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Saturday, January 12, 2013

India Inc calls Narendra Modi leader with vision

Anil Ambani teams up with China’s WandaNarendra Modi making false claims, Congress saysNarendra Modi accused of crony capitalismInflation: Narendra Modi demands Sonia's apologyGadkari’s plight a Narendra Modi plot? GANDHINAGAR: There were no lofty investment promises but captains of the industry and a battery of foreign diplomats queued up to hail Gujarat's economic progress on Friday when the sixth edition of the two-day Vibrant Gujarat business summit started at Mahatma Mandir here on Friday. Apart from tycoons, several foreign dignitaries, including Japanese ambassador to India Takashi Yagi, Canadian high commissioner Stuart Beck and UK high commissioner James Bevan were present. As were heads of US India Business Council, UK India Business Council and Japan External Trade Organisation. While most industry captains praised Modi, the most lavish praise came from ADAG chairman Anil Ambani, who placed Modi on the same pedestal as Mahatma Gandhi, Sardar Patel and Dhirubhai Ambani, as a visionary. He called Modi "king of kings"; at last year's Vibrant Gujarat, Anil Ambani had controversially said Modi should become a national leader. Ratan Tata, the star attraction of the 2009 Vibrant Gujarat summit for bringing Nano factory to Gujarat from West Bengal, said Gujarat stands out, the credit for which goes to Narendra Modi. He has set "high standards" for investment, said Tata. Adi Godrej, who came as Confederation of Indian Industries (CII) representative, spoke of Modi's "futuristic approach" in making Gujarat "one of the best investment destinations". Shashi Ruia of Essar, whose company was forced to pay thousands of crores as sales tax dues to Gujarat government, also referred to "Modi's vision and unparalleled leadership" — which was in complete contrast to his reference to being treated as "ghar ki murgi" (taken for granted) at a previous summit. Most tycoons confined their focus on what they called "the entrepreneurial spirit of Gujarat". In fact, speaking of the great strides made by Gujarat in the past, General Motors' Lowell C Paddock recalled how Halol, where the GM plant came up decades ago, was connected with a "high-speed highway" with Vadodara. "Earlier, it took four hours to reach Vadodara but after the highway it takes just half-an-hour," he said. Modi, who concluded the inaugural ceremony, said this summit was about "finding solutions" to the impact of global slowdown. "Despite the slowdown, Gujarat did reasonably well," he claimed, adding, "We did well with 10% rate of growth in service, industry and agricultural sectors." Modi further claimed Gujarat accounts for 72% of nation's employment generation, and the growth rate of small and medium industries was 85% in a year. The Times of India News

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