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Vibrant Gujarat Summit Highlights: ‘Over 1 lakh startups in India, investment worth billions', says PM Modi

Vibrant Gujarat Summit Highlights: PM Modi inaugurated the Vibrant Gujarat Global Summit 2024 today, January 10.
PM Modi at VGGS summit 2024 with world leaders (PTI)
PM Modi at VGGS summit 2024 with world leaders (PTI)

Vibrant Gujarat Summit Highlights: Prime Minister Narendra Modi on Wednesday inaugurated the 10th edition of the Vibrant Gujarat Global Summit in Gandhinagar, alongside several global leaders. United Arab Emirates President Mohammed bin Zayed Al Nahyan will also be in attendance of the event. PM Modi embarked on his two-day visit to Gujarat on January 9 in Ahmedabad, where he met with several world leaders and CEOs of big firms, discussing developmental projects for Gujarat. Apart from the Vibrant Gujarat Global Summit, the prime minister will also inaugurate the Vibrant Gujarat Trade Show on January 10 evening....Read More

Vibrant Gujarat Summit 2024 is the 10th edition of the global summit, which was envisioned under the leadership of Narendra Modi when he was the chief minister of the state. The 2021 edition of the global summit was cancelled by the government due to the restrictions during the Covid-19 pandemic.

The global summit will be held from January 10 to January 12 and the theme for this year is ‘Gateway to the Future’. Dozens of global companies and partner countries are participating in the summit this year.

Follow all the updates here:
Jan 10, 2024 8:05 PM IST

Recap | PM Gati Shakti to become infrastructure planning tool for entire world: Union minister Goyal

Union Commerce and Industry Minister Piyush Goyal on Wednesday said the PM Gati Shakti mechanism, a technology-backed infrastructure development platform implemented by the Narendra Modi government, will become a planning tool for the entire world in the years to come. Goyal made the comments while addressing a seminar on 'PM Gati Shakti: Informed Decision Making for Holistic Development' organised at Mahatma Mandir convention centre here as part of the Vibrant Gujarat Global Summit 2024 which was inaugurated by Prime Minister Narendra Modi earlier in the day.

Jan 10, 2024 7:55 PM IST

Recap | Vibrant Gujarat Summit great forum to share perspectives on economic growth, reforms: PM Modi

Prime Minister Narendra Modi on Wednesday shared glimpses of the Vibrant Gujarat Summit, calling it a great forum to share perspectives on economic growth, reforms and strengthening India's development journey.

"Some glimpses from today's @VibrantGujarat Summit - a great forum to share perspectives on economic growth, reforms and strengthen our development journey," the PM wrote on 'X'.

Meanwhile, Foreign Secretary Vinay Kwatra has called the ongoing Vibrant Gujarat Global Summit in Gandhinagar the first one in the 'Amrit Kaal' period and said the summit has become synonymous with India's economic resurgence.

Jan 10, 2024 7:37 PM IST

1.3 lakh participants from 140 countries registered for Vibrant Gujarat: State govt

About 1.3 lakh participants from 140 countries have registered for the 10th edition of Vibrant Gujarat Global Summit, which has also emerged as a forum for discussions on global priorities and concerns, a senior government official said here.

VGGS 2024 was inaugurated by Prime Minister Narendra Modi earlier in the day.

SJ Haider, additional chief secretary of industries and mines department, said that 35 countries came onboard as partner nations for the three-day VGGS, up from 15 during the event in 2019.

Jan 10, 2024 6:31 PM IST

Musk not attending Vibrant Guj but Tesla welcome to invest: Official

Amid speculation that Elon Musk will visit Gujarat, a senior government official on Wednesday said the billionaire-founder of Tesla is not coming for the ongoing Vibrant Gujarat Global Summit, but they are welcome to invest in the state.

The state is very keen to get Tesla if it comes to India, Managing Director of Gujarat Industrial Development Corporation Rahul Gupta said.

He also said the state is already home to a slew of electric vehicle manufacturers.

To a specific question on whether Musk is expected to attend the three-day event inaugurated by Prime Minister Narendra Modi earlier in the day, a state government official replied in the negative.

