Prime Minister Narendra Modi arrived in Ahmedabad on January 9, commencing a two-day visit to launch the 10th edition of the Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. Celebrating a decade of success, this summit, held from January 10 to 12, revolves around the theme ‘Gateway to the Future.’
PM Modi expressed his joy about his association with the Vibrant Gujarat Summit, highlighting its significant role in contributing to Gujarat’s growth and creating opportunities for numerous individuals. The summit has evolved into a global platform, witnessing participation from 135 countries and over 2000 exhibitors.
The event’s theme, ‘Gateway to the Future,’ underscores its role as a pivotal platform in the global landscape. With 34 partner countries and 16 partner organizations, this edition aims to commemorate “20 Years of Vibrant Gujarat as the Summit of Success.”
During his visit, PM Modi is scheduled to meet world leaders and CEOs of top global corporations, fostering bilateral relations and exploring avenues for economic collaboration. The summit anticipates signing numerous investment pacts, with Gujarat having been a magnet for foreign direct investment (FDI), attracting USD 55 billion in the last two decades.
Gujarat’s economic impact is particularly noteworthy in the auto sector, which secured 13% of the state’s FDI, surpassing India’s national average. The state’s auto exports reached ₹12 lakh crore in the financial year 2022-23, constituting 33% of India’s total exports.
While Gujarat hopes for a record number of investment pacts during the summit, officials remain non-committal on the participation of Tesla co-founder and CEO Elon Musk. The summit, known for its success in previous editions, witnessed a record 28,360 projects and Memorandums of Understanding (MoUs) signed in 2019, showcasing its growing importance.
As part of the summit’s activities, Hindustan Aeronautics Limited (HAL) showcased its capabilities at the ‘Vibrant Gujarat Global Trade Show 2024,’ aligning with the ‘Aatmanirbhar Bharat’ vision. This signifies the summit’s broader scope, reaching beyond economic collaborations to showcase advancements in various sectors.
Security measures for the summit include 3D mapping of venues using drones, dedicated frequency channels, and control rooms equipped with CCTV for effective monitoring. The ‘Vibrant Gujarat Global Trade Show 2024’ offers a platform for various companies, with Hank Schouten, Chairman and Founder of Schouten Europe, acknowledging significant opportunities in India, particularly in the plant-based protein sector.
The 10th edition of the Vibrant Gujarat Global Summit marks a significant milestone in the state’s journey, reflecting on its success over the past decade. With a focus on economic growth, global partnerships, and showcasing advancements, the summit continues to play a crucial role in positioning Gujarat as a vibrant and dynamic destination for investments and collaborations.
