January 20, 2019
The global investor event was organised in association with 15 partner countries and 11 partner organisations
Summit hosted Africa Day, MSME convention, opportunities in Science, Technology, Engineering, among others
The Indian state with the longest coastline at 1,600 km reported GSDP of over US$ 173.2 billion in FY 2016-17
State hosts the world’s largest production base of processed diamonds to the largest petroleum and petrochem plant
Prime Minister Shri Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit on January 18 at Gandhinagar. The global investor event was organised in association with 15 partner countries and 11 partner organisations. The summit was attended by five heads of states and governments from Rwanda, Uzbekistan, Denmark, Czech Republic and Malta, along with industry leaders and over 30,000 delegates from worldover. Opening the event, PM Modi invited global enterprises to invest in India where business environment has steadily improved with investor-friendly policies as well as infrastructure investment.
The world’s fastest-growing major economy has jumped 65 ranks over four years to reach the 77th rank on the Ease of Doing Business index published by the World Bank Group. As a result, India has emerged as South Asia’s top-ranked economy. The nation is aiming to break into the top 50 ranking in the coming years. PM Modi added international institutions such as the World Bank, International Monetary Fund and rating agency Moody’s have shown confidence on India’s economy and the reforms taken in recent times. Doing business has also gotten cheaper in India with tax reforms and improved fiscal incentives.
Major events during the three-day summit included a round-table interaction with the heads of global funds, ‘Africa Day’, MSME convention, Roundtable for Opportunities in Science, Technology, Engineering and Mathematics (STEM) Education & Research. In addition, Exhibition on Futuristic Technologies and Space Exploration, Seminar on Port Led Development & Strategies to establish India as Transshipment Hub of Asia and on Make in India to showcase the success stories and key interventions by Government were organized. Vibrant Gujarat has played the role of a catalyst for several other state investor summits.
Positioned on the western shore of India, Gujarat has emerged as one of the leading industrialised states in India. From the world’s largest production base of processed diamonds to the largest petroleum and petrochemical plant, the state hosts flourishing trade in a cross-section of sectors. Owing to a tradition of entrepreneurship, the state has also come up as a destination of IT innovation. The Indian state with the longest coastline at 1,600 km reported GSDP of around US$ 173.2 billion during FY 2016-17. Meanwhile, over 105 product clusters and 60 notified special economic zones (SEZs) have been planned in the state.