PTI

Jan 10, 2024 5:06 PM IST

Union Commerce & Industry Minister Piyush Goyal speaks at Vibrant Gujarat Summit

At the Vibrant Gujarat Summit in Gandhinagar, Union Commerce & Industry Minister Piyush Goyal says, "PM Gati Shakti, in the years to come, will become the planning tool of infrastructure not only for Asia but the entire world."

Jan 10, 2024 4:38 PM IST

Viksit Bharat not just a dream, it's a possibility: NITI CEO Subrahmanyam

Asserting that 'Viksit Bharat' is not just a dream but a possibility, NITI Aayog CEO BVR Subrahmanyam on Wednesday said by most conservative estimates, India will be a USD 30 trillion economy by 2047.

Speaking at the 10th Vibrant Gujarat Global Summit here, Subrahmanyam further said India is in a position to take a quantum leap.

"Viksit Bharat is not just a dream, it's a possibility," he said.

According to him, a vision document is being prepared for India to become a developed economy of USD 30 trillion by 2047, and it will be released by the Prime Minister by the end of January.

PTI

Jan 10, 2024 4:14 PM IST

Nepal, India forge power partnership at Vibrant Gujarat Global Summit

On the inaugural day of the Vibrant Gujarat Global Summit, Nepal's Finance Minister Prakash Sharan Mahat made a groundbreaking announcement. He revealed a historic long-term power purchase agreement between Nepal and India, ANI reported.

According to the agreement, Nepal will export 10,000 megawatts (MW) of electricity to India over the next decade, signifying a major achievement in the energy collaboration between the two neighboring countries.

Jan 10, 2024 3:54 PM IST

"The best and the most competitive country in producing cars is Bharat", says Ryad Mezzour

The inauguration day of the Vibrant Gujarat Global Summit witnessed a momentous announcement by Ryad Mezzour, Minister of Industry & Commerce of Morocco, as he highlighted Bharat's prowess as the best and most competitive country in car production.

Minister Mezzour proposed a robust collaboration between Morocco and Bharat, emphasising the potential for a South-South triangular cooperation that could stimulate growth not only in Africa and India but also on a global scale.

Minister Mezzour said, "The best and most competitive country in producing cars is Bharat. Moreover, thanks to our ideal position as a continental and world-class hub. Morocco and Bharat can work closely through a South-South triangular cooperation to promote growth in Africa, India and the world".

ANI

Jan 10, 2024 3:38 PM IST

"PM Modi, you defined living bridge between United Kingdom and India": UK minister of State Lord Tariq Ahmad

Lauding the ties between the two nations, the UK Minister of State, Lord Tariq Ahmed, said that PM Modi defined the living bridge between the United Kingdom and India. He also conveyed British Prime Minister Rishi Sunak's greetings to his Indian counterpart, PM Modi.

Addressing the Vibrant Gujarat Summit today, the British Minister said that the summit has truly, in every sense, served as a master class on how to go about attracting global investors.

"PM Modi, you defined the living bridge between the United Kingdom and India. I want to extend the greetings from my Prime Minister Rishi Sunak, the son-in-law of India. This Summit has truly in every sense served as a master class on how to go about attracting Global investors. Our nations may be separated by thousands of miles geographically, but that vast distance can diminish with the warmth between our people, that living bridge and there is so much in common between our two nations..." he said.

ANI

Jan 10, 2024 3:25 PM IST

I am quite confident that India can achieve 5 trillion dollar economy target: Lakshmi Mittal

At Vibrant Gujarat summit in Gandhinagar, Lakshmi Mittal, Executive Chairman of ArcelorMittal says, "I am quite confident that India can achieve 5 trillion dollar economy target. We will continue to expand our business in steel & mining, and we are also entering into renewable energy. We've signed big MoUs."

Jan 10, 2024 3:17 PM IST

‘Potential for Czech-Indian collaboration is great…’: Czech PM Petr Fiala

The Prime Minister of the Czech Republic, Petr Fiala has said that the potential for Czech-Indian collaboration is great not only in energy but also in wastewater treatment or sustainable agriculture, and added that he is interested in long-term strategic investment.

