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Farmers are dying in Gujarat too

But Chief Minister Narendra Modi would have the world believe that they are driving around in Maruti cars.


20070615001604101.jpg


Grieving relatives of the Kakane family, whose four elder members committed suicide by drowning in the sea off Somnath as a way out of the clutches of the moneylender.

"Gujarat's farmers are not like those in other States. Our farmers drive Maruti cars," Chief Minister Narendra Modi declares in his speeches at public meetings. However, the widows of farmers have a different story to tell.

Prabhaben Pungalpara was at her sister's house when her husband Ramesh hanged himself. His relatives rushed him to a hospital in Rajkot but it was too late. Says Prabhaben, who is from Sarapdar village: "I have two daughters and a son. I sold off our two buffaloes after he [Ramesh] died. My son has gone to Surat to work in a diamond-polishing workshop. Ramesh's brothers take care of us," says Prabhaben.

The brothers own a 20-acre (2.5 acres is 1 hectare) farm in which Ramesh too had a share. "Our cotton and jeera crops failed for two years, so he was very tense," says his brother Amarsibhai. But the police report says he killed himself because of a family dispute. "The first information report [FIR] said that he died because his crop failed, but later the police changed the story," says Prabhaben. "They told me `you have such a big house, there must be some other reason for the suicide. If we provide compensation in one case, people will start killing themselves and their families will start claiming compensation'. The police just want to suppress the case."

"If the government can help widows in Maharashtra, why can't it help women in Gujarat?" asks Prabhaben. Across Gujarat, farmers' suicides are either unreported or wrongly reported. Ironically, the people protesting against this are from the Bharatiya Kisan Sangh (BKS), the farmers' wing of the ruling Bharatiya Janata Party.

20070615001604102.jpg


Pahubhai Dakhada, 35, preferred death to a life of debt.

"The State is hiding the truth about the rising number of farmers' suicides," Praful Sanjelia, Gujarat president of the BKS said at a press conference recently. "While the government declared that there were 148 farmers' suicides last year, our estimate of the figure is around 300," he said and alleged that the police were concealing the suicides. "The police are not registering FIRs, so many cases go unreported. If they do file a case, they attribute the reasons for the suicide to social tension and domestic disputes. Actually, it is a farmer's financial crisis that could cause other problems such as fights in the family."

"There are several police reports that say the person was ill and by mistake swallowed pesticide instead of medicine. Those are the ridiculous things they do to disguise the actual number of farmers suicides," says Vinubhai Dudheet, a BKS leader in Amreli. "We are angry with the BJP government and have launched several campaigns against its policies. It has done nothing for farmers and now it wants to give away our land to industrialists for special economic zones."

But why is the BKS going against its own government? The BKS first rebelled against the Modi government when it doubled power tariffs. The BKS founder and Rashtriya Swayamsewak Sangh (RSS) pracharak Laljibhai Patel, went on a hunger strike on the banks of the Sabarmati in Ahmedabad. Since then, the BKS has been at loggerheads with the Chief Minister.

"Most BKS activists used to benefit from being aligned with the ruling party. They had clout with the local administration and used to get contracts and so on. Now, it is not so easy. So they too have an axe to grind with Modi," said a local journalist.

20070615001604103.jpg


Pahubhai Dakhada's wife Vajuben has to run the family from the confines of her house because widows in her community should not be seen in public.


The BKS cadre is from the core constituency of the Sangh Parivar, comprising traders and big landlords, whose business interests range from sand mining and stone crushing to hotels. But to gain local political support and clout they realise it is crucial to raise issues relating to farmers. That is why they are doing their best to bring farmers' concerns into focus and embarrass the government.

Whatever the political motives of the BKS, there is no doubt that small farmers in Gujarat are in distress. Besides the police, families too have not reported suicides of their loved ones. Many widows are scared of going to the police. "Though his suicide was reported in the newspaper, I didn't report it to the police. I didn't want to be harassed. They demand money and I didn't have any," said Vajuben Dhakhada, 30, from Vadli village whose husband Pahubhai, 35, died in July 2006. "In the past two years, our crops failed. We had a debt of Rs.50,000 and he kept worrying about looking after our three small children with no money and no crop." Now, Vajuben is dependent totally on her relatives. She is a darbar (Rajput) widow and is not allowed to leave the confines of her home, not even to fetch water from the well. Her children help her with the work outside their home.

