Some of the top industries have shown up at the ongoing Vibrant Gujarat Summit 2019 in Gandhinagar of Gujarat, and big names including Reliance, Birla and Adani have pledged investments in Gujarat businesses during the summit.
This year’s biennial business event called the Vibrant Gujarat Global Summit, a brainchild of PM Narendra Modi is determined to bring more investments in Gujarat as some of the top industrialists pledged further investments on Friday. Reliance CEO Mukesh Ambani is looking to double their investments in the state – which currently touches up to Rs 3 trillion and a promise to create a million livelihood opportunities. Kumar Mangalam Birla of Birla Group has pledged for investing Rs 15,000 crore and Gautam Adani have claimed Rs 55,000 crore of Adani Group worth of investment in Gujarat in next five years.
All these investors will buck-out for projects like the world’s largest Solar Hybrid Park in Khavda, the a one gigawatt Data Center Park in Mundra, a one million tonne of copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated lithium battery manufacturing complex and expand our photovoltaic manufacturing capabilities. Other big names including Tata Group, Russian oil and gas explorer Rosneft and Suzuki Motor Corporation too, have shown interest in spending big money in the state while praising the efforts made during the event that was inaugurated yesterday in Gandhinagar.
Leaders of five countries—Uzbekistan, Rwanda, Denmark, Czech Republic and Malta – and over 30,000 delegates from 100 countries will be participating in the three-day event with an aim to not just invest in Gujarat, but also make import-export deals. And PM Modi claims that the “Vibrant Gujarat Global Summit that India is poised to be placed among the top 50 countries in ease of doing business by 2020”.