labels: economy - general
Indian businesses zoom in on Gujaratnews
12 January 2007

Ahmedabad: Reliance, Essar and ONGC recently announced some big-ticket investments in Gujarat during the Vibrant Gujarat Global Investors Summit 2007 here, which has attended top industrialists in search of a receptive investment destination in the country. (See: Vibrant Gujarat investment festival begins)

Mukesh Ambani of Reliance Industries has announced an investment of Rs67,000 crore in the Jamnagar SEZ and laying of pipelines and port development.

Kumaramangalam Birla of AV Birla Group said his group would like to invest Rs200 crore in a Rayon plant in Veraval, 100 crore in a cement plant, 800 crore in Viscose and Textiles Application Centre and Rs1,000 in a fibre plant.

Shashi Ruia of Essar announced an investment of Rs10,500 crore for the expansion of the company's Hazira refinery.

PSU companies ONGC and BPCL have also announced investments in the state. While ONGC has announced an investment of Rs16,000 crore for a petrochemical complex at Dahej, PSU Bharat Petroleum Corporation (BPCL) has decided to invest Rs1,700 crore for crude-terminal and pipeline network.

The Adani group plans to pump in Rs25,000 crore in ports and SEZs while Torrent Industries, which supplies power to Ahmedabad, will invest Rs9,000 crore in a coal-based project at Pipavav.

Zydus Cadila has announced an Rs5,300 crore expansion plan for other facilities while Dishman Pharma would bring in Rs2,000 crore in engineering projects.

The Welspun Group announced an investment of Rs3,000 crore toward the expansion of its existing facility at Kutch.

also see : Vibrant Gujarat investment festival begins

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Indian businesses zoom in on Gujarat