In the same village (Vadli), Prassanben has a similar story to tell. Her husband Anakbhai Dhakada, 32, killed himself in April 2007. She is in purdah and cannot leave the house. Luckily, she lives in a joint family. Like Vajuben, she too did not want to have anything to do with the police.

When contacted by Frontline, Agriculture Minister Bhupendra Singh Chudasama said: "Not a single farmer in Gujarat has committed suicide." This contradicts his government's figure of 148 farmer suicides in 2006. "The reasons for those suicides are family problems, people have many marriages in their families... . It is not the government's responsibility," he said.

Often, farmers who are heavily in debt worry about marriage expenses of their daughters. Agriculture is no longer profitable - the price at which they sell their produce is invariably far below the production cost. Hence, farmers' loans and interest burden increase every year, until finally debt consumes them.

20070615001604104.jpg


Vajuben's only solace is her three children who share her burden.
In November 2006, the elders of the Kakane family - Vallabh, 80, his son Mansukh, 40, and their wives - drowned themselves in the sea near Somnath. Now their house in Pania Dev village is locked and abandoned. Mansukh's three sons went off to Surat in search of work. "This tragedy happened because they could not pay off their huge debt," said Nilesh, their nephew. "They borrowed Rs.1.5 lakh at an interest rate of 60 per cent to pay off their power bills. The moneylender demanded Rs.12 lakh, including interest. They offered him their land but he did not want it." They were under so much pressure that they couldn't even eat properly. They would sit in my parents' house and ask them what to do," says Nilesh. "Almost half the village is in the grip of moneylenders. They give a loan and then they claim everything."

The most industrialised state, `Vibrant Gujarat', seems more feudal than modern. "The moneylender inflicts terror in the village," says Nilesh. "They took away a Dalit's home after he borrowed Rs.5,000, but no one will dare speak out. They will even pretend that the suicides in my family never happened. The moneylenders are thugs and they have the police on their side." "Not a single small farmer is doing well, we are all starving," says Kanubhai Ganniya, a farmer with five acres of land in Malak Nes village. "Many people are leaving the village or getting into other businesses. The cost of inputs such as seeds and pesticides is rising every year. But the price of cotton has not increased as much." Farmers estimate that they spend between Rs.7,000 and 16,000 an acre, but get around Rs.13,000-16,000 for the crop harvested on one acre.

Gujarat was considered the rare cotton-growing State that was immune to farmers' suicides. Now inflation and the unsustainable commercial mode of cultivation have affected them too. "Earlier, farmers only had to pay for seeds. Now, they pay for everything - tractor, power, water and labour. Farming has become more cost-intensive and less viable," says Sudarshan Iyengar, Vice-Chancellor, Gujarat Vidyapith.

Cotton yield in Gujarat is higher than that in other States, For instance, it is three three times more than that of Maharashtra, where the suicide rate is the highest. Also 44 per cent of cotton farms in Gujarat are irrigated, compared with 4 per cent in Maharashtra and 18 per cent in Andhra Pradesh, where too many cases of suicide have been reported. Irrigation improves yield and reduces risks.

Besides, as in Andhra Pradesh and Maharashtra, almost all cotton farmers use genetically modified Bt seeds, which is resistant to the bollworm, a common pest. However, many farmers use illegal homebred versions of Bt seeds, which are cheaper than the Monsanto-MAHYCO Bollgard brand.

But the costs of water, which farmers buy from borewell owners, and power have gone up. "A pair of jeans that weighs around 500 grams sells for Rs.1,500-1,700 in the designer stores, but we get only Rs.13 for 500 grams of cotton. Those who are processing get all the profit, not those who produce," said Vinubhai.

At Malak Nes village, a group of farmers eagerly showed this correspondent their slippers. They threw them on the floor and said, "Our slippers have gaping holes and are broken. Can you please send them to Narendra Modi? And ask him which farmer in Gujarat has a Maruti? We can't even afford a new pair of slippers."
 
