In a move to pass on the benefits of growing investments to social sector in Gujarat, the state government desires the upcoming cement plants to spare 3 per cent of net cement production for social causes.
For starters, just take a look at these facts and figures: In the past decade, Rs 99,805 crore has been invested in infrastructure in Gujarat, and the investment planned for the next decade is Rs 1,180,912.
Of the total 229 MoUs worth Rs 7,84,011 crore signed in the energy sector during the Vibrant Gujarat Global Investors' Summits 2009 and 2011, 35 projects worth Rs 27,170.06 have been commissioned as of December 31, 2011.
The Karnataka Government plans to set up four gas-fired power plants of 700 MW each in the state and is expected to invite tariff-based bidding from private investors soon after it signs the long-term gas supply contract.
To invest in residential projects Madison India Real Estate Fund is planning to raise $100 million from overseas investors. The fund is expected to get closed in a couple of months. Madison India Real Estate Fund is a Mauritius-based investment company focused on making investments in the emerging real estate market in India.
Gujarati investors are exploring destinations overseas. If experts are to be believed, the US, South Africa and Dubai real estate markets are fast emerging as attractive markets for Gujaratis. The real estate market in the state, particularly Ahmedabad, is investor-driven.
Rob Blain, Chief Executive Officer and Chairman of CB Richard Ellis-Asia Pacific said he expects more foreign funds to flow into Indian real estate market with an improvement in market sentiment. All funds are spreading their risks and are going towards emerging markets as well. The company hopes to facilitate more capital flow into India, he said.