The Vibrant Gujarat Global Investors Summit 2011 which was held for a couple of days got over on 14th January at Gandhinagar in which 7936 MoUs were agreed upon with a value of Rs. 20.83 lakh crore ($450 billion). This would lead to a consequential promise of creating 52 lakh jobs within the state in next few years.

Corporates promised investments in all the chief sectors however power, production, urban development as well as infrastructure continued to be the main areas of concentration.

Among the major corporate, Anil Ambani’s Reliance Group and the Ahmedabad-based Adani Group has declared to invest a huge amount over here.

The fifth Vibrant Gujarat Summit (VGS) was dedicated to the youngsters and to the women of the state by the Chief Minister Narendra Modi. He has said that Gujarat will very soon be heading the economic development in India. Gujarat’s leadership in India’s economic development will enable it to compete with the other developed nations.

On the summit’s debut day, Gujarat’s government had mentioned that it had got investment commitments amounting to almost Rs. 15 lakh crore along with 2,766 MoUs that were signed with big business houses and companies.