Vibrant Gujarat 2024, What are the investments?

India is working towards the goal of becoming a developed country in the next 25 years, 'Vibrant Gujarat 2024' Prime Minister Modi said.

Vibrant Gujarat 2024,

 

What is Gujarat vibrant summit 2024

The 10th conference of 'Vibrant Gujarat 2024' started yesterday in Gandhi Nagar, Gujarat. This conference was first started in 2003 when Prime Minister Modi was the Chief Minister of Gujarat.

Prime Minister Modi inaugurated the conference, which is now celebrating its 20th year.

In connection with this conference, many leading companies of the country including 'Tata, Reliance, Adani Group' have come forward to make large investments.

Inaugurating the conference, Prime Minister Modi said,

Recently, India completed its 75th year of independence. It is currently working towards its next 25-year goal of becoming a developed country as it celebrates its sixtieth year of independence.

In that way, today India has progressed to become the fifth largest economy in the world.

Ten years ago, India was ranked 11th.

But today, it is estimated to be one of the top three economies in the world. It will happen, I guarantee.

We all know the current world situation.

Even in such difficult times, if the Indian economy is showing growth, it is largely because of the reforms undertaken in the last 10 years.

Adani Group

Gautam Adani has announced that 'Adani Group' will invest 2 lakh crore rupees in the next five years.

He has also announced to invest 8.30 lakh crore rupees in the next 10 years towards green energy transition.

Reliance Industries

Mukesh Ambani Announces India's First Carbon Pipe Facility and Green Energy Centre.

Tata Group: Announces construction of semiconductor plant and lithium-ion battery storage plant

Suzuki Motor Corporation

Announced to set up its second plant in Gujarat with an investment of Rs 35,000 crore.

ArcelorMittal: Announced to set up world's largest steel plant in Gujarat by 2029

Nvidia: At Gib City,

Foreign companies, Singapore and the Netherlands have announced investments of nearly Rs 58,000 crore in the next financial year.

Overall:

While the final tally of investment commitments is still being finalized, the summit generated significant interest from both domestic and international investors. The focus on sustainable development, infrastructure growth, and technology-driven solutions resonated with investors, indicating potential for substantial investments in the coming months.