PM Modi Kicks Off Vibrant Gujarat Global Summit 2024, Adani, Ambani Pledge Investments In State

Addressing the summit, Adani Group chairman, Gautam Adani, announced that the conglomerate has committed to investing $24 billion in Gujarat in 5 years

Prime Minister Narendra Modi kicked off the 10th edition of the Vibrant Gujarat Global Summit in Gandhinagar on Wednesday, amidst global leaders like the UAE President Mohamed bin Zayed Al Nahyan and business icons like Gautam Adani, Mukesh Ambani, and Lakshmi Mittal, among others in attendance. 

Welcoming the dignitaries to the event, the Gujarat Chief Minister, Bhupendra Patel, said, “I welcome 34 partner countries and delegates from over 130 countries to the Vibrant Gujarat Summit.” The CM credited the success of the summit to PM Modi and noted, “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.”

Among the global leaders, dignitaries like the Prime Minister of the Czech Republic, Petr Fiala, Mozambique President, Filipe Nyusi, and Timor-Leste President, José Ramos-Horta, also attended the summit along with the UAE President.

Addressing the summit, Adani Group chairman, Gautam Adani, announced that the conglomerate has committed to investing $24 billion in Gujarat in 5 years. Adani also credited the Prime Minister for his vision and said, “Vibrant Gujarat is a stunning manifestation of your (PM Modi) extraordinary vision. It has all your hallmark signatures, merging grand ambition, massive scale, meticulous governance, and flawless execution. It ignited a nationwide movement as all our states march forward competing and cooperating to fundamentally remodel India's industrial landscape.”

Sharing his company’s plans for investment in Gujarat, Reliance Industries chairman, Mukesh Ambani, said that the firm will establish India’s first carbon fibre facility in Hazira, Gujarat. He said, "No power on earth can stop India from becoming a $35 trillion economy by 2047."

Micron CEO, Sanjay Mehrotra, also announced that his company will be building a world-class memory assembly and test facility in Gujarat. “The move reflects Micron's commitment to advancing technological infrastructure in the country and underscores the growing importance of India in the global technology landscape,” he noted in his address. 

Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem, also pledged that the multinational logistics firm will invest an additional $3 billion in Gujarat in the next three years. “We will continue to support Gujarat's economy by building state of the art container terminal at Kandla Port with a capacity of 2 million containers. Looking ahead, we foresee deeper trade, employment and cultural collaboration between India and the UAE. DP World has signed a strategic MoU with the Government of Gujarat on the sideline of the Summit which reiterates our commitment to the state of Gujarat and India,” he announced.