Vibrant Gujarat Global Summit

Avaada Group to invest Rs 40,000 cr in 6 GW renewable projects in Gujarat

Avaada Group on Monday said it has committed investments worth Rs 40,000 crore for development of 6,000 MW hybrid wind-solar projects in Gujarat. The agreement was signed in the presence of Gujarat Chief Minister Bhupendrabhai Patel on the sidelines of the Vibrant Gujarat Global Summit 2024 on January 10-12 at Gandhinagar, a company statement said. According to the statement, Avaada Group has signed a Memorandum of Understanding (MoU) with the Gujarat government. This strategic alliance aims to set up hybrid wind-solar projects with an aggregate 6,000 MW (6 GW) capacity in the state with an investment of about Rs 40,000 crore. The group's commitment to green initiatives in Gujarat is underscored by substantial investments in the development of a robust renewable energy ecosystem. The hybrid projects, located in various districts of Gujarat, predominantly in the underdeveloped wastelands of Kutch, will supply power to various utilities of India including GUVNL (Gujarat Urja Vikas N

NTPC Green Energy signs 2 pacts for green hydrogen projects in Gujarat

NTPC Green Energy Ltd (NGEL) on Friday announced the signing of two initial pacts for the development of green hydrogen projects in Gujarat. The NTPC's arm signed the Memoranda of Understandings (MoUs) with Gujarat State Petroleum Corporation Ltd (GSPC) and Gujarat Pipavav Port Ltd (GPPL) These pacts were signed at the Vibrant Gujarat Summit in Gandhinagar. In a statement, NTPC said the pact with GSPC is for the blending of green hydrogen in the gas networks of GSPC and green hydrogen mobility by setting up of green hydrogen fuelling stations in Gujarat. The MoU with GPPL aims to develop green hydrogen ecosystem, including production of Green Ammonia at the land provided by GPPL for export and domestic market, according to the statement. NGEL is a wholly-owned subsidiary of NTPC with an operational capacity of over 3.4 GW and 26 GW in pipeline, including 7 GW under implementation.

MoUs worth Rs 26.33 trn signed at Vibrant Gujarat Summit 2024: CM Patel

Memorandums of Understanding (MoUs) for 41,299 projects with investment proposals worth Rs 26.33 lakh crore were signed during the 10th edition of the Vibrant Gujarat Global Summit 2024, Chief Minister Bhupendra Patel said on Friday. Patel made the announcement in a post on X as the three-day summit ended here. If the MoUs signed at the VGGS that was to be organised in 2022 but postponed due to the COVID-19 pandemic were added up, a total of 98,540 MoUs with investment proposals worth more than Rs 45 lakh crore were inked, he said. "Under the guidance of Honorable Prime Minister Shri Narendra Modi, Vibrant Gujarat Global Summit 2024 has created a new record," Patel said in his tweet. "In the Vibrant Summit postponed due to the coronavirus epidemic in the year 2022, MoUs worth Rs 18.87 lakh crore for 57, 241 projects were signed. In the 10th edition of Vibrant Summit held in January 2024, MoUs for 41,299 projects have been signed attracting investments worth Rs 26.33 lakh crore," .

CISCO, NAMTECH enter tie-up to impart training in cybersecurity, AI

Global tech company CISCO has partnered with NAMTECH -- an initiative backed by steel maker AMNS India -- to impart training in areas like cybersecurity and Artificial Intelligence (AI) for the manufacturing industry. The agreement?, which was signed at the Vibrant Gujarat Global Summit 2024 in Gandhinagar, aims to build a talent pipeline comprising more than 5,000 engineers and technicians over the next five years. There is a growing demand for skilled professionals in cybersecurity and networking, especially for manufacturing entities looking to accelerate digital transformation towards the adoption of Industry 4.0 technologies, New Age Makers Institute of Technology (NAMTECH) said in a statement on Friday. "NAMTECH and Cisco have signed a Memorandum of Understanding (MoU) to create academic programme focused on developing cybersecurity, networking, and AI experiential learning and training modules for the manufacturing industry," it said. NAMTECH Director General Arun Kumar Pill

Zydus Group to invest Rs 5,000 cr across various sectors in Gujarat: Patel

Zydus Group on Friday announced plans to invest Rs 5,000 crore in Gujarat in various sectors, including new generation biotechnology products and hospitals, its Chairman Pankaj Patel said. Speaking at the 10th Vibrant Gujarat Global Summit here, Patel said his group has signed Memoranda of Understanding (MoUs) with the state for the investments. "We have signed MoUs of over Rs 5,000 crore. We'll be investing into next generation biotechnology products, new medical device initiatives and hospitals for the healthcare sector," he said. Patel said he has been attending the biennial summit since its inception and thanked Prime Minister Narendra Modi and Union Home Minister Amit Shah for helping businesses when it needs it the most. He said business needs leadership with a vision and the one that pushes it to think bigger, which is offered in Gujarat. Earlier, Nayara Energy's head of refinery Prasad Panicker said the company will be expanding its refinery at Vadinar and also upping its

Committed to achieve 50% of renewable power sources ahead of 2030: Official

India is looking to achieve the target of 50 per cent of its total power capacity coming from renewable energy ahead of its stated timeline of 2030, a senior government official said on Friday. Out of a total capacity target of 500 gigawatt from non-fossil sources, 485 gigawatt is being envisaged to come from renewable energy (RE), Secretary at the Ministry of New and Renewable Energy, Bhupinder Singh Bhalla said. Speaking at the Vibrant Gujarat Global Summit here, he said, "Our share of renewable energy in the total energy has increased substantially. Now it's over 42 per cent of India's total energy capacity and that is significant." He further said, "We are committed to achieve 50 per cent of the capacity by 2030 and we are on path to achieve that and we hope to do that much earlier than 2030." Bhalla said India's RE capacity has increased from about 76 gigawatts in 2014 to 180 gigawatts at present. "The target is of 500 gigawatt of non-fossil capacity, out of which we will hav

