Gujarat government inks $2 billion MoU with China firm, largest ever by single state

Ahead of the Vibrant Gujarat Global Summit 2017, Chief Minister Vijay Rupani met the Chinese delegation led by Liang Wengen, Chairman of Sany Group on Monday for nearly an hour.

By: Express News Service | Ahmedabad | Published: November 29, 2016 12:33:10 am

The Gujarat government signed an MoU with China’s Sany Group for the largest ever investment by a single state at $2 billion, staggered over the next five years, for infrastructure projects which also use those for green energy and for expediting mass housing projects.

Ahead of the Vibrant Gujarat Global Summit 2017, Chief Minister Vijay Rupani met the Chinese delegation led by Liang Wengen, Chairman of Sany Group on Monday for nearly an hour. The meeting comprised over 10 senior government officials, including chief principal secretary K Kailashnathan, ACS PK Taneja, principal secretary S Aparna, principal secretary and industries commissioner Mamta Verma.

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A release quoted Verma saying, “I welcome Sany Group to Gujarat and ensure all support from the government. We look forward to timely completion of the projects and am confident that these projects will help us make Gujarat greener, smarter and future-ready.”

As per the MoU, Sany Group will invest in five different projects, including development of 1000 MW of wind power, 1000 MW of solar and wind power projects, setting up of facility for manufacturing of wind turbines beginning next year, developing at least one ‘small size’ smart city in line with the Centre’s smart city mission and setting up factory for housing through precast concrete for mass housing projects other than real estate projects.

Under this MOU, the Gujarat government will provide necessary support to SANY Group in obtaining necessary permissions, registrations, approvals, clearance, etc from the concerned departments of the state, said a release.

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