Gujarat CM Bhupendra Patel tweeted after the event, “Under the guidance of Honorable Prime Minister Shri Narendra Modi, Vibrant Gujarat Global Summit 2024 has created a new record. In the Vibrant Summit postponed due to the Corona epidemic in the year 2022, MoUs worth Rs 18.87 lakh crore were signed in 57, 241 projects. In this 10th edition of Vibrant Summit held in January 2024, MoUs have been signed for investments worth Rs 26.33 lakh crore in 41,299 projects. In this way Gujarat has achieved the historic feat of MoUs for a total of 98,540 projects for an investment of more than Rs 45 lakh crore.”
‘VGGS a model for other states seeking investments’
The valedictory event at Mahatma Mandir Convention Centre in Gandhinagar on Friday afternoon saw presence of Union home minister Amit Shah along with several Union ministers, state ministers, Jammu & Kashmir lieutenant governor Manoj Sinha and top industrialists including Zydus Group CMD Pankaj Patel and Torrent Group CMD Sudhir Mehta.
Shah in his speech lauded the 20 years of VGGS as a groundbreaking initiative by PM Modi, who was the CM in 2003, and said that the event has laid the foundation for economic progress not only for the state but also gave the model for several other states for attracting investments. “The first VGGS in Amrit Kaal is the first step towards making PM Narendra Modi’s vision of a developed India (Viksit Bharat) by 2047 a reality. We will achieve the target even before that,” he said. Shah that Gujarat and India have emerged as the preferred destination for investment and production for global companies today.
Bhupendra Patel in his speech said that 50% of the investments during the summit are in green secto rs. Industries commissioner Rahul Gupta said that other major sectors which attracted major investments include semiconductor, manufacturing, agriculture and agro tech, fintech, space technology, and IT/ITeS among others.