Ahead of the eighth edition of Vibrant Gujarat Global Summit (VGGS) 2017, the Gujarat Government’s nodal agency for investor facilitation – iNDEXTb and China’s Pacific Construction Goup signed a Memorandum of Understanding of $ 5.5 billion on Thursday for the infrastructure development of the State.
The delegation also met Gujarat Chief Minister Vijay Rupani before signing the MoU. The delegation of the Chinese corporation headed by its vice chairman Deng Shuguang discussed investment opportunities in the State as well as ease of doing business and policy environment in Gujarat with the Chief Minister Rupani.
“Gujarat government ensures all the support to the Chinese corporation. We look forward to timely completion of their projects and I am confident that these projects will help us make Gujarat a future-ready State,” said PK Taneja Additional Chief Secretary of Industries and Mines Department, adding that as per the MoU, the Government of Gujarat will provide necessary support to Pacific Construction Group in obtaining necessary permissions, registrations, approvals, clearance, etc. from the concerned departments of the State.
During signing ceremony K Kailashnathan, Chief Principal Secretary to Chief Minister, PK Taneja, Additional Chief Secretary, Industries and Mines; S Aparna, Principal Secretary to Chief Minister; Sanjay Prasad, Principal Secretary, Agriculture Department; Mamta Verma, Industries Commissioner and Rajkumar Beniwal, MD, iNDEXTb remained present.
The Pacific Construction Group, founded in 1995 is China’s largest private builder and the company is ranked 99 in the Fortune Global 500 companies. The company along with its subsidiaries are principally engaged in the construction business and infrastructure projects investment, including municipal facilities, transportation infrastructures and facilities, water conservancy, bridge construction, industrial and civil construction, port and wharf construction, metro projects, tunnels, viaduct, navigation-power junction, water supply and drainage, sewage disposal, waste disposal, urban function and other construction related business areas.