In a momentous inauguration, Prime Minister Narendra Modi has kickstarted the 10th edition of the Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. The summit, celebrated from January 10 to 12, 2024, marks two decades of Gujarat’s success as a global economic powerhouse. Dignitaries, including the President of the United Arab Emirates, Mohammed bin Zayed Al Nahyan, and global business tycoons such as Mukesh Ambani, Gautam Adani, and Natarajan Chandrasekaran, gathered to participate in this milestone event.
At the inauguration of the Vibrant Gujarat Global Summit 2024, Chief Minister Bhupendra Patel warmly greeted delegates from over 130 nations, highlighting the summit’s pivotal role in advancing international collaboration. CM Patel expressed, “I offer a sincere welcome to representatives from 34 partner countries and more than 130 nations participating in the Vibrant Gujarat Summit. PM Modi has brought the vision of ‘One Earth, One Family, One Future’ to a worldwide audience. The accomplishments during India’s G20 presidency have instilled immense pride in the nation.”
The summit witnessed a remarkable assembly of global leaders, symbolizing the growing international significance of Gujarat as a preferred business destination.
Moreover, the presence of high-profile businessmen and international leaders is going to be beneficial for India’s future economic prospects while it will also strengthen bilateral ties with countries like UAE. It’s only the first day of the event and we have already seen some big names like Toshihiro Suzuki, Mukesh Ambani and Gautam Adani praising Prime Minister Narendra Modi for the developments in Gujarat while they have also promised to start new ventures to take manufacturing and trade to greater heights. In an astonishing statement, the Prime Minister also stated that India is going to be among the top 3 economies in the next few years.
Here’s what business mogul’s proclaimed:
Toshihiro Suzuki, President of Suzuki Japan also expressed his gratitude for being part of the ceremony, acknowledging the remarkable progress in India’s automotive sector under the strong leadership of PM Modi in the past decade. He highlighted that India has now become the seventh-largest automotive market globally, with significant growth in production and exports.
Suzuki Japan’s production in India is expected to increase by 1.6 times, with a corresponding 1.7 times surge in exports for the current fiscal year. Suzuki is set to invest Rs. 3,200 crore in Gujarat for a new production line, aiming to manufacture 2.5 lakh units annually and increase overall production from 7.5 lakh to 1 million units. Suzuki’s commitment extends to a Rs 35,000 crore investment for a second car plant in Gujarat, projected to add another 1 million units annually, bringing the total annual production to an impressive 2 million units.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, warmly welcomed participants at the inauguration of the Vibrant Gujarat Global Summit 2024. Recognizing the summit’s 20-year legacy and its global prominence, Ambani credited its sustained success to the visionary leadership of Prime Minister Narendra Modi.
Highlighting the summit’s enduring progress, Ambani remarked, “Welcome to Gujarat and the 10th Vibrant Gujarat Summit—the most prestigious investor summit globally. No other summit of this caliber has demonstrated two decades of consistent progress. This stands as a tribute to PM Modi’s vision and steadfastness.”
Expressing confidence in India’s economic future, Ambani asserted that the youth now have a golden opportunity to innovate and contribute to national prosperity. He applauded PM Modi for laying a robust foundation for a developed India and foresees Gujarat alone evolving into a $3 trillion economy. Ambani declared that India, under PM Modi’s leadership, is on track to become a $35 trillion economy by 2047.
Gautam Adani, Chairman of the Adani Group, has also unveiled his plans for an impressive investment exceeding Rs 2 lakh crore in Gujarat, primarily focused on establishing a vast green energy park, anticipated to be visible from space. The businessman highlighted that this substantial investment is expected to generate around 1 lakh jobs. Adani emphasized India’s remarkable economic achievements since 2014, citing a significant 185 percent growth in GDP and an unprecedented 165 percent surge in per capita income, despite formidable geopolitical and pandemic challenges.
N Chandrasekharan, Chairman of Tata Sons, announced that the Tata Group is set to build a semiconductor factory in Dholera, Gujarat. Chandrasekaran further revealed plans for a 20 GW gigafactory for manufacturing lithium-ion batteries in Sanand, with construction set to commence in the next two months. The group is also on the verge of concluding negotiations for a “huge semiconductor fab” in Dholera, aiming to start operations in 2024. Besides this prominent business tycoons like Shankar Trivedi, Sultan Ahmed Bin Sulayem, Jeffery Chun and N Chandrashekaran also spoke about their upcoming and existing projects in the state.
The 10th Vibrant Gujarat Global Summit 2024 has emerged as a resounding success, marked by the enthusiastic participation of global leaders and the announcement of substantial investments from renowned business tycoons. The commitments made by the likes of Gautam Adani, Mukesh Ambani, and Tata reflect the confidence in Gujarat’s economic potential and its role as a thriving business hub. The summit not only celebrates two decades of Gujarat’s success but also underscores the state’s commitment to sustainable development, innovation, and job creation. Prime Minister Narendra Modi’s visionary leadership has played a pivotal role in transforming Gujarat into a global economic powerhouse, evident in the impressive array of projects and investments unveiled during the summit. As the event continues, it holds the promise of ushering in transformative initiatives that will further elevate Gujarat’s status as a beacon of economic prosperity and development.
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