He said that the strategic investments would include AI (Artificial Intelligence) research and especially semiconductors.

Jan 10, 2024 3:11 PM IST

PM Modi shares a candid moment with Ryad Mezzour

Prime Minister Narendra Modi shares a candid moment with Ryad Mezzour, Minister of Industry & Commerce, Morocco as he leaves after concluding his address at Vibrant Gujarat Global Summit 2024.

Jan 10, 2024 2:38 PM IST

What you see here, this entire platform is more than 70%-80% indigenised: Vice President of Adani Enterprises, Jeet Adani

Vice President of Adani Enterprises, Jeet Adani said to ANI "...What you see here, this entire platform is more than 70%-80% indigenised, which means everything is manufactured in this facility that you see over here, along with the vendor ecosystem that we've developed over the last twelve months. In terms of its abilities, it's a medium altitude, low endurance machine. So it's meant for 1000 miles sort of operational range and as you may have heard the chief of Naval staff talk about it earlier today, what this is primarily going to augment is their anti-piracy and seaborne missions..."

Jan 10, 2024 2:33 PM IST

Modi most successful Indian PM, greatest global leader, says Mukesh Ambani

Narendra Modi is India's most successful Prime Minister and the greatest global leader of current generation, billionaire Mukesh Ambani said on Wednesday as he flaunted his group Reliance Industries' Gujarati heritage and its over USD 150 billion ( 12 lakh crore) investment in last 10 years.

With Prime Minister Modi on the dias, Ambani termed the biennial Vibrant Gujarat Global Summit -- which was conceived when Modi was chief minister of the state two decades back -- as "the most prestigious investor summit in the world".

Jan 10, 2024 1:51 PM IST

Vibrant Gujarat Summit LIVE: ‘World looks at India as important pillar of stability’

PM Modi said during the Gujarat summit, “The world looks at India as an important pillar of stability; a friend who can be trusted, a partner who believes in people's centric development, a voice that believes in global good, and a voice of the global south.”

Jan 10, 2024 1:37 PM IST

Vibrant Gujarat Summit LIVE: UAE President departs from Gujarat

After the inauguration ceremony of the Vibrant Gujarat Summit concluded at 1 pm, President of UAE, Mohamed bin Zayed Al Nahyan took his leave from Gujarat.

Jan 10, 2024 1:22 PM IST

Vibrant Gujarat Summit LIVE updates: PM Modi on India's economic growth

PM Modi said during the summit, “We are all aware of the global circumstances. So, in times like these, if the Indian economy is displaying such resistance, if the growth in India is showing such momentum, a big reason behind this is our focus on structural reforms in the last 10 years. These reforms have enhanced the capacity, capability and competitiveness of India's economy.”

Jan 10, 2024 1:12 PM IST

Vibrant Gujarat Summit LIVE updates: ‘India in top three economies soon’

PM Modi said that all the major agencies estimate that India will be in the top three economies of the world in the coming years. He expressed confidence that this will happen soon, speaking on how Indian economy has grown over the last decade.

Jan 10, 2024 1:06 PM IST

Vibrant Gujarat Summit LIVE updates: ‘Over 1 lakh startups in India’

PM Modi hailed the growing startup culture and said that there are over one lakh startups in India, with investment worth billions being made in Indian ports.

Jan 10, 2024 1:04 PM IST

Vibrant Gujarat Summit LIVE updates: ‘Investment worth billions in India’

PM Modi said at the Vibrant Gujarat Summit 2024, "Agreements have been signed for new investments worth billions of dollars in India's port infrastructure by the companies from UAE..."

Jan 10, 2024 12:54 PM IST

Vibrant Gujarat Summit LIVE updates: PM Modi starts address

Jan 10, 2024 12:37 PM IST

Vibrant Gujarat Summit LIVE updates: Timor-Leste President speaks at the summit

Jan 10, 2024 12:22 PM IST

Vibrant Gujarat Summit LIVE updates: Czech PM on AI development

Jan 10, 2024 12:11 PM IST

Vibrant Gujarat Summit LIVE updates: Adani's major investment in Gujarat

Gautam Adani announced an investment of over 2 lakh crore in Gujarat during the VGGS 2024. Read more.

