Gujarat Summit: Modi pledges Rs 40 lakh cr investments II India Business Finance News



The sixth edition of the Vibrant Gujarat Global
Summit concluded in the state capital
Gandhinagar Saturday evening with promises
from the Bharatiya Janata Party government of
investments worth Rs 40 lakh crore for the
state. However, the Narendra Modi
government's track record of converting
pledged investments into reality has been less
than impressive, with even Modi, who swept
through the Gujarat elections in December 2012
to become the chief minister of the Western
state for the fourth time, choosing to downplay
the numbers during the summit.
"As of today, there has been a 70 per cent
decline in projects being commissioned as
compared to 1995. Modi is a master at creating
a lot of noise," said Arjun Modhvadia, president
of Gujarat Pradesh Congress Committee (GPCC).




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