Ahead of the 10th Vibrant Gujarat Global Summit, the Gujarat government has secured investment proposals worth Rs 9.45 lakh crore through 55,860 projects.
Industries Minister Balwantsinh Rajput shared the details, highlighting that 32,801 of these projects have been successfully commissioned, while 13,051 are in the initial stages and 6,217 are under implementation.
Minister Rajput credited the biennial summit, launched in 2003 under then Gujarat Chief Minister and current Prime Minister Narendra Modi, for shaping Gujarat into a leading investment destination.
He emphasized that the state’s investor-friendly policies, including robust infrastructure, industrial parks, and digital connectivity, have attracted multinational companies and made Gujarat a model of economic growth.
To further support investors, the state has introduced sector-specific policies and an online single-window portal for smoother facilitation. Minister Rajput also highlighted that during the 10th edition of the summit in 2024, the state government signed Memorandums of Understanding (MoUs) worth an estimated Rs 47 lakh crore.
The Vibrant Gujarat Global Summit has played a significant role in the state's economic transformation.
The first summit in 2003 saw investment commitments worth Rs 66,000 crore, while the 2005 edition crossed Rs 1 lakh crore. By 2007, the summit had attracted international attention, with 300 foreign delegates from 25 countries and MoUs worth Rs 4.6 lakh crore.
In 2009, over 600 MoUs were signed, proposing investments of Rs 12 lakh crore. The 2011 summit achieved participation from over 100 countries, leading to investment intentions of Rs 20.83 lakh crore.
The 2013 edition focused on knowledge sharing, urban development, and sustainable growth, expanding its scope further.
After Narendra Modi became Prime Minister, the 2015 summit positioned Gujarat as a global investment hub, with major economies like the US, UK, Canada, Japan, and Australia participating.
The 2017 edition saw the highest foreign presence, with over 25,000 participants from 100 countries and investment proposals exceeding Rs 56 lakh crore.
Follow us
