Vibrant Kutch meet: 137 MoUs pledging investment of Rs 3,370 crore signed

Posted under: MSME
Date: 2023-10-13
Vibrant Kutch meet: 137 MoUs pledging investment of Rs 3,370 crore signed

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.

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