Between the lines,some cooked books

Ambani had inked agreements for investments totaling Rs 10,500 crore towards building a port jetty in Saurashtra,a major power plant and three cement factories.

Similarly,Singapore-based Universal Success Enterprises Ltd. (USEL) had committed the highest investment in 2009 by signing three MoUs with the state worth almost Rs 87,000 crore in infrastructure projects over the next 10 years. Investments were spread across thermal power generation,sea ports and industrial and urban infrastructure development. While reporting that the work on power project has made “remarkable progress”,it announced another Rs 1,500-crore investment in an integrated township in partnership with Japanese agencies.

A Mumbai-based SME investor said many of the deals,even if they have been finalised earlier,have been clubbed in this summit by signing MoUs. For instance,land acquisition for the Dholera SIR had been completed earlier,but transferred at a date coinciding with the summit. “There is no physical progress at the Dholera SIR. Therefore,there is no question of any of the previous investment announcements having fructified in the last two years,” he said. “Of course,jacking up figures serve a purpose. But even if 10 per cent of it all materialises,it would be good.”