It's raining money in Gujrat

Rs 2 lakh crore - that is the kind of money that companies are ready to invest in Gujarat's urban infrastructure. It is raining funds in Gujarat. In January, Gujarat, one of India's most urbanised states, got investment proposals of Rs 4.6 lakh crore at the Vibrant Gujarat Investment Summit. Now, infrastructure firms at the Urban Summit 2007 have signed multi-crore proposals.

Ashim Gandhi, Vice President, Parshvanath Constructions says, "Through this MoU we have given commitment of investing over Rs 1600 crore to the Gujarat government in the coming two to three years."

That is just one of the 312 investment proposals that the Gujarat government has received out of the total investment intent of Rs 2 lakh crore. Some of India's biggest infrastructure companies, including IL&FS, DLF, Parsvnath and L&T, have pledged crores of rupees.

Narendra Modi, Chief Minister, Gujarat says, "There are proposals to develop commercial zones, improve civic amenities, upgrade infrastructure, create facilities for physically challenged. Overall, these MoUs reflect proposals that would impact every facet of urban life."

The MoUs include proposals to develop integrated townships, urban infrastructure and commercial buildings.

I am wondering Where is the money coming from? Can anyone please explain?

- Mumbaikar