The 10th Vibrant Gujarat Global Summit (VGGS) was held from January 10 to 12, 2024, at Mahatma Mandir Convention and Exhibition Centre in Gandhinagar, Gujarat, India. The summit, organized by the

Government of Gujarat The Government of Gujarat, also known as Gujarat Government, is the supreme governing authority of the Indian state of Gujarat and its 33 districts. It consists of an executive of the legislators appointed by the Governor of Gujarat, a judiciar ...

in partnership with the

Confederation of Indian Industry The Confederation of Indian Industry (CII) is a Non-governmental organization, non-governmental business and industry organisation and advocacy group headquartered in New Delhi, India, founded in 1895. CII is a membership-based organisation. ...

(CII) and iNDEXTb, focused on the theme "Gateway to the Future," bringing together global leaders, policymakers, and industry experts to discuss and explore opportunities for sustainable development, economic growth, and international cooperation. The main focus of the Vibrant Gujarat Summit was on

semiconductor A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities (" doping") to its crystal structure. When two regions with different doping level ...

green hydrogen Green hydrogen (GH2 or GH2) is hydrogen produced by the electrolysis of water, using renewable electricity. Production of green hydrogen causes significantly lower greenhouse gas emissions than production of grey hydrogen, which is derived fr ...

, space technology manufacturing,

electric mobility An electric vehicle (EV) is a motor vehicle whose propulsion is powered fully or mostly by electricity. EVs encompass a wide range of transportation modes, including road vehicle, road and rail vehicles, electric boats and Submersible, submer ...

, sustainable manufacturing,

renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

, and Industry 4.0, said CM Bhupendra Patel. The journey of Vibrant Gujarat summit began in 2003 and was held every two years. In preparation for the summit, the Gujarat government conducted roadshows across India and the globe to promote the state's investment potential and attract global investors. These summits were held in major cities such as

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, but spread chiefly to the west, or beyond its Bank (geography ...

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

, and

Chandigarh Chandigarh is a city and union territory in northern India, serving as the shared capital of the states of Punjab and Haryana. Situated near the foothills of the Shivalik range of Himalayas, it borders Haryana to the east and Punjab in the ...

, as well as in international cities like New Jersey, Dubai,

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

Copenhagen Copenhagen ( ) is the capital and most populous city of Denmark, with a population of 1.4 million in the Urban area of Copenhagen, urban area. The city is situated on the islands of Zealand and Amager, separated from Malmö, Sweden, by the ...

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

Ho Chi Minh City Ho Chi Minh City (HCMC) ('','' TP.HCM; ), commonly known as Saigon (; ), is the most populous city in Vietnam with a population of around 14 million in 2025. The city's geography is defined by rivers and canals, of which the largest is Saigo ...

, and

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. As of right now, the state government reported that 28 nations and 14 organizations have confirmed to be partners in the summit. MoUs for 41,299 projects, with investment worth ₹26.33 lakh crore were signed during the event.

Background

The Vibrant Gujarat Global Summit, often referred to as the Vibrant Gujarat Summit, is a biennial global business event that is held in the state of

Gujarat Gujarat () is a States of India, state along the Western India, western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the List of states and union territories ...

, India. This biennial summit is known for its significance in fostering

economic growth In economics, economic growth is an increase in the quantity and quality of the economic goods and Service (economics), services that a society Production (economics), produces. It can be measured as the increase in the inflation-adjusted Outp ...

trade Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. Traders generally negotiate through a medium of cr ...

, and

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

opportunities in the region. It provides a platform for key stakeholders, including government officials, business leaders,

investor An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital the investor usually purchases some species of pr ...

s, and experts, to come together and discuss various aspects of economic development and collaboration. The Vibrant Gujarat Global Summit was first launched in 2003, and over the years, it has evolved into one of Gujarat's most important economic forums. It is organized by the

and supported by various industry associations, both at the national and international levels. The summit's primary objective is to promote Gujarat as an attractive investment destination and to facilitate partnerships and collaborations across different sectors. The primary objective of the summit is to create a platform where business leaders, policymakers, and

s to explore opportunities for investment, collaboration, and partnership in various sectors of the economy. The event is structured to facilitate discussions, negotiations, and agreements in sectors such as energy, manufacturing, infrastructure, information technology, agriculture, healthcare, and more. During the Vibrant Summit series, thousands of MOUs were signed and billions of dollars were spent in Gujarat (2003–76 MOUs worth US$14 billions, 2005–226 MOUs worth US$20 billions, 2007–675 MOUs worth US$152 billions, 2009–8662 MOUs worth US$243 billions, 2011–7936 MOUs worth US$462 billions).

