With this, it becomes seventh SEZ to close its shop in Gujarat.
The year 2010 had seen a 35 per cent jump over the previous year in terms of number of investment proposals, to 497 proposals while the promised investment grew marginally to Rs 1.49 lakh crore.
Another senior bureaucrat in the state admitted that while there have been huge investment commitments in the past Vibrant Summits, there would come a saturation point. “While investment intentions can continue to flow in, what matters more now is that how speedily they are translated on ground. One would need to provide land as well for manufacturing set ups to come up,” he said.