GANDHINAGAR, INDIA (Diya TV) — The 10th Vibrant Gujarat Global Summit opened with a flurry of groundbreaking investments, showcasing a commitment from top conglomerates to transformative projects across various sectors in the state.
Maruti Suzuki leads the charge by allocating $448M for a cutting-edge production line and an impressive $4.58B for a new plant, aiming to significantly enhance annual production capacity. Adani Group follows suit with a colossal commitment of $28B over the next five years, reinforcing their dedication to Gujarat’s economic development.
Tata Group, not to be left behind, unveils ambitious plans, including the establishment of a Giga factory for Lithium-Ion Batteries in Sanand and a semiconductor fab facility in Dholera. Reliance takes a stride towards innovation by initiating India’s first-class Carbon Fibre facility at Hazira, while Lulu Group pledges to construct India’s largest shopping mall in Ahmedabad, bringing a whopping $535M investment.
Essar Group contributes to the green revolution with a massive 1GW green hydrogen project in Jamnagar, and DP World joins the momentum with a significant $3.42B investment in the Ports and Logistics sector.
The global stage witnesses collaborations, with UAE and India signing four MoUs related to diverse projects, reinforcing international partnerships. Furthermore, ArcelorMittal sets the stage for the future by announcing the construction of the world’s single-largest steel manufacturing site at Hazira by 2029.
The education sector experiences a significant boost with the opening of Deakin University’s campus in GIFT City, fostering global knowledge exchange.
Prime Minister Narendra Modi, inaugurating the summit, extends a warm invitation to global investors, emphasizing India’s role as a powerhouse of talent, a technology hub, and a democracy on the rise. He predicts India’s ascent to the third-largest economy globally in the coming years.
Chief Minister Bhupendra Patel echoes the sentiments, revealing that 50% of the signed MoUs at the summit are ‘Green MoUs,’ aligning with the state’s commitment to sustainable development.
The UAE President, Mohamed bin Zayed Al Nahyan, reinforces the strong ties between UAE and India, and Mukesh Ambani praises PM Modi’s leadership, highlighting the transformative journey of Gujarat under his guidance.
In the sidelines, Prime Minister Modi engages with business leaders, discussing avenues for large-scale renewable energy and smart city solutions. The Vibrant Gujarat Summit 2024 sets an optimistic tone, projecting Gujarat as a beacon of investment opportunities and sustainable development on the global map.
