Vinay Express News. New Delhi. The central theme of the 10th edition of the Vibrant Gujarat Global Summit, 2022 is : ‘From Aatmanirbhar Gujarat to Aatmanirbhar Bharat’. If the developements well in advance of the Summit are any omen, Gujarat is going to present a huge boost to the entire Indian economy and society.
Ahead of the Vibrant Gujarat Global Investors Summit (VGGIS), the state has attracted investment commitments worth ₹ 24,185 crore via Memorandums of Understanding (MoUs) inked by around 20 companies. Among the leading MoUs were those from chemical, electrical equipment and public sector majors like Kiri Industries Limited, Meghmani Organics and Meghmani Finechem Limited, Borosil Renewables, Borosil Limited, KEI Industries and Indian Oil Corporation Limited (IOC). Together, they committed investments of more than Rs 8,500 crore in sectors like chemicals, renewables, electrical equipment and energy.
The 10th edition of the flagship biennial investment-cum-trade summit is scheduled to be held in January 2022. The investment commitments came a way in advance. Besides the physical investment, it is the social and employment component, which is equally significant. The companies who have signed the MoUs have committed to a direct employment generation of over 36000 in the state.
Other MoUs signed on the same day included that by Indo Asia Copper Limited worth Rs 8,500 crore for a copper smelter and fertiliser complex at Rajula in Amreli district, set to generate an employment of 3,500. In the dyes and dye intermediates sector, Colourtex India Pvt Ltd committed an investment of Rs 2,000 crore for a project set to commence in 2023 in Bharuch, thereby generating employment for another 3500.
Similarly, Kiri Industries committed Rs 2,900 crore for manufacturing Aniline, Nitrobenzene, Nitric Acid, mPhenylene diamine at Dahej under its MDI complex project, generating employment for 1100. For six projects in Dahej and Sanand locations in the agro chemicals, specialty chemicals and new pigments segments, Meghmani Group committed investment worth Rs 2600 crore. Among PSUs, IOC signed an MoU for Rs 1,595.22 crore for five projects that will generate employment for nearly 6000.
The projects include that of capacity expansion of its Kandla LPG import plant, apart from modernisation and automation of LPG plants as well as expansion of its retail development and depot-terminal. This is to commence between 2021 and 2023.
A couple of MoUs are signed in the medical equipment and life sciences sector. First to mention is by JVRx Assets Management Pvt Ltd for Rs 1,000 crore worth of investment. This project entails a lifesciences R&D and manufacturing cluster generating employment for 8000.
Another MoU in the sector was made by B Medical Systems India Pvt Ltd at an investment of Rs 100 crore for a medical and vaccine cold chain equipment project in Kutch. Captain Tractors made a commitment for Rs 100 crore for a mini tractor, agriculture equipment manufacturing project in Rajkot, thereby generating employment for nearly 1,800.
According to Additional Chief Secretary (Industries and Mines) Rajiv Kumar Gupta, the Gujarat government will organise roadshows to promote the ‘Vibrant Gujarat’ summit in 7 countries, including the Middle East, and Europe. The Gujarat government is sending one team to the US, while another team to Germany, the Netherlands, the UK and France. A third team is going to Japan. 15-20 countries have been contacted through diplomatic channels and many have been confirmed.
The Gujarat government will also conduct 6 roadshows in different Indian cities, starting with New Delhi on November 25. It will be followed by another roadshow in Mumbai on December 2. Other such roadshows will be conducted in Lucknow, Chennai, Bengaluru and Hyderabad.
Author: विनय थानवी
