Ahead of the 10th edition of the Vibrant Gujarat Global Summit (VGGS), the Tata Group signed a memorandum of understanding (MoU) with the Gujarat government to set up a new luxury Hotel Near The Statue of Unity (SOU) at Kevadia in the Narmada district.

The MoU was among 16 agreements the government signed with industry in Gandhinagar.

Industry and mines additional chief secretary (ACS) Rajeev Kumar Gupta inked the pact with the conglomerate in the presence of revenue minister Rajendra Trivedi and other officials.

About the Tata Group’s plans for the new project, Gupta said, “The Tata Group, which has several operations in Gujarat, has proposed an investment of Rs 150 crore to set up a 300-bed luxury Hotel Close to the Statue of Unity. Many premium brand hotels have already started services at Statue of Unity and now the entry of Tata Group at Statue of Unity will further boost tourism.”

Tata Group has also promised to start a special training center at SOU where local tribal youth will be trained.

Other major MoUs signed were for setting up a 70MW hybrid renewable energy park, for specialty chemicals and radar parts manufacturing, an insecticide formulation plant, defense accessories manufacturing, and others in sectors such as waste-to-energy, waste-to-oil, air pollution prevention, anti-bacterial patented equipment manufacturing among others.

In the last four weeks, 80 MoUs have been signed. A total of 16 MoUs were signed on Monday. As many as 96 MoUs have been signed ahead of the VGGS, which will be held next month.