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Chief Minister Narendra Modi announced investment promises of Rs 20,83,000 crore ($462 billion) through 7,936 memoranda of understanding (MOUs), expected to generate employment opportunities for 5.2 million people as the fifth Vibrant Gujarat Global Investors summit 2011 ended in Ahmedabad on Thursday.
'Fifty-four per cent of these MOUs have been signed by small and medium enterprises (SMEs),' he said.
The previous edition of the summit in 2009 had resulted in about 4,000 MoUs being signed for investments worth Rs 12,00,000 crore (about $243 billion).
Image: Gujarat state Chief Minister Narendra Modi, left, and Reliance Industries Chairman Mukesh Ambani interact during the fifth Vibrant Gujarat Global Investor Summit at Gandhinagar
Text: IANS
Image: PTI/AP
