Vibrant Gujarat Summit LIVE updates Day 2: The 10th Vibrant Gujarat Global Summit was inaugurated on Wednesday, January 10, 2024. The presence of leaders worldwide fosters networking opportunities and potential collaborations between Gujarat and various nations and this is the summit’s global appeal.
This Summit is a platform aimed at fostering economic growth, investments, and international partnerships. Showcasing Gujarat as an investment hub, this event underscores its significance with Prime Minister Modi’s participation, emphasizing the state’s economic potential.
Today, January 12, 2024, marks the third day of the three-day event. At this summit, 34 partner countries and 16 partner organizations are actively participating, bringing together a distinguished assembly of global leaders, including Presidents, Prime Ministers, and CEOs of multinational corporations from various nations. Prime Minister Modi is set to engage in bilateral discussions with key figures such as Toshihiro Suzuki of Suzuki Motor Corp, Keith Svendsen of AP Moller, Sanjay Mehrotra of Micron Technology, Piruz Khambatta, Chairman of Rasna Private Limited, and others. Prominent Indian executives, including Gautam Adani, Mukesh Ambani, and Natarajan Chandrasekaran, will also be present at the event.
The 2015 summit witnessed 21,304 MoUs, while the 2017 edition recorded 24,774 deals, with approximately 70% coming to fruition. Officials expressed confidence that this year’s MoUs will achieve an impressive realization rate of 90%.
Led by Prime Minister Narendra Modi, the Vibrant Gujarat Global Summit 2024 has made history. In 2022, due to COVID-19, the Summit was postponed, but then, 57,241 projects with investments of INR 18.87 lakh crores were signed. In the 10th edition in 2024, 41,299 projects worth INR 26.33 lakh crores were signed, marking a landmark for Gujarat with MoUs for investments exceeding INR 45 lakh crores across 98,540 projects.
Member of NITI Aayog, Shri V. K. Saraswat, stated that under the 'Mission Green Hydrogen', inspired by Prime Minister Narendra Modi, the goal is to produce five million metric tons of green hydrogen in India by 2030, with Gujarat expected to make the maximum contribution.
The Gujarat government and the UK signed five MoUs for cyber cooperation, fostering a strategic alliance in cybersecurity and technology collaboration between the UK industry and the state. The agreement, witnessed by HM Harsh Sanghavi and the UK State Minister, emphasizes strengthening ties in these crucial domains.
In the presence of Chief Minister Shri Bhupendra Patel, the New Development Bank (NDB) and the state government's road construction department exchanged project loan agreements. NDB will provide knowledge support, emphasizing rural road improvement, integrating new road construction technology, endorsing environmental preservation, and implementing safe road designs. The assistance includes materials like geosynthetics, geotextiles, geogrids, and lime stabilization, covering about 1,200 km for all-weather roads with an environmental focus.
As a part of the Vibrant Summit-2024, a project loan agreement was finalized between the New Development Bank (NDB) and the Gujarat Government, with Chief Minister Shri Bhupendra Patel in attendance. The Mukhyamantri Gram Sadak Yojana in Gujarat will receive a $500 million loan from the New Development Bank (NDB).
Today, several ministers, CEOs, and global representatives have allied together to discuss crucial economic elements including, MSME, B2B / B2G, Clean Energy, Green hydrogen hub, waste to energy, Net zero, and a state seminar focusing on the northeastern region.
In Seminar Hall 1, the discussion is held on 'Towards Net Zero'. Watch a glimpse of the Minister of Forest and Environment of Gujarat, Mulu Ayar Bera, addressing the attendees.
The MSME Conclave is being conducted in the Main Convention Hall, Mahatma Mandir where 20 speakers from different backgrounds are invited to address the micro, small, and medium enterprises. This includes prominent names like CM Bhupendrabhai Patel, Minister of MSME Narayan Rane, and Rajiv Chawla Chairman of Integrated Association of Micro-Small and Medium Enterprises of India.
The three-day event concludes today, following the official schedule in the Main Convention Hall. Various speakers, including Gujarat Chief Minister Bhupendrabhai Patel, will address attendees. Finally, the day ends with a farewell to all participants in the same hall, marking the successful culmination of the event.
The official event schedule for the third-day of Vibrant Gujarat is out and packed with multiple events starting from 10 am to 5:30 pm.
The US, Europe, and Japan have signed MoUs for semiconductor business with India.
On final project timeline, Vaishnav says this is a complex project where every thing is being done section by section.
On being asked about the name of the bullet train, Vaishnav asked for suggestions. ‘You should suggest the name’, he said.
Vaishnav mentioned that the fare of the bullet train will be 'affordable'
Mumbai, Thane, Vapi, Baroda, Surat, Sanand, and Ahmedabad will have mega economic development due to Bullet train project, says Vaishnav
Vaishnav updated the status of Mumbai-Ahmedabad bullet train project and mentioned that it is moving at a very fast pace
Vaishav highlighted the progress of Bullet train project in Maharashtra after facing some issues
In this first edition of Vibrant Gujarat during Amrit Kaal, critical MoU in semiconductor biz was signed today, says Vaishnav
Ashwini Vaishnav, Union Minister overseeing Railways, Communication & Electronics, and IT, delivered progress updates on the Bullet train project, highlighting the accomplishment of construction for a stretch of 270 km and its swift advancement.
Tarun Mehta emphasized the importance of Production Linked Incentives (PLIs), highlighting their constructive role in promoting the expansion of the electric vehicle (EV) sector.
Vinay Surana, the CEO of Asia Pacific at Allianz Partners, spoke about the need for stability at the core of corporate growth while discussing the growth of GIFT City.
Our ports are not just gateways of transport but holistic economic development, says Sonowal
Sarbananda Sonowal, Union Minister at Ministry of Ports, Shipping and Waterways, GoI, said at a seminar at the Summit that since 2014, there has been a 1007 per cent increase in inland water transport
Union Minister Ashwini Vaishnaw used UPI to purchase books at Gandhinagar's Mahatma Mandir Convention Centre.
Union Finance Minister Nirmala Sitharaman says "Currently in the IFSC, we have three exchanges including the International Bullion Exchange. 25 banks are operating within the IFSC, out of which 9 are foreign banks. IFSC also has attracted 26 aircraft lessors who have collectively leased out 136 assets”, ANI reported.