Vibrant Gujarat Summit Day 1: From investments to PM Modi's address; key highlights from the global summit

Vibrant Gujarat Summit Day 1: Prime Minister Narendra Modi on 10 January inaugurated the much anticipated Vibrant Gujarat Global Summit 2024 in Gandhinagar. The inauguration of the 10th edition of the Vibrant Gujarat Global Summit witnessed participation of state heads and top CEOs of private companies including Mukhesh Ambani, Gautam Adani, Maruti Suzuki's President, Tata Sons's Chairman N Chandrasekaran making significant investments announcement across various sectors in the state of Gujarat.

PM Modi too made a strong pitch to woo global investors to the world's fastest growing economy, saying there are new opportunities across sectors and regions for mutual prosperity. His pitch came months before he seeks a third term in Lok Sabha elections, in which the economy is a central issue, and also as global businesses look at India to diversify supply chains beyond China.

The Prime Minister during his address said that the world looks at India as a "powerhouse for talented youth, a technology hub for finding solutions and a democracy that delivers", and the country is on its way to becoming the third largest economy in a few years. PM Modi said the world looks at India as an important pillar of stability, a trusted friend, an engine of growth in the global economy, a technology hub for finding solutions and a powerhouse of talented youth.

made significant announcements regarding substantial investments in India's port infrastructure, underscoring the country's resilience and economic momentum. PM asserted, "Today, India is the fifth largest economy in the world. 10 years ago, India was in the 11th position. Today, all major agencies estimate that India will be among the top three economies in the world in the coming years.

Let people across the world do their analysis, but it is my guarantee that it will happen." Chief Minister Bhupendra Patel who extended his warm welcome to delegates from over 130 countries, emphasising the summit's significance in fostering international collaboration. CM Patel said, "I welcome 34 partner countries and delegates from over 130 countries to the Vibrant Gujarat Summit.

PM Modi has taken the idea of 'One Earth, One Family, One Future' to the world. The success of India's G20 presidency has made the country proud." During his address, the Gujarat CM also said that most of the Memorandums of Understandings (MoU) signed at this year's summit were green Mou's.

"I am elated to tell you that 50 per cent of MoUs signed during this Summit are 'Green MoUs" the Gujarat CM said. UAE President addressed the Vibrant Gujarat Global Summit 2024 on Wednesday. The President's speech signified UAE's strong ties with India and PM Modi. Following his speech, the Prime Minister in a post on social media platform X, lauded the UAE President and said that his statements were very encouraging.

"India is proud of his ideas and efforts to strengthen India UAE relations," PM Modi said. Also Read: praised PM Modi as the most successful prime minister in India's history and credited him for the transformation of Gujarat into the face of New India. “Our beloved leader who has emerged as the greatest global leader of our times," Mukesh Ambani said.

“No other summit of this kind has continued for 20 long years — and going from strength to strength. This is a tribute to our Prime Minister Shri Narendrabhai Modi’s vision and consistency," Mukesh Ambani said. Ambani also said that his company Reliance will set up India's first and world class carbon fibre facility at Hazira.

DP World to build container terminal in Gujarat, the company's Chairman Sultan Ahmed bin Sulayem. Maruti Suzuki's President Toshihiro Suzuki also unveiled investment plans in the state. The company will invest 35,000 crore to set up its second manufacturing facility in Gujarat as it looks to ramp up annual production capacity to over 40 lakh units by 2030 31.

Toshihiro Suzuki disclosed plans for Suzuki Group to infuse 3200 Crore into Suzuki Motor Gujarat which aims to add a new production line, marking the fourth in total, with a capacity to manufacture 2.5 Lakh units per year. Gautam Adani announced 2 lakh crore investment in Gujarat, largely in building a green energy park that would be visible even from space.

Mukesh Ambani said his company Reliance will set up India's first and world class carbon fibre facility at Hazira. Tata Group to build a semiconductor factory at Dholera in Gujarat, Tata Sons Chairman N Chandrasekaran said. ArcelorMittal to build the world's single biggest steel manufacturing factory at Hazira in Gujarat by 2029, company's executive chairman Lakshmi Mittal announced.

Also Read: Nikhil Kamath, Co Founder & CFO, Zerodha said "The last 10 years has been incredible and I'm not the only exception here in India, there are many other exceptions like me. The big change in India from the last decade has been that entrepreneurship has moved from something that we have all watched around us, heard in movies or thought could happen, something that we aspire to, to entrepreneurship today, which is something that we all are actively trying.

You could take an example of this being a housewife watching Shark Tank, a small time shoe salesman selling online on Flipkart. These are not stories that existed ten years ago. To that one man in the audience here today who has facilitated the stable ecosystem, I would like to say thank you PM Modi for having created this ecosystem..." Ryad Mezzour in his address said, “The best and the most competitive country in producing cars is Bharat.

Moreover, thanks to our ideal position as a continental and world class hub...Morocco and Bharat can work closely through a South South triangular cooperation to promote growth in Africa, India and the world. Indeed, our strategic partnership should also enable our countries to develop joint initiatives that include the entire African continent in the process of industrializing and developing economies but also to ensure food and health.

The time is right for Morocco and Bharat to forge a stronger, more dynamic partnership…" While speaking to news agency ANI, Matthew Johnston, Minister Counsellor, Education and Research Australian High Commission said, "It is a great pleasure to be here today. We are really proud that Deakin University will be the first foreign university to establish an international branch campus at Gift City, here in India.

We are happy to be supporting Govt of India and Govt of Gujarat's aim and ambition of education..." Livemint tops charts as the fastest growing news website in the world to know more. Unlock a world of Benefits! From insightful newsletters to real time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away!.