Gujarat in deep debt: Chidambaram
15 Dec, 2007, 0256 hrs IST, TNN
AHMEDABAD: Finance minister P Chidambaram on Friday questioned the very basis of the Narendra Modi government’s claim of a higher growth rate by making it known that Gujarat was one among the six states which are “classified as highly indebted.”

“Due to the high borrowings, Gujarat falls among the six states which are classified as highly indebted along with West Bengal, Punjab, Rajasthan, Kerala and Maharashtra,” Mr Chidambaram who was here to campaign for the Congress told journalists at a news conference here.

Mr Chidambaram said the state was following a wrong model: “Gujarat’s model of running finances is poor. Gujarat has a debt burden of Rs 94,000 crore which wasonly Rs 45,301 crore in 2001-02. Gujarat has borrowed beyond its capacity.” Modi’s generation will not be affected but it will affect future generations of the state. In the long run, these borrowing will badly damage Gujarat’s interests.”

“Moreover, there is no inclusive growth in the state,” By following such a model, he said, “the poor and weaker sections of Gujarat have been hurt very badly. Interests payments alone consume 23.5 per cent of the revenue of Gujarat. Gujarat finances its plans by borrowing. Borrowing is not bad, but you cannot borrow beyond your capacity.”

“Is this the way to finance expenditure? In my view it is not the way. The way to finance expenditure is by better tax administration and better tax collection. Gujarat is the 17th state among 18 large states in terms of statutory expenditure in the social sector. It spends only 31.6%of its budgetary expenditure on social sector,” he said adding “new states like Chattisgarh, Jharkhand, Uttaranchal spend more on the sector. The dangers of continuing with such a government are too great, too damaging,” he said while appealing the people of Gujarat to vote out the Modi government from power.

When asked what Congress will do to wipe out the debt burden, Chidambaram said, “nobody can wipe out the accumulated debt overnight. But debt can be wiped out by reducing borrowing, improving tax administration and cutting back wasteful expenditure.”

On Modi’s claim that the BJP government has not been receiving central assistance, Chidambaram said, “Gujarat has received more than any other states in the country’s history during the last four years. We have helped Gujarat secure unilateral and bilateral funding,” he said adding that Gujarat has received funding from ADB and World Bank, Netherlands government and KFW Germany.

“The funding would not have been possible without the help of the central government,” the finance minister said. The finance minister accused Mr Modi of pursuing a “divisive, sectarian, narrow, partisan and communal agenda. Instead of uniting the people of Gujarat, sending a message of reassurance to all and speaking for the people of the state, Narendra Modi has pursued a divisive, sectarian, narrow, partisan and communal agenda,” he said.
 
Continue...:D:D:D:D:D i AM LOVING IT...:lol:

Emami Biotech plans to set up edible oil
plants in AP, Gujarat
March 19, 2011



Emami Biotech, a part of the Emami Group,
is planning to set up two new plants, one in
Andhra Pradesh and another in Gujarat.
The company has already commenced work
for the new plant at Krishnapatnam in
Andhra Pradesh at an investment of Rs 250
crore. The plant is expected to have a
capacity to produce 1,000 tpd of palm oil
and 300 tpd of sunflower oil. The plant is
likely to be ready by 2010-11.
Further, the company is setting up another
unit at Pipapav in Gujarat with a similar
capacity and investment. However, in
Gujarat, apart from palm oil, groundnut will
be the second oil option. This plant is likely
to come up in the next financial year
.
 
Gujarat, Tamil Nadu top the economic freedom graph
Submitted by Ketan Sharma on Tue, 03/15/2011 - 11:58


Planning Commission has organized to release a list of states that topped the economic freedom graph on Monday. Montek Singh Ahluwalia, deputy chairman of Planning Commission had announced the economic freedom list of 2009 showing Andhra Pradesh and Gujarat were the most improved states.:coffee:

While Economic Freedom Rankings of the, States of India, 2011 sited Tamil Nadu on the top position followed by Gujarat and Andhra Pradesh. Economic freedom list 2011 was organized by Indicus Analytics, the Cato Institute and Fur Die Freiheit. Earlier Andhra Pradesh was placed at seventh position but shifting up from seventh position has been made possible by state’s progress on three fronts.Andhra Pradesh state had worked hard to reduce the relative size of government, its legal institutions and labour and business regulation. All these steps help the state to increase its growth two times from 5.59% to 9.07%. The state had witnessed constant increase in growth rate as compared to all the other states in India.

