The roadshow for the Vibrant Gujarat Global Summit 2024, which will take place between January 11 to January 13 after a five-year hiatus due to the COVID-19 pandemic, was held in New Delhi on Friday, October 6. The New Delhi curtain-raiser event witnessed over 1,500 investors and entrepreneurs from various industries.
Addressing industrialists and investors during at the event, Chief Minister Bhupendra Patel said Gujarat has become the ‘most-preferred investment destination’ due to PM Narendra Modi’s visionary leadership, proactive policy-led approach, investor-friendly attitude, and robust industrial infrastructure.
Highlighting the grand success of two decades of Vibrant Gujarat, the chief minister said the Summit has evolved into a platform for business networking, knowledge sharing, and socio-economic development. He said the seed of Vibrant Summit, which was sown by Prime Minister Narendra Modi in 2003, has now matured into a banyan tree, furthering the state’s commitment to carry forward the Vibrant Gujarat Summit.
S J Haider, additional chief secretary (mines and industries) of Gujarat, “Driven by entrepreneurial spirit, Gujarat has taken significant strides in developing resilient and vibrant economy over the past two decades. Gujarat is among the top states in the country in terms of share in India’s GDP, exports, FPI, industrial output, number of factories and various other indicators.”
With 15 per cent growth rate, Gujarat account for 18 per cent of India’s industrial output and 11 per cent of India’s factories. He also mentioned GIFT-City, MSME Act, industrial hubs, and the state’s coastline advantages.
DPIIT Secretary Rajesh Kumar Singh said, “The Vibrant Gujarat Summits have set a benchmark for other states in terms of being an epitome of what an outreach event for attracting investments should be. I am happy that other states are also following the suit with similar events.”
He added that Gujarat Vibrant Summit will be taking place at a when the world is facing geopolitical realignment, economic slowdown and rising food and energy prices, apart from long-term ill effects of the pandemic. “India has weathered that crisis well and we are still in a fairly good position to take advantage of the demographic dividend.”
During the event, Arcelor Mittal CEO Dilip Oommen, Maruti Suzuki MD and CEO Hisashi Takeuchi, and UK India Business Council Group CEO Richard McCallum also shared their experiences related to the Vibrant Summit.
B K Goenka, president of ASSOCHAM and chairman of Welspun Group, in his welcome address, praised Gujarat’s business prowess and investment-friendly policy environment. “In 2003, nobody thought that the Vibrant Gujarat will become a mega event.”
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