Essar Group

Essar Group is an Indian multinational conglomerate with investments in the sectors of steel, energy (oil & gas and power), infrastructure (ports, projects & concessions) and services (shipping, telecom, realty and outsourcing and technology solutions). With operations in more than 25 countries across five continents, Essar employs over 73,000 people and has revenues of $39 billion.

Essar began as a construction company in 1969 and diversified into manufacturing, services and retail. Essar is managed by Shashi Ruia – Chairman, and Ravi Ruia – Vice Chairman.

History

Essar began its first operation with the construction of an outer breakwater in Chennai port. The name Essar is derived by combining the first letter of the Chairman's and Vice-Chairman's names – Shashi and Ravi, i.e. S plus R sounds like Essar. The company was incorporated in June 1976 under the name of Essar Construction Limited and was engaged primarily in core sector activities, including marine construction, pipeline laying, dredging and other port related activities. In 1984, the company ventured further into other core sectors mainly the field of exploration and development, drilling onshore and offshore oil and gas wells for Indian Public Sector oil exploration companies. The company's name was then changed to Essar Offshore and Exploration Limited in May 1987.

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Vibrant Gujarat

Vibrant Gujarat is the name given to a biennial investors' summit held by the government of Gujarat in Gujarat, India. The event is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit is advertised as a platform to understand and explore business opportunities in the State of Gujarat.

2003

Vibrant Gujarat: Global Investors' Summit 2003 was organized during world famous festival of Gujarat - Navratri.

Industrial Extension Bureau acted as a nodal agency for the State Government during Vibrant Gujarat : Global Investors Summit (September 28 to October 2, 2003) organized at the two major commercial cities of the State–Ahmedabad and Surat in association with the Government of India, UNIDO and FICCI & CII.

The conventions during the programme had sectoral sessions focus sector - Industrial Investment, Agro-Processing, Biotech- Pharma, Natural Gas and Oil, Infrastructure, Mining, Tourism, Apparels and Gems-Jewellery at Ahmedabad and sectoral sessions on Garment & Textiles and Gems & Jewellery at Surat. There were also exhibitions in above sectors at respective places in Ahmedabad and Surat to provide a platform for showcasing products and services. One to one discussions between the prospective investors, government officials and the project promoters took place.