Andhra Pradesh has also initiated various welfare programmes that help the state to improve its relative size but the improvement was only marginally. Welfare programmes are termed as ‘freebies’ by the report. One of the authors of the report, famous economist Swaminathan Aiyar said that the people were criticizing various populist schemes because they believe that these schemes are irrational and untargeted and would deplete the funds unnecessary without producing real growth.

Gujarat, Tamil Nadu top the economic freedom graph | Stock Watch

I think this the final nail in frustrated bilal ji coffin :p:cry:
 
Thanks to this thread, people learned a lot of positives about the state of Gujarat. The industrialization and development is truly beyond what we have seen in other states. If other states match Gujarat , the millennium achievement goals will be met in no time. Please post more about Modi and his policies and articles on development and also on his approach towards minorities.

PS: Special thanks for the entertainer.
 
Farmers are dying in Gujarat too

But Chief Minister Narendra Modi would have the world believe that they are driving around in Maruti cars.


20070615001604101.jpg


Grieving relatives of the Kakane family, whose four elder members committed suicide by drowning in the sea off Somnath as a way out of the clutches of the moneylender.

"Gujarat's farmers are not like those in other States. Our farmers drive Maruti cars," Chief Minister Narendra Modi declares in his speeches at public meetings. However, the widows of farmers have a different story to tell.

Prabhaben Pungalpara was at her sister's house when her husband Ramesh hanged himself. His relatives rushed him to a hospital in Rajkot but it was too late. Says Prabhaben, who is from Sarapdar village: "I have two daughters and a son. I sold off our two buffaloes after he [Ramesh] died. My son has gone to Surat to work in a diamond-polishing workshop. Ramesh's brothers take care of us," says Prabhaben.

The brothers own a 20-acre (2.5 acres is 1 hectare) farm in which Ramesh too had a share. "Our cotton and jeera crops failed for two years, so he was very tense," says his brother Amarsibhai. But the police report says he killed himself because of a family dispute. "The first information report [FIR] said that he died because his crop failed, but later the police changed the story," says Prabhaben. "They told me `you have such a big house, there must be some other reason for the suicide. If we provide compensation in one case, people will start killing themselves and their families will start claiming compensation'. The police just want to suppress the case."

"If the government can help widows in Maharashtra, why can't it help women in Gujarat?" asks Prabhaben. Across Gujarat, farmers' suicides are either unreported or wrongly reported. Ironically, the people protesting against this are from the Bharatiya Kisan Sangh (BKS), the farmers' wing of the ruling Bharatiya Janata Party.

20070615001604102.jpg


Pahubhai Dakhada, 35, preferred death to a life of debt.

"The State is hiding the truth about the rising number of farmers' suicides," Praful Sanjelia, Gujarat president of the BKS said at a press conference recently. "While the government declared that there were 148 farmers' suicides last year, our estimate of the figure is around 300," he said and alleged that the police were concealing the suicides. "The police are not registering FIRs, so many cases go unreported. If they do file a case, they attribute the reasons for the suicide to social tension and domestic disputes. Actually, it is a farmer's financial crisis that could cause other problems such as fights in the family."

"There are several police reports that say the person was ill and by mistake swallowed pesticide instead of medicine. Those are the ridiculous things they do to disguise the actual number of farmers suicides," says Vinubhai Dudheet, a BKS leader in Amreli. "We are angry with the BJP government and have launched several campaigns against its policies. It has done nothing for farmers and now it wants to give away our land to industrialists for special economic zones."

But why is the BKS going against its own government? The BKS first rebelled against the Modi government when it doubled power tariffs. The BKS founder and Rashtriya Swayamsewak Sangh (RSS) pracharak Laljibhai Patel, went on a hunger strike on the banks of the Sabarmati in Ahmedabad. Since then, the BKS has been at loggerheads with the Chief Minister.

