In a resounding testament to India’s burgeoning economic landscape, global leaders and corporate giants have announced substantial investments during the ongoing Vibrant Gujarat Global Summit 2024. The summit has emerged as a pivotal platform attracting significant commitments across diverse sectors, affirming the nation’s appeal as a prime investment destination.
Adani Group Chairperson Gautam Adani and Reliance Industries Chairman Mukesh Ambani both shared robust investment plans, underlining their commitment to Gujarat. Adani Group is set to invest over Rs 2 Lakh Crores in the next five years, fostering the creation of the largest integrated renewable energy ecosystem. Meanwhile, Reliance Industries has already invested over Rs 12 Lakh Crores across India in the last decade, with a significant portion dedicated to Gujarat.
President of Suzuki Motors, Toshihiro Suzuki, revealed a groundbreaking investment plan, earmarking Rs 35000 Crore for Suzuki Motor Gujarat. This substantial commitment will fuel the addition of a fourth production line, bolstering the annual production capacity from 7.5 Lakh to an impressive 1 million units.
Emirati multinational logistics company DP World, led by Group Chairman and CEO Sultan Ahmed Bin Sulayem, expressed confidence in Gujarat’s economic prospects. In addition to a previous investment of $3 billion, DP World plans to inject further funds in the next three years. The company is set to contribute to Gujarat’s economic growth with the construction of a state-of-the-art container terminal at Kandla Port, boasting a capacity of 2 million containers.
Nepal’s Finance Minister, Prakash Sharan Mahat, announced a transformative long-term power purchase agreement with India, set to export 10,000 MW of electricity over the next decade. This collaboration not only opens up vast investment opportunities in Nepal’s hydropower sector but also underscores the nation’s commitment to green energy transitions.
Tata Sons Chairman Natarajan Chandrasekaran unveiled ambitious plans for Sanand, Gujarat, including additional capacity for electric vehicles and the construction of a colossal giga factory for 20 GWs of lithium-ion batteries. These ventures align with India’s push towards sustainable and electric mobility solutions.
Global CEO of Simmtech, Jeffery Chun, highlighted the company’s commitment to India, particularly in Gujarat, as a colocation investment following major projects with key customer Micron. This underscores the growing significance of India in the semiconductor assembly and test industry.
The surge of investments from global players not only reinforces India’s economic resilience but also showcases the trust and confidence in the nation’s growth trajectory. As the Vibrant Gujarat Global Summit unfolds, it continues to serve as a beacon for global partnerships and investments, propelling India into a new era of economic prosperity and sustainability.