Large conglomerates from India and abroad announced huge investment and job creation plans at the two-day Vibrant Gujarat Summit, which kicked off Sunday in presence of Prime Minister Narendra Modi and leaders from across the world.
In an interview to CNBC-TV18, Kumar Mangalam Birla, Chairman, Aditya Birla Group, said that for any investor, not just foreign entrepreneurs, stability and visibility is a good thing.
He feels the pick up in manufacturing is very important for the country, given the fact that we have such young population. “This government recognizes that and it is doing all the right things to promote manufacturing, so one is very hopeful,” he said.
First conceptualised in 2003, Vibrant Gujarat is Modi's pet project. The key speakers at the event include US Secretary of State John Kerry and UN Secretary General, Ban Ki Moon. The Prime Minister's 'Make in India' campaign got a thumbs up from Indian and global honchos. India Inc too promised big bucks to Gujarat.
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