Vibrant Gujarat Summit- Investments worth Rs 26.33 lakh crore
The tenth edition of the three-day Vibrant Gujarat Summit 2024 ended on a high note. Inaugurated by prime minister Narendra Modi, the event attracted investments in sectors like green hydrogen, renewable power, e-mobility, semiconductors and financial services and fintech at the GIFT city. The UAE President Mohammed bin Zayed Al Nahyan was the chief guest at the inaugural event and other heads of countries from Mozambique, Timore-Leste and Czech Republic were part of the event. With more than 61,000 delegates from over 140 countries, the high-profile event also hosted 40 Minister-led delegations from 35 different countries and partnered with 16 international organisations.
MoUs for 41,299 projects worth Rs 26.33 lakh crore were signed. According to the Chief Minister Bhupendrabhai Patel, if the MoUs signed at the previous summit (scheduled for 2022 but postponed due to the COVID-19 pandemic) were added up, a total of 98,540 agreements with investment proposals worth more than Rs 45 lakh crore were inked in 2022 and 2024.
Earlier, the success rate of MoUs was recorded as 70 per cent. The government has set a target of ensuring a 90 per cent success rate for the investment agreements signed during this edition.
