Gandhinagar witnesses significant investment pledges as 10th Vibrant Gujarat Global Summit approaches.
On January 3, 2024, Gujarat marked a substantial milestone by signing 58 Memoranda of Understanding (MoUs) in a single day, projecting an expected investment of Rs 7.17 lakh crore. This event, part of the weekly series of MoUs conducted in Gandhinagar, unfolded in the presence of Chief Minister Shri Bhupendra Patel and key ministers.
The upcoming Vibrant Gujarat Global Summit, slated for January 10 to 12, 2024, has garnered attention from global investors seeking opportunities in the state. Gujarat’s government, led by Chief Minister Bhupendra Patel, has taken a proactive approach to facilitate industry growth.
The 58 MoUs span various sectors, including but not limited to electric vehicles, agro and food processing, automobiles, biotechnology, cement, chemicals and petrochemicals, ports, education, engineering, healthcare and pharmaceuticals, industrial parks, IT-ITES, logistics, oil & gas, packaging, plastics, power, green hydrogen & renewable energy, textiles & apparels, tourism & civil aviation, and urban development.
The cumulative impact of 234 MoUs signed across 17 series, including the latest 58, signals a potential investment exceeding Rs 10.31 lakh crore and the creation of over 12.89 lakh employment opportunities.
Chief Minister Shri Bhupendra Patel expressed satisfaction with this achievement, highlighting the success of the Vibrant Summit initiated by Prime Minister Shri Narendra Modi in 2003. He underscored Gujarat’s emergence as a favorable investment destination for both domestic and international investors, contributing to substantial employment and economic growth.
Minister of Finance and Energy Shri Kanubhai Desai, Minister of Industries Shri Balvantsinh Rajput, and Minister of State Shri Harsh Sanghvi were present during the MoU exchange.
Industries Minister Shri Balvantsinh Rajput acknowledged the ongoing industrial development journey in Gujarat, crediting Chief Minister Shri Bhupendra Patel’s guidance. He emphasized Gujarat’s appeal as the first choice for investment, building on the foundation set by the Vibrant Summit initiated by the Prime Minister.
During the 17th weekly series on January 3, 21 MoUs were signed for investments less than Rs 2,000 crore, 12 for investments between Rs 2,000 and 5,000 crore, 8 for investments of Rs 5,000 to 10,000 crore, and 17 MoUs for investments exceeding Rs 10,000 crore. These agreements are expected to bring proposed investments in the energy, industry, science and technology, urban development, and health sectors.
Gujarat extends an invitation to industrialists and investors to participate in the 10th edition of the Vibrant Summit, reinforcing the collective effort to realize Prime Minister Shri Narendra Modi’s vision for a developed India by 2047.
Source – Vibrant Gujarat
