Special Correspondent

HYDERABAD: A high-level team from Gujarat led by Minister for Industry and Finance Saurabh Patel invited entrepreneurs and industry captains from AP to invest in various focus sectors in Gujarat State and take advantage of fast track growth.

The delegation had an interactive session with business and industry leaders here on Tuesday in connection with the ‘Vibrant Gujarat Global Investors Summit 2009’ being held in Ahmedabad on January 12 and 13. The earlier global summits brought investments to the tune of $200 billion, said Utpal Sen Gupta, chairman of CII (AP).

Gujarat, Mr. Patel saidhad a sound infrastructure and social sector development, connectivity, uninterrupted power supply, efforts to emerge as energy surplus by adding more than 10,000 mw of power for daily consumption in the next five years.

Instead of giving tax incentives, Gujarat believes in a ‘hand-holding policy’ to ensure projects were grounded as per schedule.

For instance, Bombardier group which set up the project in June, 2007 would roll out its first metro in May 2009, said Principal Secretary, Industries Ms. Gauri Kumar.

Creation of additional 25,000 hectares of land bank in the next three years, 2,200 km gas grid pipeline by 2010, comprehensive legislations for single window clearance and special investment regions, exclusive policies for mining, solar power, efficient system of e-governance, Delhi Mumbai growth corridor, dedicated freight corridor, were other attractions.