"Most BKS activists used to benefit from being aligned with the ruling party. They had clout with the local administration and used to get contracts and so on. Now, it is not so easy. So they too have an axe to grind with Modi," said a local journalist.

20070615001604103.jpg


Pahubhai Dakhada's wife Vajuben has to run the family from the confines of her house because widows in her community should not be seen in public.


The BKS cadre is from the core constituency of the Sangh Parivar, comprising traders and big landlords, whose business interests range from sand mining and stone crushing to hotels. But to gain local political support and clout they realise it is crucial to raise issues relating to farmers. That is why they are doing their best to bring farmers' concerns into focus and embarrass the government.

Whatever the political motives of the BKS, there is no doubt that small farmers in Gujarat are in distress. Besides the police, families too have not reported suicides of their loved ones. Many widows are scared of going to the police. "Though his suicide was reported in the newspaper, I didn't report it to the police. I didn't want to be harassed. They demand money and I didn't have any," said Vajuben Dhakhada, 30, from Vadli village whose husband Pahubhai, 35, died in July 2006. "In the past two years, our crops failed. We had a debt of Rs.50,000 and he kept worrying about looking after our three small children with no money and no crop." Now, Vajuben is dependent totally on her relatives. She is a darbar (Rajput) widow and is not allowed to leave the confines of her home, not even to fetch water from the well. Her children help her with the work outside their home.

In the same village (Vadli), Prassanben has a similar story to tell. Her husband Anakbhai Dhakada, 32, killed himself in April 2007. She is in purdah and cannot leave the house. Luckily, she lives in a joint family. Like Vajuben, she too did not want to have anything to do with the police.

When contacted by Frontline, Agriculture Minister Bhupendra Singh Chudasama said: "Not a single farmer in Gujarat has committed suicide." This contradicts his government's figure of 148 farmer suicides in 2006. "The reasons for those suicides are family problems, people have many marriages in their families... . It is not the government's responsibility," he said.

Often, farmers who are heavily in debt worry about marriage expenses of their daughters. Agriculture is no longer profitable - the price at which they sell their produce is invariably far below the production cost. Hence, farmers' loans and interest burden increase every year, until finally debt consumes them.

20070615001604104.jpg


Vajuben's only solace is her three children who share her burden.
In November 2006, the elders of the Kakane family - Vallabh, 80, his son Mansukh, 40, and their wives - drowned themselves in the sea near Somnath. Now their house in Pania Dev village is locked and abandoned. Mansukh's three sons went off to Surat in search of work. "This tragedy happened because they could not pay off their huge debt," said Nilesh, their nephew. "They borrowed Rs.1.5 lakh at an interest rate of 60 per cent to pay off their power bills. The moneylender demanded Rs.12 lakh, including interest. They offered him their land but he did not want it." They were under so much pressure that they couldn't even eat properly. They would sit in my parents' house and ask them what to do," says Nilesh. "Almost half the village is in the grip of moneylenders. They give a loan and then they claim everything."

The most industrialised state, `Vibrant Gujarat', seems more feudal than modern. "The moneylender inflicts terror in the village," says Nilesh. "They took away a Dalit's home after he borrowed Rs.5,000, but no one will dare speak out. They will even pretend that the suicides in my family never happened. The moneylenders are thugs and they have the police on their side." "Not a single small farmer is doing well, we are all starving," says Kanubhai Ganniya, a farmer with five acres of land in Malak Nes village. "Many people are leaving the village or getting into other businesses. The cost of inputs such as seeds and pesticides is rising every year. But the price of cotton has not increased as much." Farmers estimate that they spend between Rs.7,000 and 16,000 an acre, but get around Rs.13,000-16,000 for the crop harvested on one acre.

Gujarat was considered the rare cotton-growing State that was immune to farmers' suicides. Now inflation and the unsustainable commercial mode of cultivation have affected them too. "Earlier, farmers only had to pay for seeds. Now, they pay for everything - tractor, power, water and labour. Farming has become more cost-intensive and less viable," says Sudarshan Iyengar, Vice-Chancellor, Gujarat Vidyapith.