2023 Startup Conclave

The Startup Conclave 2023 was held in

Gandhinagar Gandhinagar () is the capital of the state of Gujarat in India. Gandhinagar is located approximately 23 km north of Ahmedabad, on the west central point of the industrial corridor between the megacities of Delhi and Mumbai. Gandhinagar ...

on 7 December 2023 in the build-up to the 2024 Vibrant Gujarat Global Summit. It aimed to highlight India's rapidly evolving startup ecosystem and foster innovation and collaboration within the country. Presently, India is home to over 108

unicorn The unicorn is a legendary creature that has been described since Classical antiquity, antiquity as a beast with a single large, pointed, spiraling horn (anatomy), horn projecting from its forehead. In European literature and art, the unico ...

s, with a combined estimated worth of US$340.80 billion. Of these, 44 unicorns with a valuation of roughly US$93 billion were identified in 2021. Gujarat Chief Minister Bhupendra Patel, along with Union Ministers

Dharmendra Pradhan Dharmendra Pradhan (born 26 June 1969) is an Indian politician who has served as the Minister of Education since his appointment in July 2021. He has previously held the portfolios of Minister of Skill Development and Entrepreneurship (2017– ...

and Rajeev Chandrasekhar, attended the roundtable as well. It was organized by the state education department in collaboration with the Department of promotion of industry and internal trade (DPIIT), with the

Federation of Indian Chambers of Commerce and Industry A federation (also called a federal state) is an entity characterized by a political union, union of partially federated state, self-governing provinces, states, or other regions under a #Federal governments, federal government (federalism) ...

(FICCI) serving as the knowledge partner, according to state government sources. The event was attended by established startup founders, investors, venture capitalists, industry experts, and innovators. Representatives from unicorn startups, venture capitalists from around the country, and state businesspeople attended the summit, according to the minister. Additionally,

Rajeev Chandrasekhar Rajeev Chandrasekhar (born 31 May 1964) is an Indian entrepreneur and politician currently serving as the state president of BJP Kerala. He is a former junior minister, Minister of State for the Ministry of Electronics and Information Technolo ...

, Minister of State for Skill Development, Entrepreneurship, Electronics, and Information Technology, and Union Education Minister

also attended a roundtable meeting on December 6 in Gandhinagar. Rushikesh Patel stated, "To provide a more flexible and conducive environment for startups, the roundtable meeting and startup conclave aimed to focus on regulatory reforms, tax incentives, and enhancing the startup ecosystem in terms of compliance." A study of Gujarat's and India's private equity and venture capital investment landscapes will also be covered in the conversation.

VGVD

Vibrant Gujarat-Vibrant District (VGVD) is an initiative undertaken by the

to promote economic development and investment across all 33 districts of the state. The program was launched in 2023 as a precursor to the 10th edition of the Vibrant Gujarat Global Summit (VGGS), scheduled for January 2024. One of the key aspects of the VGVD program is the promotion of the "One District-One Product" (ODOP) initiative. This initiative aims to identify and nurture a flagship product or industry in each district, leveraging its unique strengths and competitive advantages to boost local economies. ODOP products range from traditional

handicraft A handicraft is a traditional main sector of craft making and applies to a wide range of creative and design activities that are related to making things with one's hands and skill, including work with textiles, moldable and rigid material ...

s to innovative technologies, reflecting the diverse economic landscape of Gujarat. These exhibitions highlighted items from the 'One District-One Product' (ODOP) project, increasing their visibility. Startups, local MSMEs, self-help organizations, FPOs, women entrepreneurs,

khadi Khadi (, ), derived from khaddar, is a hand-spun and woven natural fibre cloth promoted by Mahatma Gandhi, Gandhi as Swadeshi movement, ''swadeshi (of homeland)'' for the freedom struggle of India and the term is used throughout the Indian sub ...

and village industries, cottage industries, and PM Vishwakarma Yojana beneficiaries all took part. Under the Credit Linkage Program, loan fairs were held during the events, and recipients received checks for approved loans. As part of the 'Vocal for Local' campaign, 996 stalls were put up in the exhibitions to promote and spread local goods. The Vibrant Gujarat-Vibrant District initiative organized seminars and workshops on a range of subjects, as well as B2B, B2C, and B2G interactions with traders and businessmen. The Vibrant Gujarat-Vibrant District (VGVD) program took place in all 32 districts of Gujarat from October 2 to October 31, 2023, falling between

Gandhi Jayanti Gandhi Jayanti is a national holiday in India, celebrated annually on 2 October to honour the birth of Mahatma Gandhi, one of the key leaders of the Indian independence movement and a pioneer of the philosophy and strategy of nonviolence. It ...

and Sardar Patel Jayanti. This was done in preparation for the Vibrant Gujarat Global Summit in 2024. In all, 2,614 Memorandum of Understandings (MoUs) showing prospective investments above Rs 45,000 crores were inked, according to the official announcement from the state government.

