In a dazzling display of economic firepower, the Vibrant Gujarat Summit 2024 scripted history with investment announcements totaling ₹3 lakh crore. Goenka Group’s visionary plans and Ambani’s sweeping commitments dominated headlines, charting a dynamic roadmap for the state’s evolution.
The biennial extravaganza, graced by PM Narendra Modi and 100+ countries’ delegations, underscored Gujarat’s magnetic pull. From renewable megaprojects to digital frontiers, pledges spanned every growth sector, promising a multiplier effect on jobs and exports.
Leading the charge, Sanjiv Goenka’s RPSG Group outlined ₹20,000 crore for clean energy dominance. Highlights include Asia’s largest wind farm in Porbandar and offshore solar in the Gulf of Kutch, leveraging Gujarat’s 1,600 km coastline. The group also eyed food processing hubs to process 30% of the state’s horticulture output, curbing post-harvest losses.
Mukesh Ambani elevated the stakes with Reliance’s ₹1.5 lakh crore war chest. Semiconductor fabs in Surat, AI research parks in Vadodara, and nationwide 5G backbone from Gujarat formed the core. ‘This is Atmanirbhar Gujarat leading Atmanirbhar Bharat,’ Ambani proclaimed, revealing tie-ups with global chipmakers and quantum computing pioneers.
A deluge of MoUs followed: L&T for smart cities (₹40,000 crore), Vedanta for specialty chemicals (₹30,000 crore), and Korean firms for display panels. Pharma giants like Sun Pharma and Dr. Reddy’s committed ₹15,000 crore to biotech corridors, positioning Gujarat as India’s medicine chest.
Government facilitators shone through: land banks exceeding 50,000 acres, plug-and-play infrastructure, and ESG compliance support. CM Patel’s ‘Invest in Gujarat, Grow with India’ mantra resonated, backed by fiscal incentives worth ₹10,000 crore.
Analysts forecast 2 million jobs over five years, with multiplier effects in SMEs and MSMEs. Environmental pledges aligned with net-zero goals, including mangrove restoration and water security via desalination. Tourism got a boost with heritage circuits and adventure sports investments.
While monitoring implementation remains key, Vibrant Gujarat reaffirms its legacy as India’s premier investment platform. The summit doesn’t just announce deals—it builds destinies, propelling Gujarat towards a $1 trillion economy by 2030.