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Gujarat is the best place to invest in: Modi

January 2, 2009

Do the MoUs announced in such events translate into actual investment?

The question of MoUs not being translated to investments on the ground should be posed to companies since it is they, not the government, which are planning the investments.

But, the realisation of MoUs at the Vibrant Summit is 80 per cent. This is much higher compared to the national average of 12 per cent. One should not keep production as a benchmark for realisation of MoUs because completing a project takes time.

Image: A Gujarati girl looks through the puppets at a stall during a handicraft fair. | Photograph: REUTERS/Parth Sanyal

Also read: Create a gold portfolio; make money

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