MoUs

* Pre-Summit MoUs: Gujarat had signed MoUs for proposed investments totaling ₹7,12,250 crores. These agreements estimated the creation of 3,70,165 direct and indirect employment opportunities. * Summit MoUs: During the 10th edition of the Vibrant Summit, Gujarat signed the total investment commitment to more than ₹45 lakh crore across 98,540 projects. KP Group and the

signed an MoU to install 2.6+ GW of Solar, Wind & Hybrid power plants, as well as a green hydrogen plant in Gujarat. The estimated investment of 17,690 crore rupees and the creation of an estimated 13,750 jobs in Gujarat are anticipated by the year 2026.

Participants

About 1.3 lakh participants from 140 countries have registered for the 10th edition of Vibrant Gujarat Global Summit. 200 Russian government representatives and entrepreneurs will take part in Vibrant Gujarat.

Participating leaders

File:Official Photograph of Prime Minister Narendra Modi Portrait.png, alt=India, Narendra Modi, Prime Minister (Host),

Narendra Modi Narendra Damodardas Modi (born 17 September 1950) is an Indian politician who has served as the Prime Minister of India, prime minister of India since 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Par ...

Prime Minister of India The prime minister of India (ISO 15919, ISO: ) is the head of government of the Republic of India. Executive authority is vested in the prime minister and his chosen Union Council of Ministers, Council of Ministers, despite the president of ...

File:Mohamed bin Zayed Al Nahyan.jpg, alt=United Arab Emirates Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates,

Mohamed bin Zayed Al Nahyan Mohamed bin Zayed Al Nahyan (born 11 March 1961), also known as MbZ, is an Emirati royal and politician who is serving as the third and current president of the United Arab Emirates and ruler of Abu Dhabi since 2022. Mohamed completed his e ...

President of the United Arab Emirates The president of the United Arab Emirates (), or the Raʾīs (), is the head of state of the United Arab Emirates (UAE). The president and vice presidents are ''de jure'' elected every five years by the Federal Supreme Council, and the prim ...

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Filipe Nyusi Filipe Jacinto Nyusi (; born 9 February 1959) is a Mozambican politician who was the fourth president of Mozambique from 2015 to 2025. He has also served as the Chairman of the Southern African Development Community from 2020 to 2022. During his ...

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Petr Fiala Petr Fiala (; born 1 September 1964) is a Czech politician and political scientist who has been the prime minister of the Czech Republic since December 2021 and leader of the Civic Democratic Party (Czech Republic), Civic Democratic Party (ODS) ...

Prime Minister of the Czech Republic The prime minister of the Czech Republic ( Czech: ''Předseda vlády České republiky'') is the head of the government of the Czech Republic and the '' de facto'' leader and most powerful member of the executive branch. The Constitution provid ...

, alt=Czech Republic Petr Fiala, Prime Minister of the Czech Republic File:Portrait of Jose Ramos-Horta.jpg,

José Ramos-Horta José Manuel Ramos-Horta GCL GColIH (; born 26 December 1949) is an East Timorese politician. He has been the president of East Timor since 2022, having previously also held the position from 20 May 2007 to 20 May 2012. Previously he was Mini ...

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Speakers

* Vumlunmang Vualnam, the Secretary of the Ministry of Civil Aviation for the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

* Kanika Tekriwal, the Founder & CEO of JetsetGo * Venkat Katkuri, Head of

Airbus Airbus SE ( ; ; ; ) is a Pan-European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate Airbus Defence and Space, defence and space and Airbus Helicopters, he ...

Defense and Space (India and South Asia) * K. Rajaraman, IAS, Chairman International Financial Services Centres Authority

References

External links

* * {{DEFAULTSORT:Vibrant Gujarat Global Summit, 2024 Economy of Gujarat 2020s in Gujarat Business conferences in India Investment in India Business conferences 2024 conferences January 2024 in India

Background

2023 Startup Conclave

VGVD

MoUs

Participants

Participating leaders

Speakers

See also

References

External links