During the 10th edition of the Vibrant Gujarat Global Summit (VGGS) 2024, Chief Minister Bhupendra Patel announced that Memorandums of Understanding (MoUs) for 41,299 projects with investment proposals worth Rs 26.33 lakh crore were signed. The three-day mega event, which concluded on Friday, saw participation from over 61,000 delegates from more than 140 countries.
If the MoUs signed at the VGGS originally planned for 2022 (but postponed due to the COVID-19 pandemic) were included, the total agreements reached 98,540, with investment proposals exceeding Rs 45 lakh crore, according to Patel. The official investor facilitation portal (IFP) recorded details of these MoUs.
Among the sectors receiving the highest number of investment proposals were urban development, minerals, chemicals, petrochemicals, animal husbandry and fishing, power, oil & gas, agro and food processing, textile and apparels. The agreements covered a wide range of sectors, including environment, forest, and climate change, rural development, education, engineering, auto, healthcare, pharma, and tourism.
The summit, inaugurated by Prime Minister Narendra Modi on January 10, featured more than 61,000 delegates from over 140 countries, with UAE President Mohammed bin Zayed Al Nahyan as the chief guest at the inaugural event. It also attracted participation from the Presidents of Mozambique, Timor-Leste, and the Czech Republic, along with Deputy Prime Minister of Vietnam Tran Luu Quang and over 40 minister-led delegations from different countries. The valedictory ceremony included a speech by Union Home Minister Amit Shah.
(With Agency Inputs)
