Investor Facilitation Portal (IFP) has registered total MoUs for 98,540 projects, with proposed investments of Rs45.20 lakh crore, that have been inked between duration of conclusion of 9th and 10th VGGS.i.e. during 2019 to 2024
Mehul Dani
Mumbai, January 12, 2024:MoUs with investment proposals worth Rs26.33 lakh crore (trillion -Tn) for 41,299 projects have been signed during the 3 days of 10th Vibrant Gujarat Global Summit (VGGS), Gujarat Chief Minister Bhupendra Patel declared with proud on the concluding day today. The biennial summit witnessed 61000 delegates from 140 countries.
Investor Facilitation Portal (IFP) has registered total MoUs for 98,540 projects, with proposed investments of Rs45.20 lakh crore, that have been inked between duration of conclusion of 9th and 10th VGGS.i.e. during 2019 to 2024. The last summit before the Covid pandemic was organised in 2019.
In the closing ceremony of the tenth edition of the Vibrant Gujarat Global Summit, Chief Minister Bhupendra Patel proudly said that the successfully concluded first Vibrant Gujarat Global Summit of Amrit Kaal has transformed into a convergence for the business community, thought leaders, and policymakers from both the country and the world, centring on inclusive growth and sustainable development. Under the visionary leadership of Prime Minister Shri Narendra Modi, the success of this summit has incrementally expanded in both its momentum and scale over two decades. Patel expressed that the summit, held under the theme "Gateway to the Future," has emerged as an inspiration for emerging sectors of the new era, including semiconductors, renewable energy, green hydrogen, electric vehicles (EV), aerospace, and defence equipment manufacturing. The 10th edition of the Vibrant Summit will function as a golden gateway, ensuring the future prosperity of India and actualizing the vision of Viksit Bharat@2047.
CM highlighted that Gujarat has implemented the concept of green growth presented by Prime Minister Narendra Modi by signing 50% of the total MoUs signed in the summit in the field of green hydrogen and renewable energy. Gujarat has embraced a new initiative titled "Vibrant Gujarat-Vibrant District." This initiative aims to provide a platform for the Micro, Small, and Medium Enterprises (MSME) industries across the 32 districts, fostering growth with the ethos of "Vocal for Local." The MSME sector, pivotal to the state's industrial development, has garnered renewed vigour through the success achieved in each Vibrant Summit.
Union Home and Cooperation Minister Shri Amit Shah said that while the first of Amrit Kaal and the 10th Vibrant Gujarat Global Summit in Gujarat has physically concluded, the resolutions made during this summit represent a remarkable achievement and empowerment. He noted that since the inaugural summit in 2003, it has strengthened the path of "Sankalp Thi Siddhi" (determination to accomplishment). Union Home Minister stated that today, India stands as the foremost choice globally for manufacturing and investment, with Gujarat being the preferred destination within India.
Shah said that when Shri Narendra Modi took the helm of the country, India was ranked 11th in the economy, and today it holds the fifth position globally. He expressed certainty that India will soon be ranked amongst the top 3 in the world. Narendra Modi's idea of GIFT City in 2007 has flourished, and Dholera (SIR) has proved critics wrong, with Mandal Becharaji emerging as an auto hub, and investments increasing in Gujarat due to the construction of Petrochemical in Dahej, Bulk Drug Park in Bharuch, and BioTechnology Park in Vadodara, he added.
