As many as 137 micro, small and medium enterprises (MSMEs) signed 137 memoranda of understanding (MoUs) with the state government, pledging Rs 3,370 crore of investment in Kutch, as the two-day Vibrant Gujarat Vibrant Kutch event began in Gandhidham town on Tuesday.
In a statement, the state said that MSMEs inked 137 MoUs with the government, covering sectors like manufacturing, logistics and agro-processing hospitality, among others. The event was organised jointly by the Kutch administration and the Gandhidham Chamber of Commerce and Industry.
According to the organisers, private firm Venus Pipes and Tubes Limited at Dhaneti village on Bhuj-Bhachau highway pledged to invest Rs 250 crore to manufacture steel pipes and tubes. Similarly, KAD Furniture Private Limited in Mundra pledged to invest Rs 250 crore in Mundra. The third biggest investment, at Rs 118 crore, was pledged by Everest Kanto Cylinder Limited, a Mumbai-based manufacturer of gas cylinders. The company proposed to invest in Gandhidham.
Moreover, Aarti Industries Limited, a Mumbai-headquartered speciality chemicals and pharmaceuticals manufacturer, pledged to invest Rs 113.32 crore in Bhachau town.
In the hospitality sector, Sea Leaf Resort Private Limited proposed to invest Rs 106 crore in coastal Mandvi town, emerging as a tourist destination. Mahashakti Coke, which already has a facility in Mundra, pledged to invest Rs 100 crore. Similarly, Sarhad Dairy, one of the member unions of Amul dairy, pledged to invest Rs 100 crore at Lakhapar village in Anjar taluka of Kutch.
Shreeyam Power and Steel Industries Limited, a firm having a TMT bar manufacturing facility in Mithi Rohar village on the outskirts of Gandhidham, also pledged to invest Rs 100 crore.
In the logistics sector, Rishi Kiran Terminal Private Limited, a firm which has presence in Kandla port, pledged to invest Rs 72.52 crore and Active Agro and Allied Services Private Limited pledged Rs 23.79 crore.