- Monday, February 24, 2025
Gujarat chief minister Bhupendra Patel confirmed the news on the final day.
By: Shubham Ghosh
THE much-publicised Vibrant Gujarat Global Summit business event concluded in Gandhinagar in the western Indian state of Gujarat on Friday. Memorandums of understanding (MoUs) for more than 41,000 projects with investment proposals worth Rs 26.33 lakh crore (£249.4 billion) were inked during the three-day event, said Gujarat’s chief minister Bhupendra Patel.
Patel made the announcement about MoUs in a post on X at the conclusion of the biennial summit, which saw participation from more than 61,000 delegates from over 140 countries. Prime minister Narendra Modi inaugurated the summit, which saw presence of a number of dignitaries both from India and abroad, on Wednesday (10).
If the MoUs signed at the summit that was originally planned for 2021, but was postponed due to the Covid-19 pandemic were added up, a total of 98,540 agreements with investment proposals worth more than Rs 45.2 lakh crore (£428.2 billion) were inked, he said.
Read: Vibrant Gujarat Global Summit in pictures
As per details registered on the official investor facilitation portal (IFP), MoUs for a total of 98,540 projects with proposed investments of Rs 45.2 lakh crore were inked during the period between the conclusion of the ninth and tenth editions of the summit in 2019 and 2024, respectively.
These included 21,536 large sector proposals making an investment intention of Rs 43.24 lakh crore (£409.7 billion), and 77,004 pacts envisaging capital infusion of Rs 19.58 lakh crore (£185.5 billion).
Read: India home minister urges Gujarat industrialists to invest in Kashmir
Among the sectors with the highest number of investment proposals are urban development, mineral, chemicals, petrochemicals, animal husbandry and fishing, power, oil & gas, agro and food processing, textile and apparels, as per details available on IFP.
Among the other sectors for which MoUs were signed between February 1, 2019, and January 12, 2024, were environment, forest and climate change, rural development and rurban housing, education, engineering and auto, health care, pharma and tourism.
UAE president Mohammed bin Zayed Al Nahyan was the chief guest at the inaugural event.
It also saw the presence of presidents of three countries — Mozambique (Filipe Nyusi), Timore-Leste (Jose Ramos-Horta) and the Czech Republic (Petr Pavel).
Indian home minister Amit Shah spoke at the concluding ceremony of the summit on Friday.
(With PTI inputs)
