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Home » Vibrant Gujarat Global Summit 2024: Focus on Sustainable Growth and Bilateral Investment Commitments

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Vibrant Gujarat Global Summit 2024: Focus on Sustainable Growth and Bilateral Investment Commitments

TheNewsFacts
Last updated: January 10, 2024 2:56 pm
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Vibrant Gujarat Global Summit 2024: Focus on Sustainable Growth and Bilateral Investment Commitments
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The 10th edition of the Vibrant Gujarat Global Summit 2024 was inaugurated by Prime Minister Narendra Modi in Gandhinagar. The summit, which is being held from January 10 to 12, 2024, is a significant platform for advancing industrial and technological growth in Gujarat.

This year’s theme is ‘Gateway to the Future,’ and it is witnessing the participation of 34 partner countries and delegates from over 100 countries. The event aims to showcase Gujarat as a global investment destination and promote sustainable development.

The summit will also feature the Innovations for Defence Excellence-Defence Innovation Organization (iDEX-DIO), exhibiting artificial intelligence, cyber security, and advanced materials. The Vibrant Gujarat Trade Show was also inaugurated ahead of the summit.

The event is a highlights Gujarat’s commitment to development and socio-economic growth, in line with the vision of a prosperous and self-reliant India.

Watch Live : The inaugural session of Vibrant Gujarat Global Summit 2024 from Mahatma Mandir, Gandhinagar in the august presence of Hon’ble PM Shri Narendra Modi. https://t.co/P9G9Y3BnCU

— Vibrant Gujarat (@VibrantGujarat) January 10, 2024

During the 10th Vibrant Gujarat Global Summit 2024, several major initiatives and investment commitments were announced. Some of the key highlights include:

  1. Investment Commitments: Major companies such as Reliance, Adani, Maruti Suzuki India, and DP World have committed investments in Gujarat, ranging from setting up manufacturing plants to shifting to green energy.
  2. Bilateral Meetings and Commitments: A bilateral meeting was held between Prime Minister Narendra Modi and the President of the United Arab Emirates. As a result, the UAE is set to start a 20 GW gigafactory for manufacturing lithium-ion batteries in Gujarat and is also on the verge of announcing a huge semiconductor fab in Dholera.
  3. Vibrant Gujarat Global Trade Show: The Vibrant Gujarat Global Trade Show 2024 witnessed participation from 100 countries as visitors, while 33 countries joined as partners. The trade show served as a platform to showcase various initiatives and investment opportunities.
  4. Semiconductor and Defence Innovation: The summit featured commitments and discussions related to the establishment of a semiconductor fab and the exhibition of innovations for defence excellence, including artificial intelligence, cybersecurity, and advanced materials.

These initiatives and commitments reflect the continued efforts to promote industrial and technological growth in Gujarat, furthering the state’s position as a global investment destination and emphasizing sustainable development.

Several major policy announcements were made during the Vibrant Gujarat Global Summit 2024.

Here are some of the key highlights of Vibrant Gujarat Global Summit 2024

Vibrant Gujarat Global Summit 2024
  1. Green Energy: Several companies, including Reliance, Adani, and Maruti Suzuki India, have committed to shifting to green energy and setting up green energy manufacturing plants in Gujarat.
  2. Semiconductor Fab: Discussions were held regarding the establishment of a semiconductor fab in Dholera, Gujarat, with negotiations set to conclude soon.
  3. Investment Commitments: Major companies such as Reliance, Adani, Maruti Suzuki India, and DP World have committed investments in Gujarat, ranging from setting up manufacturing plants to shifting to green energy.
  4. Bilateral Meetings and Commitments: A bilateral meeting was held between Prime Minister Narendra Modi and the President of the United Arab Emirates, resulting in the UAE starting a 20 GW gigafactory for manufacturing lithium-ion batteries in Gujarat.

These policy announcements reflect the continued efforts to promote sustainable development and industrial growth in Gujarat, furthering the state’s position as a global investment destination.

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