Gujarat’s Vibrant Global Summit emerged as a powerhouse of economic ambition, with billion-dollar pledges from Goenka and Ambani groups painting a vivid picture of future growth. The event, held in Gandhinagar, brought together policymakers, investors, and innovators under one roof.
Day one set records with investment proposals crossing ₹3.5 lakh crore. The spotlight fell on RPSG Ventures of the Goenka family, unveiling a ₹18,000 crore portfolio spanning renewables, cement, and agri-tech. Their ambitious solar gigafactory in Jamnagar aims to power millions of homes, while agri-initiatives promise to double farmer incomes in arid districts.
Reliance Industries, led by Mukesh Ambani, dropped a bombshell with ₹1.2 lakh crore commitments. From hyper-scale data centers in Ahmedabad to next-gen refineries in Jamnagar, Reliance’s blueprint targets self-reliance in semiconductors and green hydrogen. Ambani emphasized, ‘Gujarat will lead India’s digital revolution,’ announcing partnerships with NVIDIA and TSMC for chip manufacturing.
The summit’s ripple effects extend beyond big business. Adani Ports pledged ₹60,000 crore for expanding Mundra as a world-class logistics hub, potentially handling 40% of India’s container traffic. Tata Motors committed ₹25,000 crore to EV ecosystems, including gigafactories and charging networks. Overseas giants like DP World, Foxconn, and Suzuki joined the fray, diversifying Gujarat’s industrial base.
Chief Minister Patel hailed the outcomes as ‘historic,’ crediting PM Modi’s vision. Single-window clearances, power tariffs at ₹3/unit, and 24-hour policy support were pitched as unbeatable incentives. Sector-wise, green energy led with 35% of pledges, followed by manufacturing (28%) and IT (20%).
Skeptics point to execution risks amid global headwinds, but Gujarat’s track record—delivering 85% of past commitments—instills confidence. Skill development programs targeting 5 lakh youth annually, coupled with women’s entrepreneurship funds, address human capital gaps.
Interactive sessions on sustainable tourism and blue economy opened new avenues, with Maldives and UAE expressing interest in joint ventures. As Vibrant Gujarat 2024 wraps up, it cements the state’s reputation as India’s growth engine, ready to propel the nation towards a $5 trillion economy.