Gujarat Chief Minister Narendra Modi spared no efforts to woo potential investors at the Pravasi Bharatiya Divas,inviting them to attend the Vibrant Gujarat Global Investors Summit to be held three days from now. Modi,one of the star speakers on the last day of the conclave,talked of numbers a better than national average GDP growth,agriculture growth,surplus coffer,development of mega industrial and investment locations,a 500-acre financial hub,Tatas Nano project to back his claim regarding Gujarat being a land of entrepreneurs.
Come to Gujarat during the Vibrant Gujarat summit and see for yourself how the state has rolled out a red carpet to engage the diaspora, he said.
On the other hand,senior minister of Tamil Nadu,Arcot N Veerasamy,shocked officials and a section of the delegates by saying that investing in IT,one of Tamil Nadus most performing sectors,was not advisable. Answering a question about the modalities in investing in Tamil Nadu,Veerasamy,the state Electricity Minister and one of the senior leaders of the ruling DMK,advised them to look at all opportunities,from power plants to brick kilns,before blindly zeroing in on IT as an investment option.
After the American recession,almost all in the IT industry are losing money. They are retrenching staff because they are not getting projects from abroad. Fifty per cent of the industries have been closed. I am telling you a fact because it is your money that you are going to invest, he said.
Veerasamy,who is under fire for the unprecedented power crisis in the state,told the gathering that power plants are profitable ventures,though capital intensive.