Cotton yield in Gujarat is higher than that in other States, For instance, it is three three times more than that of Maharashtra, where the suicide rate is the highest. Also 44 per cent of cotton farms in Gujarat are irrigated, compared with 4 per cent in Maharashtra and 18 per cent in Andhra Pradesh, where too many cases of suicide have been reported. Irrigation improves yield and reduces risks.

Besides, as in Andhra Pradesh and Maharashtra, almost all cotton farmers use genetically modified Bt seeds, which is resistant to the bollworm, a common pest. However, many farmers use illegal homebred versions of Bt seeds, which are cheaper than the Monsanto-MAHYCO Bollgard brand.

But the costs of water, which farmers buy from borewell owners, and power have gone up. "A pair of jeans that weighs around 500 grams sells for Rs.1,500-1,700 in the designer stores, but we get only Rs.13 for 500 grams of cotton. Those who are processing get all the profit, not those who produce," said Vinubhai.

At Malak Nes village, a group of farmers eagerly showed this correspondent their slippers. They threw them on the floor and said, "Our slippers have gaping holes and are broken. Can you please send them to Narendra Modi? And ask him which farmer in Gujarat has a Maruti? We can't even afford a new pair of slippers."

source: Farmers are dying in Gujarat too

Article is 4 years old.
 
Gujarat in deep debt: Chidambaram
15 Dec, 2007, 0256 hrs IST, TNN
CHECK OUT THE DATE PLZ :p:rofl:
AHMEDABAD: Finance minister P Chidambaram on Friday questioned the very basis of the Narendra Modi government’s claim of a higher growth rate by making it known that Gujarat was one among the six states which are “classified as highly indebted.”

“Due to the high borrowings, Gujarat falls among the six states which are classified as highly indebted along with West Bengal, Punjab, Rajasthan, Kerala and Maharashtra,” Mr Chidambaram who was here to campaign for the Congress told journalists at a news conference here.

Mr Chidambaram said the state was following a wrong model: “Gujarat’s model of running finances is poor. Gujarat has a debt burden of Rs 94,000 crore which wasonly Rs 45,301 crore in 2001-02. Gujarat has borrowed beyond its capacity.” Modi’s generation will not be affected but it will affect future generations of the state. In the long run, these borrowing will badly damage Gujarat’s interests.”

“Moreover, there is no inclusive growth in the state,” By following such a model, he said, “the poor and weaker sections of Gujarat have been hurt very badly. Interests payments alone consume 23.5 per cent of the revenue of Gujarat. Gujarat finances its plans by borrowing. Borrowing is not bad, but you cannot borrow beyond your capacity.”

“Is this the way to finance expenditure? In my view it is not the way. The way to finance expenditure is by better tax administration and better tax collection. Gujarat is the 17th state among 18 large states in terms of statutory expenditure in the social sector. It spends only 31.6%of its budgetary expenditure on social sector,” he said adding “new states like Chattisgarh, Jharkhand, Uttaranchal spend more on the sector. The dangers of continuing with such a government are too great, too damaging,” he said while appealing the people of Gujarat to vote out the Modi government from power.

When asked what Congress will do to wipe out the debt burden, Chidambaram said, “nobody can wipe out the accumulated debt overnight. But debt can be wiped out by reducing borrowing, improving tax administration and cutting back wasteful expenditure.”

On Modi’s claim that the BJP government has not been receiving central assistance, Chidambaram said, “Gujarat has received more than any other states in the country’s history during the last four years. We have helped Gujarat secure unilateral and bilateral funding,” he said adding that Gujarat has received funding from ADB and World Bank, Netherlands government and KFW Germany.

“The funding would not have been possible without the help of the central government,” the finance minister said. The finance minister accused Mr Modi of pursuing a “divisive, sectarian, narrow, partisan and communal agenda. Instead of uniting the people of Gujarat, sending a message of reassurance to all and speaking for the people of the state, Narendra Modi has pursued a divisive, sectarian, narrow, partisan and communal agenda,” he said.

do CHECK OUT THE DATE HERE ,BILAL JI............
 
