Gandhinagar, Gujarat – The 10th edition of the Vibrant Gujarat Global Summit kicked off with a resounding success as top business leaders pledged investments exceeding $62 billion (₹5 lakh crore) on the first day. The summit, originally conceptualized in 2003 under the leadership of the then Chief Minister Narendra Modi, has evolved into a prominent platform for business collaboration, knowledge sharing, and strategic partnerships.
Reliance Industries Ltd Chairman Mukesh Ambani, a key player in India’s corporate landscape, announced that his company has invested over $150 billion (₹12 lakh crore) in creating world-class assets and capacities across India in the last decade, with a significant portion dedicated to Gujarat alone. Ambani highlighted Reliance’s upcoming projects, including the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar and India’s first carbon fiber facility at Hazira, Gujarat.
Gautam Adani, Chairman of the Adani Group, echoed the sentiment, revealing plans to invest over ₹2 lakh crore in Gujarat, generating over 100,000 direct and indirect jobs. Adani emphasized the construction of the world’s largest green energy park in Khavda, Kutch, with a capacity of 30 GW, visible even from space.
Both Ambani and Adani paid tribute to Prime Minister Narendra Modi, crediting his vision for transforming Gujarat into a global economic powerhouse. Ambani expressed admiration for Modi’s “grand ambition, massive scale, meticulous governance, and flawless execution,” while Adani commended the Prime Minister for igniting a nationwide movement that reshaped India’s industrial landscape.
International participation was also notable, with Toshihiro Suzuki, President of Suzuki Motor Corporation, Japan, announcing plans for a new manufacturing plant in Gujarat. Suzuki Motor Corp will invest approximately ₹38,200 crore in the two projects, aiming to roll out 1 million vehicles annually.
The summit received congratulations from Sultan Ahmed bin Sulayem, Chairman of DP World, who highlighted investment initiatives like Gatishakti and outlined DP World’s plans to develop state-of-the-art container terminals at Kandla, Gujarat.
ArcelorMittal Group Chairman Laxmi Mittal emphasized continued investments in emerging sectors such as renewable energy and green hydrogen. Mittal announced two Memoranda of Understanding (MoUs) at the Vibrant Summit, outlining expansion plans that will make the ArcelorMittal Nippon Steel India plant one of the world’s largest single-location integrated steel plants.
N Chandrasekaran, Chairman of Tata Sons Limited, lauded Gujarat’s steady progress, attributing it to visionary leadership and Prime Minister Modi’s mindset. Chandrasekaran detailed the Tata Group’s expansion plans in Gujarat, spanning electric vehicles, battery production, C295 defense aircraft, and semiconductors.
Sanjay Mehrotra, CEO of Micron Technologies, expressed gratitude to the state and central governments for their support in establishing a world-class memory assembly and test facility in Gujarat. The facility, operational by early 2025, is expected to create 5,000 direct jobs and 15,000 additional community jobs over the coming years, with a combined investment of up to $2.75 billion.
The Vibrant Gujarat Global Summit continues to serve as a testament to the collaborative spirit between the government and the business community, fostering economic growth and development in the region. The investments pledged on the first day underscore Gujarat’s significance as a key destination for both domestic and international businesses.
Sources By Agencies
