Firms commit Rs.2-lakh-cr investment in Gujarat

Global and Indian companies have committed themselves to investing a total of about Rs 2 lakh crore and creating more than 50,000 jobs= in Gujarat. Business leaders lined up huge investment commitments, signing 31 memoranda of understanding (MoUs) at the Vibrant Gujarat Summit. RIL Chairman Mukesh Ambani has announced an investment of Rs 1 lakh crore across businesses in Gujarat over 12-18 months, while Aditya Birla Group chief Kumar Mangalam Birla promised to put in Rs 20,000 crore. The Adani group, which at the summit signed an MoU with Australian energy major Woodside, has, along with US-based SunEdison, committed to investing about Rs 25,000 crore to set up a solar energy park in Gujarat and create 20,000 jobs.