Vibrant Gujarat Summit 2017 sees large amounts of investment pledges from who's who of India Inc.
Mumbai: Tata group patriarch Ratan Tata on Tuesday said that Gujarat has become a car manufacturing hub under the leadership of Prime Minister Narendra Modi.
Tata who was speaking at the inaugural session of Vibrant Gujarat Summit 2017 in Gandhinagar told the audience that Gujarat will be one of the leading states in country, CNBC-TV187 reported.
Modi had been at the forefront and been instrumental in conceptualising and holding the biennial event as chief minister of the state.
Tata was not the only veteran industrialist to have showered praise on Modi’s leadership at the ongoing summit.
Reliance Industries chairman Mukesh Amabni said that Modi is only leader in the world who has changed peoples’ mindset in a very short period of time. RIL chairman also said his company invested Rs 10,000 crore more than what it had committed under memorandum of understanding.
“Reliance Industries invested over $45 billion in Gujarat. In the last four years, we invested over Rs 1,25,000 crore in Gujarat,” CNBC-TV18 quoted Ambani as saying.
Adani group chairman Gautam Adani said his company has invested over Rs 48,000 crore in the state in the past five years. "We will invest Rs 16,700 crore to expand our terminals in Gujarat," Adani said.