Rama Pulp and Papers plans to invest INR
65 crore to expand specialty paper
production capacity



As per report the company will invest INR
10 crore to enhance carbon base paper
production from 7,000 tonnes per annum to
30,000 tonnes per annum over two years.
The company currently commands a market
share of 50%.
Mr Mahesh Mehta director of Rama Pulp
said that carbon
base papers are in
good demand both
in India and abroad
with Walmart Inc
willing to pay INR 70 a kg for its
requirement of 10,000 tonnes per annum.
He added that “The opportunity for exports
is immense as US has banned imports of
paper less than 13 grams from China.
Moreover, there only 15 mills in India that
produce carbon papers.”
On the back of good demand, Rama Pulp
has managed to pass on the incremental
cost to end-users. Prices of waste paper,
one of the key raw materials imported from
the US, have been on a rise due to short
supply. The report said that Rama Pulp has
already placed orders worth INR 15 crore
for the boilers to set up thermal power
plant with an initial capacity of 15 MW to
be raised to 50 MW in phases with a
cumulative investment of INR 160 crore.
It has appointed Mitcon to execute the
power project. The promoters have
invested INR 20 crore by subscribing to
convertible warrants and have accumulated
INR 7 crore from internal accruals.
 
Monnet Ispat lines up Rs 2,400 crore for
cement plants
March 20, 2010


NEW DELHI: Monnet Ispat & Energy (MIEL)
will set up cement plants in Chhattisgarh
and Gujarat with an investment of about Rs
2,400 crore, as it embarks on an expansion
and diversification drive. Work on the two
plants will begin in the October-December
quarter under a new division of the
company to be christened Monnet Cement,
an industry executive familiar with the
development said.
The project is expected to become
operational in three years, he said,
requesting anonymity. The metals-toenergy conglomerate will initially set up a
three million tonne cement plant in
Chhattisgarh, close to its existing sponge
iron and steel melting facilities in Raipur,
with a total investment of Rs 1,400 crore.
MIEL executive vice-chairman and
managing director Sandeep Jajodia said the
company is looking at various options to
expand. MIEL also plans to set up a 2 MT
cement plant in Gujarat with an investment
of close to Rs 1,000 crore. A limestone
deposit has already been identified by the
state government for transferring to the
company. MIEL, however, is yet to identify
the location of the proposed steel plant.
“MIEL’s plans for cement foray are in line
with its diversification plan of the company.
Its steel making and power generation
facilities will generate huge amounts of ash
and slag that can go as input for the cement
facility. With the infrastructure sector
poised for a fast growth in the coming
years, the new line of business will
definitely add to the company’s topline,”
said a consultant who asked not to be
named.
Monnet power, the commercial power
generation arm of the company is already
setting up a 1,050 mw power plant in
Orissa. It looks to reach a total power
capacity of 5,000 mw by 2014-15, with new
projects expected to come up in Andhra
Pradesh and Gujarat. MIEL is also setting up
a 1.5 MT integrated steel making facility in
Chhattisgarh.
 
Thanks to this thread, people learned a lot of positives about the state of Gujarat. The industrialization and development is truly beyond what we have seen in other states. If other states match Gujarat , the millennium achievement goals will be met in no time. Please post more about Modi and his policies and articles on development and also on his approach towards minorities.

PS: Special thanks for the entertainer.

Gujarat Rocks, we love Gujarat! Gujarat is GOOD for India if India haters hate Gujarat!

Thank the entertainer for opening our eyes to this simple truth!
 
Gujarat posted an impressive 12.99% Gross State Domestic Product growth:coffee::azn:

Gujarat is one of India’s most industrialized states with a wide variety of industries, chief amongst them being general and electrical engineering, textile manufacture, vegetable oils, chemicals, soda ash and cement but new industries in fertilizers and petrochemicals are as well emerging.



Despite the global financial meltdown, Gujarat economy thrived thanks to investments by the Indian Diaspora and companies. This was evident at the yearly Gujarat summit that brings overseas companies Gujaratis together. Companies that attended the summit in January committed to investments of over $240 billion in a memorandum of understanding. The state had moved from beyond the 200 industrial estates and 60 Special Economic Zones to it had initially to Special Investment Regions. The Special Investments Regions are expected to over see global economic activity with a support base of world class infrastructure, centers of excellence, premium civic amenities and a proactive policy framework. According to a Deutsche Bank Study, Gujarat offers the most favorable outlook for growth and demand for infrastructure projects. The Indian government reported that in 2009/2010 fiscal year, Gujarat posted an impressive 12.99% Gross State Domestic Product growth, way above the targeted value that was marked at 11.2% by the planning commission under the Five Year Plan covering 2007/2012.