After world's largest office, Gujarat to host India's 'biggest mall'

The Lulu Group will begin the construction of the mall in Ahmedabad this year. Branded as India's largest, it will cost Rs 3,000 crore, according the officials

Russia to renew Chennai-Vladivostok route; officials to visit Chennai

The maritime transport corridor from the port of Chennai to the port of Vladivostok functioned successfully in the Soviet era

3 MoUs in semiconductor sector on day 2 of Vibrant Gujarat Summit

Three memorandums of understanding (MoUs) were signed in the semiconductor sector on the second day of the 10th Vibrant Gujarat Global Summit here on Thursday, one of them with South Korean firm Simmtech which committed an investment of Rs 1,250 crore in Gujarat for printed circuit board (PCB) manufacturing, an official said. The other two pacts were business-to-business collaborations involving four different companies, including corporate giants like ArcelorMittal Nippon Steel, Micron Technology and Cisco, he said. A slew of other agreements in various sectors were also finalised on the second day of the three-day summit. Five MoUs were inked in the port sector with the Gujarat Maritime Board (GMB) finalising agreements with the Indian Navy and the Indian Coast Guard in areas of jetties and infrastructure development, with investment proposal of Rs 800 crore and Rs 174 crore, respectively, said Vice-Chairman and Managing Director of Gujarat Industrial Development Corporation ...

Vibrant Gujarat Summit: Shipping min signs pacts for Rs 30k cr investments

The Ministry of Ports, Shipping, and Waterways (MoPSW) on Thursday said it has signed initial agreements for investments worth Rs 30,000 crore during the Vibrant Gujarat Global Summit 2024. In a statement, the ministry said during the event APM Terminals and Jawaharlal Nehru Port Authority (JNPA) signed Memorandum of Understanding (MoUs) worth Rs 20,000 crore, expressing their intent to invest in the Vadhavan Port Project. The proposed Vadhavan port in Maharashtra is a high-priority initiative for the government, the port is designed to handle an annual cargo capacity of 23 million TEUs (twenty-foot equivalent units) or 254 million tons, boasting a natural draft of 20 meters to accommodate larger container vessels of up to 20,000 TEUs. Once completed, the project will rank among the world's top 10 largest ports and serve as a significant green fuel hub, the statement said. According to a statement, a memorandum of understanding between Deendayal Port Authority (DPA), Kandla and ...

Toyota to roll out solid-state battery EVs globally in a couple of years

Last year, Toyota and oil refiner Idemitsu Kosan said they would tie up to develop and mass produce all-solid-state batteries, which they aim to commercialise in 2027 and 2028

India-UAE CEPA Council launched at 'UAE-India Business Summit' in Ahmedabad

The launch was attended by the UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi and Union Minister of Commerce and Trade, Piyush Goyal

Maruti to build second car plant in Gujarat, will invest Rs 35,000 cr

New plant will have annual production capacity of 1 mn units; will start operation in 2028-29

Vibrant Gujarat Global Summit 2024: India a vishwa mitra, says PM Modi

All major rating agencies, Modi said, are of the opinion that India will be among the top three largest economies of the world in the next few years

130,000 participants from 140 countries registered for Vibrant Gujarat

About 1.3 lakh participants from 140 countries have registered for the 10th edition of Vibrant Gujarat Global Summit, which has also emerged as a forum for discussions on global priorities and concerns, a senior government official said here. VGGS 2024 was inaugurated by Prime Minister Narendra Modi earlier in the day. SJ Haider, additional chief secretary of industries and mines department, said that 35 countries came onboard as partner nations for the three-day VGGS, up from 15 during the event in 2019. Over 125 seminars and conferences have been organised as part of the Vibrant Gujarat summit and the pre-Vibrant events that preceded it, he said. Around 1.3 lakh representatives from 140 countries representing academia and industry have registered themselves as participants for the inaugural event as well as seminars and conferences that are being held as part of the VGGS. This proves how impressive and useful the platform has emerged, the senior IAS officer said. Even the number

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

Catch all the highlights on Vibrant Gujarat Summit 2024 here

India growing rapidly, to be $30 trn economy by 2047: FM Sitharaman

Relationship between states and centre is of collaborative federalism, she says at Vibrant Gujarat Summit

At Vibrant Gujarat Global Summit, firms unveil big spending plans

At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state

Adani Group to invest Rs 2 trn in Gujarat in next 5 years: Gautam Adani

Billionaire Gautam Adani on Wednesday announced an investment of over Rs 2 lakh crore in Gujarat, largely in building a green energy park that would be visible even from space. Speaking at the Vibrant Gujarat Global Summit here, he said the investment will create 1 lakh jobs. Of the Rs 55,000 crore committed at the last summit, Adani Group has already spent Rs 50,000 crore, he said. The apples-to-airport group is now building a green energy park in Kutch having a 30 GW capacity spread over 25 square kilometre which would also be visible from space, he added. Since 2014, India has achieved a 185 per cent growth in GDP and 165 per cent growth in per capita income which is unparalleled given the geopolitical and pandemic-related challenges, Adani said.

Vibrant Gujarat Global Summit 2024: Here's the list of no-parking zones

Gujarat Police issued notices sharing no parking zones from January 9 to 13, 2024. The security is observed for the security of VVIPs to avoid undesirable incidents