The Rs 12,000-crore project will connect, in a phased manner, Gandhinagar, Ahmedabad and Dholera on the tip of the Gulf of Cambay, where a special economic zone is being developed.
Incidentally, Gupta's Neesa Group manages hotels, resorts and spas under the Cambay brand across Gujarat, Rajasthan, Gurgaon, Goa and Kerala. Highly-placed sources said Gupta is likely to be made the chairman of the special purpose vehicle (SPV) formed by Gujarat government to undertake the Rs 12,000-crore metro project, called MEGA (Metro Express between Ahmedabad and Gandhinagar). Gupta could not be contacted for comment.
Gupta is a rare bureaucrat to have emerged as a successful entrepreneur on quitting the civil service. He is still remembered in the bureaucracy as a networking whiz whose speed at execution was excellent.
He successfully turned the Rs 17-crore Gujarat State Petroleum Corporation (GSPC) into a blue-chip company as its managing director during late 1990s. He was also the brain behind setting up of Gujarat Infrastructure Development Board.
Gupta quit in 2002 after he was moved from GSPC to Sangeet Natak Akademi. He was picked up by the Ahmedabad-based Adani group and he helped Gautam Adani scale up and diversify the Adani investment in infrastructure, even while he focused on building his personal hospitality business which has grown at tremendous speed in the last nine years.
Source by Times Of India
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