After Nandigram fiasco, is Salim Group headed for Gujarat?
[icon name=icon-calendar]November 8th, 2008
[icon name=icon-user]admin
[icon name=icon-briefcase]Posted in Uncategorized
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After Nano, is one of the biggest Muslim-owned groups heading for Gujarat? Singapore-based infrastructure and hospitality firm Universal Success Enterprises Ltd (USEL), promoted by NRI businessman Prasoon Mukherjee, is seeking to ink a deal with the Gujarat government to pump in Rs 1 lakh crore in a slew of projects ranging from power plants to SEZs and port development, in the presence of Modi. Indonesia-based Salim group too would have limited equity exposure in these ventures. Those in the know are now asking, what Singur is to Sanand, will Nandigram be to Dholera? However, Mukherjee was there at the Vibrant Gujarat 2007 summit, where he promised a lot of investment in Gujarat but not much has come out of it till now. Last month, Mukherjee had assured a Nanodevastated Bhattacharjee administration that the USEL-Salim combine would invest Rs 5 lakh crore in SEZs, housing, road, townships and power plants in Bengal. But since land acquisition is yet to start for many of these projects, the prospects of investments touching this magic figure appear very optimistic, to say the least. |