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Updated on: Saturday, June 01, 2019, 04:46 AM IST

Investors Commit Rs 25 Lakh Crore

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Gandhinagar : The Seventh Vibrant Gujarat Global Summit 2015 concluded  here on Monday with the announcement that over 21,000 MoUs have been signed by Indian and international investors, pledging investments to the tune of Rs 25 lakh crore.

This announcement came during the Valedictory Function of the three-day event, by chief minister Anandiben Patel who said that the state government will constitute three committees to monitor the follow-up on the proposed projects. While a panel headed by the Chief Secretary, will monitor these investments on a monthly basis, another will liaise with the Centre for the necessary permissions while a third one, headed by the Chief Minister, will evolve policies, review progress and promote the investments.

Patel pointed out that the investor summit  is now an institutionalized event  on an “auto pilot”.

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Earlier, Union Finance Minister Arun Jaitley taking part in the summit said that the Government is expected to implement the much-awaited Goods and Services Tax (GST) regime in the country next year. Defending the Ordinance route  taken by the Government, he said policy decisions need not wait “for 10 years”. “Should we have waited until the Opposition let the Upper House function”,he questioned.

Azure Power on Monday announced signing of a MoU with Gujarat Energy Research and Management Institute (GERMI), a Gujarat Govt enterprise, to launch the “National Certification Programme for Rooftop Solar Photovoltaic Installer.”

 Under this understanding, Azure Power and GERMI will work towards establishing a cooperative and supportive team with adequate resources including skilled manpower, capital equipment, facilities, amongst others for effective implementation of the new certification.The  certification will help develop a skilled workforce  to enable the technical trainers from Gujarat for undertaking such skill building initiatives locally, Inderpreet Wadhwa, CEO and Founder Azure Power said.“The Government’s vision of achieving 100 GW of solar power generation by 2022 will require a significant scale up of skill in the solar PV, engineering, construction and operations pan India.

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The National Bank for Agriculture and Rural Development (NABARD) on Monday said it has executed three MoUs with the Gujarat Government for a proposed financial assistance of nearly Rs 25,000 crore for various developmental projects.

This includes refinance support of Rs. 12,000 crore to cooperative banks and regional rural banks (RRBs) for facilitating disbursement of crop loan by them in the state in the next two years, Mukesh Kumar Agrawal, Chief General Manager, NABARD, Gujarat Region, said.

R K  MISRA

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Published on: Tuesday, January 13, 2015, 01:15 AM IST
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