The 10th edition of the Vibrant Gujarat Global Summit kicked off with resounding success as top business leaders pledged investments exceeding $62 billion (₹5 lakh crore) during the first day of the event. The summit, lauded as a global success, showcased the vision and leadership of Prime Minister Narendra Modi, with prominent business figures expressing their commitment to Gujarat’s growth.
Mukesh Ambani, Chairman of Reliance Industries highlighted Reliance Industries’ monumental investment of over $150 billion (₹12 lakh crore) in the last decade, with a substantial portion dedicated to Gujarat. The upcoming Dhirubhai Ambani Green Energy Giga Complex in Jamnagar and the first-of-its-kind carbon fibre facility in Hazira are testament to Reliance’s commitment to innovation and sustainability. Additionally, RIL and Reliance Foundation will collaborate to enhance education, sports, and skills infrastructure in Gujarat, aligning with India’s bid for the 2036 Olympics.
Gautam Adani, Chairman of the Adani Group unveiled plans to invest over ₹2 lakh crore in Gujarat, generating more than 100,000 direct and indirect jobs. Mr. Adani praised Prime Minister Modi’s ambitious and meticulous approach, citing the construction of the world’s largest green energy park in Khavda, Kutch, as a hallmark achievement. Adani acknowledged the nationwide movement spurred by the Prime Minister’s initiatives, contributing to India’s remarkable GDP growth of 185% and a per capita income increase of 165% since 2014.
Toshihiro Suzuki, President of Suzuki Motor Corporation announced the establishment of a new manufacturing plant in Gujarat, with a capacity to produce 1 million vehicles. An expansion of an existing facility near Sanand will increase the annual production to 1 million vehicles. The investment of ₹38,200 crore underscores Suzuki’s commitment to the Indian market.
Laxmi Mittal, Chairman of ArcelorMittal Group reinforced its commitment to Gujarat by pledging investments in emerging sectors such as renewable energy and green hydrogen. Two MoUs were signed for the steel plant at Hazira, with plans to make the ArcelorMittal Nippon Steel India plant one of the world’s largest single-location integrated steel plants, boasting a total capacity of 24 million tonnes upon completion in 2029.
N Chandrasekaran, Chairman of Tata Sons Limited emphasized Gujarat’s steady progress under visionary leadership and highlighted Tata Group’s expansion plans in EV vehicles, battery production, C295 defence aircraft, and semiconductors. Gujarat, he stated, is a crucial destination for Tata Group’s future endeavors.
Sanjay Mehrotra, CEO of Micron Technologies expressed gratitude for the support from state and central governments in establishing a world-class memory assembly and test facility in Gujarat. The facility, operational by early 2025, will create 5,000 direct jobs and 15,000 additional community jobs, with a combined investment by Micron and the government reaching up to $2.75 billion over both phases.
