Over 55% renewable energy MoUs signed in Vibrant Gujarat investors summits dropped


Over 55% renewable energy MoUs signed in Vibrant Gujarat investors summits dropped

The Gujarat Government maintains that the state has been leading the renewable energy sector, but the latest numbers emerging from the biennial Vibrant Gujarat Global Investor Summit since 2003 do not support the claims.

Official figures state that of the total 559 Memorandums of Understanding for investment in the renewable energy sector since the first summit in 2003 till 2017, 55 per cent or 307 projects were dropped.

Of the total proposed investment of Rs 5,48,461.59 crore from this, the actual investment was Rs 40,344.75, which makes it 7.35 per cent.

The proposed employment of over 1.92 lakh from these projects actually yielded only 12,343 jobs or 6.4 per cent. Read More

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