The state is planning to achieve a 14% and 15% growth in the in the 2010/2011 and 2011/2012 fiscal years respectively thanks to its remarkable GSDP; when compared to the Country’s probable GDP growth of 7.2%. Further more, it targets to achieve 11.2% growth in the 11th Five Year Plan as opposed to the 9% set by the Country. Gujarat recorded an economic annual growth rate of 15.04% during the last six years, one of the highest in the Country with its GDP at current prices in 2009/2010 being estimated at Rs 3,81,028 compared to Rs 3,37,217 crore in 2008/2009. This shows an increase of 13%. While there was a slight fall in GSDP during the global recession on the Indian economy, Gujarat state’s economy made a quick recovery and continues to maintain its high growth trajectory. In 2008/2009 fiscal year, the shares of primary, secondary and tertiary sectors in the sum value of GSDP growth stood at 17.76%, 42.05% and 41.19% respectively against those posted in these sectors in the 1999/2000 base year that were 18.62%, 39.21% and 42.17%.



The GSDP indexes are reflective of the continued balanced growth of Gujarat’s economy and its projections for the next two years of the current Five Year Plan are expected to accelerate its growth rate to 14% and 15%.

:wave::wave:Gujarat posted an impressive 12.99% Gross State Domestic Product growth | Invest in India
 
Gujarat to build Ahmedabad-BhavnagarDholera Express way
March 19, 2010


yamunaexpressway.jpg


The Government of Gujarat will build the
first Express highway on its own between
Ahmedabad and Bhavnagar via Sarkhej,
Pipali, Dholera.
Speaking in the assembly, state minister
Anandiben Patel said the proposed highway
would also cover Dholera Special
Investment Region where international
airport is also planned at Fedra.
Patel said the 48-km long road connecting
Bharuch and Dahej would be converted into
six lane.
“With the help of the World Bank, the state
of Gujarat completed works of 1856 km
long state roads between 2002 and 2007
spending Rs 1800 crore. The World Bank in
its Implementation Completion report has
rated the works in Gujarat as satisfactory.
This has paved a way for new scheme of Rs
2100 crore that the state has proposed to
the World Bank for approval. MOU between
World Bank and Gujarat are expected in
near future in this regard,” the minister
added.
Minister Patel also briefed the house about
state’s plan to build Panchamrut Bhavan
opposite the assembly complex. Rs 55 crore
are proposed for this building in year 2010-
11 budget. A central Vista will be developed
in Gandhinagar between Gh-4 and Railway
station.
Major Highlights
-Work to broaden the 152 km-long
Ahmedabad-Bhavnagar road via Dholera
special investment region (SIR) to 10 metres
will be completed this year (2010-11).
-This will be followed by turning this same
highway into an expressway two years later
at the cost of Rs 2,200 crore. Land
acquisition and mapping for this express
way will start in 2010-11. The road will
cover proposed international airport at
Fedra. The express way will be completed
by 2013.
-Every district headquarters will be ‘joined
with adjoining district headquarters by at
least one 10 metre- wide road’ at a cost of
Rs 100 crore.
-State highways passing through taluka
headquarters will be four-laned, complete
with footpaths, streetlights and drainage.
-In 2010-11, the state government proposes
to start six-laning of 185 km roads at the
cost of Rs 1,584 crore and four-laning of
646 km roads at Rs 5,410 crore. The
government also plans to widen 1,143 kmlong roads to 10 metres at the cost of Rs
1,294 Crore.
-Projects, include completing 15 roads in
two years for connecting ports like Dahej,
Navlakhi, Okha, Naliya, Jakhau, Mundra,
Sutrapada, Rajula, Jafrabad and Mundra for
Rs 559 crore. Industrial estates are
proposed to be connected by strengthening
11 different roads at the cost of Rs 411
crore.
 
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