If the MoUs signed at the VGGS that was to be organised in 2022 but postponed due to the COVID-19 pandemic were added up, a total of 98,540 MoUs with investment proposals worth more than Rs 45 lakh crore were inked, he said.
In a statement, the ministry said during the event APM Terminals and Jawaharlal Nehru Port Authority (JNPA) signed Memorandum of Understanding (MoUs) worth Rs 20,000 crore, expressing their intent to invest in the Vadhavan Port Project.
Sitharaman highlighted GIFT City's strategic positioning as the gateway for financial and investment activities.
Motwani, who is also the FICCI National EV Committee Chair, said while India has made a good start towards electric mobility, the next five years will be crucial to establish electric as the preferred technology for mobility amongst consumers.
Speaking at a seminar on 'India-Canada Business: The Way Forward' at the Vibrant Gujarat Global Summit, Cameron Mackay said this annual gathering of investors was a "great platform to reassert our business to business and people to people ties."
Vaishnaw highlighted that 270 kilometers of groundwork for the bullet train has already been completed and added that first bullet train will run between Surat and Bilimora in 2026
Vibrant Gujarat Summit Highlights: Amit Shah is expected to outline strategic initiatives and policies aimed at furthering Gujarat’s position as a thriving business hub
Gujarat has emerged as one of the most preferred investment destinations, and this crucial event serves as a catalyst for attracting investments and fostering partnerships that contribute to the growth of the state’s economy.
Vibrant Gujarat Summit: The 10th edition of the Vibrant Gujarat Summit has seen participation from 34 partner countries and 16 partner organisations, and a host of companies have only committed to investing in India.
Ahead of the 2024 general elections, the investment climate in the country and particularly in PM Modi’s home state Gujarat is considered to be attractive as a financially secure economic hub.
Paytm also plans to set up an innovation centre to introduce cutting-edge technology solutions for global users
The show is an exhibition spread across 2 lakh square metres in multiple halls at the Helipad Ground Exhibition Centre here.
A day before the summit begins, the PM would also inaugurate the 'Vibrant Gujarat Global Trade Show 2024' at Helipad Ground near Mahatma Mandir on January 9, Additional Chief Secretary of Industries and Mines Department, S J Haider, said in a press conference.
The home state of Prime Minister Narendra Modi has been signing these agreements ahead of its biennial Vibrant Gujarat Global Summit
Gujarat government, tourism
It was the second MoU signing event ahead of the VGGS to be held on January 10-12 next year, attracting the total proposed investments of over Rs 38,188 crore so far.
The European country is being represented by a delegation, which has more than 100 members, at the three-day business conclave being held at Gandhinagar.
After inaugurating the trade show, Modi visited a few pavilions and saw some of the products kept on display.
Executives at the week-long, biennial Vibrant Gujarat Summit held in Modi's home state said the tide was turning on investments into India, although some complained the approval process remained prohibitively slow.
Government today said MoUs worth Rs 8,835 crore in textile sector were signed during a seminar at the Vibrant Gujarat Summit.
Commerce and Industry Minister Nirmala Sitharaman said the foreign trade policy (FTP) is in the process of a review.
Speaking at the Vibrant Gujarat Summit RBI Governor Urjit Patel said the government has successfully embarked on fiscal consolidation path since 2013. Besides, a supportive government policy on food helped RBI combat inflation, he said.
With the government taking steps to improve business climate, total FDI inflows in the last two-and-a-half years have touched USD 130 billion, Prime Minister Narendra Modi said today.
Gujarat has got its glory because of the vision and execution zeal of Prime Minister Narendra Modi who led the state from 2001 to 2014, said Tata Group patriarch Ratan Tata.
Speaking at the Summit, Ambani said that the Reliance has invested over USD 45 billion in Gujarat. Make in India and Digital India will push growth for the nation.