Wednesday, August 20, 2008

Even after Post Godhara Riots.....Guj is still the biggest invt HUB...

in whole India.It was at the top last year and almost ready to repeat that feet this year as well.Mr.Narendra Modi has sclience all his critics.He became the CM for the 3rd time in a row..
Media was his greatest critics and the news channel were just behind Modi.Every paper and evey news channel were trying to portrait Modi as a Jallad and a traitor and he showed to them that he meant business.
Other states ask Centre to give such powers and such swepping changes to do something in their state....in where the centre party is ruling at state level.
Though USA has denied Visa to Modi twice on humanetarian ground, he has wons big investment from overseas and the anamoly is these investment has come from USA as well!
It is also a fact that apart from the recent blast Modi has been successful in keeping the state away from this bomb blast...for almost over 7 yrs....
Modi has showed the efficiency of USA where after 9/11 there is no bomb blast.In Gujarat there was none untill the recent one.....what ever Media says but Modi meant business for Gujarat and as he pledge for the upliftment of Gujarat and he has done that.....
Centre instead trying to belittle Modi should try to find out what strategy he has made to make Guj having at the top of all state in almost every sector whether it be litracy,Water management(Kuch was a desert and he made it green)...
It is time for the Media and political party to look at what can be done for bringing down the poverty and illitracy...and thus increase the overhead income of whole India......
Modi needs salutation for his planning and his acumen.....
I am seeing in Narendra Modi a PM material.People of India will say one day that we want Narendra Modi as our PM.

Rajeev

Gujarat remains biggest investment magnet in FY08 too
Our Bureau MUMBAI

GUJARAT is still on top of the heap when to comes to the list of most attractive investment destinations in the country. The state attracted maximum project investments in 2007-08, followed by Maharashtra, Orissa and Andhra Pradesh, according to a study by the Reserve Bank of India on projects funded by banks and financial institutions. At the same time, the overall investments in the country are expected to moderate in 2008-09. With a proposed investment of Rs 62,442 crore from 100 projects, Gujarat continued to occupy the top spot as far as investment intention is concerned. Of the total investment intentions in 2007-08, the state accounted for 22% of the total proposals for the year, though the share dipped from the previous year’s share of 25.8%. Maharashtra, which ranked second, had a share of 12.7%, envisaging investments worth Rs 36,202 crore. Orissa was third with 10.9% share, accounting for investments worth Rs 30,913 crore, followed by Andhra Pradesh (8.5%), Chhattisgarh (6.2%), Tamil Nadu (5.6%), Karnataka (3.7%), Uttar Pradesh (3.5%) and the rest sharing less than 3% each. The study involves 910 projects that were sanctioned assistance by banks and financial institutions in 2007-08 with an aggregated envisaged project cost of Rs 2,84,371 crore. However, as for the investment outlook for 2008-09, the central bank has said private corporate investment is likely to increase, although it may grow at a slower pace. Cumulative capital expenditure for all ongoing projects is expected to dip to Rs 1,48,350 crore, compared to Rs 1,99,262 crore in 2007-08 and Rs 1,68,010 crore in 2006-07. If the aggregate capital expenditure in 2008-09 were to surpass the level intended for 2007-08, fresh capital expenditure in 2008-09 must be above Rs 71,934 crore. Although there could be a slight shift in financing conditions which may affect the fundamentals that drive business investment, corporates’ incentives to invest are likely to remain strong in 2008-09. This would be because domestic demand and capacity utilisation rates would be high amidst improved profitability of the last few years. The study also notes, “The real GDP grew at a substantially high rate in 2007-08, on top of robust economic growth in recent years. Notwithstanding the recent slowdown in overall business activity, corporate sector managed to maintain quite a decent profitability level in 2007-08 and against the backdrop of upbeat performance in recent years, the corporate sector appears to have the capacity to invest. Downside risks arise from the likely impact of high and rising international oil prices, increasing cost of external capital, hardening of interest rates abroad and input and wage cost pressures in some industries.”

2 comments:

  1. People of India ALREADY want Modi to be PM. ASAP!!

    ReplyDelete
  2. chitrakut,
    Lte us see when that happens....

    ReplyDelete