In a bold proclamation, Piyush Goyal, India’s Commerce Minister, declared Gujarat the turbocharger for the nation’s Viksit Bharat 2047 roadmap. Addressing industry leaders, he painted a vivid picture of Gujarat leading India’s charge towards becoming a developed economy.
The state’s unparalleled growth story sets it apart. Home to Asia’s largest ship-breaking yard, multiple special economic zones, and a burgeoning fintech ecosystem, Gujarat exemplifies ‘Make in India’. Goyal detailed how the Vibrant Gujarat Summit has evolved into a global platform, drawing commitments worth trillions over the years.
Key highlights included Gujarat’s dominance in diamond processing (90% of global supply), pharmaceutical production, and textile exports. Goyal revealed ambitious targets: doubling manufacturing GDP contribution to 25% and positioning Gujarat as India’s semiconductor capital.
‘Investment flows where ease meets opportunity, and Gujarat delivers both,’ Goyal stated. He spotlighted the PM Gati Shakti initiative’s impact, with multi-modal connectivity slashing logistics costs by 20%. Upcoming hyperloop projects and dedicated freight corridors will further boost competitiveness.
The event saw participation from Fortune 500 CEOs, with anchor investments in electric vehicles, data centers, and space tech. Goyal emphasized skilling programs training 1 million youth annually, creating a ready workforce for Industry 4.0.
Looking ahead, Gujarat aims for carbon-neutral industrial parks and blue economy expansion. Goyal linked this to national priorities like PLI schemes, where Gujarat has secured the lion’s share of incentives. As partnerships solidify, Gujarat stands tall as the catalyst transforming India’s economic aspirations into reality by 2047.