Jan 10, 2024 11:53 AM IST

Vibrant Gujarat Summit LIVE updates: Zerodha CFO thanks PM Modi

Jan 10, 2024 11:30 AM IST

Vibrant Gujarat Summit LIVE updates: Nvidia VP speaks at summit

Jan 10, 2024 11:15 AM IST

Vibrant Gujarat Summit LIVE: Reliance to set up Giga factory

Mukesh Ambani talked about five major commitments by Reliance in 2024, including a new giga factory in Gujarat in the second half of the year.

Jan 10, 2024 10:56 AM IST

Vibrant Gujarat Summit LIVE updates: Gautam Adani speaks at VGGS

Jan 10, 2024 10:42 AM IST

Vibrant Gujarat Summit LIVE updates: India to make Olympics bid

During his speech at the VGGS 2024, Mukesh Ambani said that India will bid for the 2036 Olympics, and Reliance Industries will make major investments in Gujarat for the same.

Jan 10, 2024 10:31 AM IST

Vibrant Gujarat Summit LIVE updates: Mukesh Ambani speaks

Mukesh Ambani says, “This summit is a tribute to PM Narendra Modi. When PM Modi speaks, the entire world listens.”

Jan 10, 2024 10:17 AM IST

Vibrant Gujarat Summit LIVE updates: UAE President addresses summit

Jan 10, 2024 10:07 AM IST

Vibrant Gujarat Summit LIVE updates: PM Modi reaches VGGS

Jan 10, 2024 9:48 AM IST

Vibrant Gujarat Summit LIVE updates: PM Modi meets Timor-Leste president

Jan 10, 2024 9:29 AM IST

Vibrant Gujarat Summit LIVE updates: 4 MoUs signed

Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan met in Gujarat on January 9, and India and UAE inked four MoUs for developmental projects.

Jan 10, 2024 9:03 AM IST

Vibrant Gujarat Summit LIVE updates: Singapore's ₹27,000 crore investment at VGGS

Jan 10, 2024 8:45 AM IST

Vibrant Gujarat Summit LIVE updates: Over 35 Fortune American firms in attendance

In order to increase and explore investment opportunities in Gujarat, over 35 Fortune American companies are attending the Vibrant Gujarat Global Summit 2024, including Salesforce, Abbott, Blackstone, HSBC, UPS, Micron, Cisco, SHRM and others.

Jan 10, 2024 8:13 AM IST

Vibrant Gujarat Summit LIVE updates: Time, location of inauguration

PM Narendra Modi will inaugurate the Vibrant Gujarat Summit 2024 at Mahatma Mandir, Gandhinagar on Wednesday, January 10. The inauguration is expected to take place at 10 am today.

Jan 10, 2024 7:58 AM IST

Vibrant Gujarat Summit LIVE updates: 20 years of global summit

The Vibrant Gujarat Summit was first conceptualized by Narendra Modi in 2023, when he was the chief minister of Gujarat. The first ever summit was held in the Navatri season that year, with over 1000 delegates.

Jan 10, 2024 7:40 AM IST

Vibrant Gujarat Summit LIVE updates: Adani, Ambani in spotlight

The Vibrant Gujarat Global Summit 2024 will also feature industry leaders in India like Gautam Adani, Mukesh Ambani, Lakshmi Mittal, Kumar Mangalam Birla, Anil Agarwal of Vedanta Group, Uday Kotak, and Sameer Nigam of PhonePay.

Jan 10, 2024 7:27 AM IST

Vibrant Gujarat Summit LIVE updates: Who will attend the event?

The inauguration ceremony of the Vibrant Gujarat Global Summit 2024 will be attended by PM Modi and Gujarat CM Bhupendrabhai Patel. Prime Ministers and CEOs from 34 partner countries and 16 partner organizations will also be in attendance.

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