Jumana Shah/Tina Parekh



AHMEDABAD: It’s a statement that should make any Gujarati jump in joy. “You are stupid if you are not here (Gujarat),” said Ratan Tata, the patriarch of India Inc, at the state government’s Vibrant Gujarat Global Investors’ Summit 2007.



The event witnessed probably the most high-profile corporate stardust. It is not too often that competitors Mukesh Ambani & Sashi Ruia, or Indravardhan Modi & Pankaj Patel, flanked by Kumarmangalam Birla and K V Kamath, share the dais.



Day 1 saw a whopping 104 MoUs worth Rs 2,51,967 crore signed — in sectors like power, oil & gas, chemicals, petrochemicals, ports and SEZs.



The projects are expected to generate employment for 6,55,450 people in the state.

A surprise package came from ICICI MD and CEO, KV Kamath, who announced Rs 1,000 crore of investment to start a business hub in Gandhinagar, employing 25,000 people.





