'Our Strength Is Depth Of Democracy', Says PM At Vibrant Gujarat Summit | Read

Gujarat, the land of Gandhi and Patel, is also the land of business, Prime Minister Narendra Modi said on Tuesday evening, speaking at the Vibrant Gujarat Summit 2017, an event being attended by Nobel Prize winners, global leaders and top industrialists from India and from other countries. The four-day summit is being held at the Mahatma Mandir convention hall in Gujarat capital Gandhinagar. The summit, held once every two years, was launched in 2003 by PM Modi while he was Chief Minister of Gujarat. He envisaged this as a mega event to attract investment in Gujarat, promising many incentives. The last summit, held in 2015, had drawn investment proposals of 366 billion dollars or 25 lakh crores. This year's event will top that, the Gujarat government hopes. Speaking at the summit earlier today, billionaire Mukesh Ambani said that his Reliance group's cumulative investment in Gujarat is Rs 2,40,000 crore, of which Rs 1,25,000 crore has been invested in the past four years.