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Highlights: Ambani, Tata & Adani investment plans dominate Gujarat summit

Catch all the highlights on Vibrant Gujarat Summit 2024 here

Vibrant Gujarat Summit 2024
Vibrant Gujarat Summit 2024

2 min read Last Updated : Jan 10 2024 | 6:48 PM IST

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Gujarat summit: RIL will build green energy giga complex over 5,000 acres in Jamnagar, says Mukesh Ambani

"We will help Gujarat’s target to meet half of its energy needs through renewable energy by the year 2030.For this, we have started building the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar," Reliance Industries' Mukesh Ambani said at the summit.

Vibrant Gujarat Global Summit highlights: At the Vibrant Gujarat Summit, India's corporate goliaths— Adani, Ambani, and Tata— collectively announced mega investment plans for the state.

Billionaire Mukesh Ambani announced that Reliance Industries plans will build India's inaugural state-of-the-art carbon fiber facility at Hazira.  Ambani stressed that Reliance has been, is, and will continue to be a Gujarat-based company. He highlighted that the firm has poured over $150 billion into developing world-class assets and capabilities across India in the past decade. More than one-third of this investment has been dedicated to Gujarat alone, reinforcing the company's strong commitment to the region.

Tata Group also announced its plans to build a new semiconductor fabrication plant in Gujarat, India, later this year, Tata Sons chairman Natarajan Chandrasekaran said during the summit

The Adani Group intends to invest Rs 2 trillion ($24 billion) in the next five years in the green energy and renewable energy sectors in the state of Gujarat, its chairman Gautam Adani announced today at the Vibrant Gujarat summit.

"We pledge to make India 'Viksit' by the time it reaches 100 years of Independence", Prime Minister Modi said today at the Gujarat summit. The world looks at India as pillar of stability and a friend who can be trusted, he added.

RIL chairman and MD, Mukesh Ambaniapplauded the commencement of the 10th edition of the Vibrant Gujarat Summit. Addresing the summit, Ambani said that this gathering of global investors has thrived for two decades, advancing and gaining prominence under the visionary guidance of Prime Minister Modi. Ambani appreciates the distinctive standing of this summit, emphasizing its unparalleled longevity and enduring success. The enduring triumph of the Vibrant Gujarat Summit serves as a testament to Prime Minister Modi's steadfast vision and unwavering commitment to promoting economic growth and development.  "Reliance was, is and will always remain a Gujarati company. Reliance has invested over Rs 12 trillion in creating world-class assets and capacities across India in the last 10 years. Of this, more than one-third has been invested in Gujarat alone," said Ambani.

Topics :Narendra ModiGujarat governmentTrade talksVibrant Gujarat Global SummitMukesh Ambani GroupMukesh Ambani

First Published: Jan 10 2024 | 11:06 AM IST

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