhance this economic relationship and we'll continue to work on it, both of us
  
• US investment in India have risen from $2.4 billion to 28 billion
• The PM has a very ambitious plan that every home in India has 24-hour electricity and we hope we can do a great deal to help with that
• Working together on maritime security and remain committed to deepening regional dialogue on key political and strategic issues
  
• We are all invested in this relationship because we recognise what this offers to us, and also what it demands of us
  
• President Obama will be the first US president to visit India twice in his tenure 
• Convinced India and US will create a healthier, more secure and prosperous future
• (On Paris attacks) US has been deeply engaged with France from the moment this horrific event took place
• We have offered our intel, law enforcement, our support
• The President and we are coordinating with France and continue to make available all possible assistance 
• (On new Sri Lankan President) Spoke to the new Sri Lankan president and expressed our belief that the transfer of power took  place in a way that we expected it should
  
• Good that people of Sri Lanka had an election that has resulted in a peaceful change of power
  
• Problems with respect to human rights, inclusivity and governance need to be addressed
  
  

Finance Minister Arun Jaitley addresses 'Vibrant Gujarat' Summit

• Biggest criticism of the government in the last few months is 'why have you taken decisions so quickly'
• India can't stop functioning even if one house of Parliament takes time to settle down
• Distribution of poverty without growth is not a solution to India's problem
• Government must be led by leader of stature. PM must be decisive, willing to face consequences of his decisions
• Something which had scared investors away was a highly adversarial tax regime
• Things may not change overnight but the present government is determined to have a non-adversarial tax regime
• From 2008 to 2013 we spent five years in coming up with a new company law, completely out of tune with the current requirement of business
• Industrial corridors are essentially going to run through rural areas - helps villages increasing value of land, generating employment for those villages
• Original legislation (on land acquisition) would have rendered India into a land of incomplete projects