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Four more MoUs worth ₹1,401 crores signed in a single day in the run-up to VGGS-2024 in the presence of Guj CM

Reputed companies in the chemical sector to invest in Dahej and Saykha GIDC

More than 2,000 employment opportunities to be generated

10 MoUs worth ₹2,761 crores were signed as a run-up to the MoU signing series before Vibrant Gujarat Summit-2024

Expected employment opportunities owing to the 10 MoUs include 1800 in the textile sector, 700 in the engineering sector, 500 in the pharmaceutical sector, and 2285 in the chemical sector

Gujarat has the best infrastructure to fulfil the Prime Minister’s ‘Make in India’ initiative with a pro-active administration for starting industries in a hassle-free manner

Industries signing the MoUs lauded the state government’s approach

Gandhinagar, Wednesday: Under the guidance of Hon’ble Prime Minister Shri Narendra Modi, the tenth edition of the Vibrant Gujarat Global Summit, which establishes Gujarat as the best destination for investment, is scheduled to be held in January 2024.

Under the guidance of Hon’ble Chief Minister Shri Bhupendra Patel, the State Government has undertaken a series of planned efforts to make this summit a success.

This Vibrant Summit is becoming a global platform for investors and industrialists from India and abroad.
As a part of the run-up to Vibrant Summit-2024, the state government has already initiated MoUs with various industries.

In the second phase of this initiative, in the presence of Chief Minister Shri Bhupendra Patel, various industries will invest a total of ₹1,401 crores to set up industries in the state through 4 MoUs that were signed on 2 August, Wednesday in Gandhinagar.

Accordingly, 4 industries have signed MoUs with a total investment of ₹1,401 crores in the chemical sector.

These industries will set up their units at Saykha and Dahej GIDC in Bharuch district providing 2285 potential employment opportunities.

The MoUs were signed by Shri S.J. Haider, Additional Chief Secretary, Department of Industries on behalf of the state government and representatives of industry houses such as Senior CEOs, MDs in the presence of Minister of Industry Shri Balwantsinh Rajput and Minister of State Shri Harsh Sanghvi.

In two phases of the MoU signing program held every Wednesday, 10 MoUs with a total investment of ₹2,761 crores have been signed for establishing various industries. With the commencement of these industries, more than 5000 potential employment opportunities will be generated in the near future.

1800 potential employment opportunities will be created in the textile sector, 700 in the engineering sector, 500 in the pharmaceutical sector, and 2285 jobs will be created in the chemical sector.

All the industrialists who signed MoU opined that they prefer Gujarat for establishing their own industries as it has the best infrastructure that fulfils Hon’ble Prime Minister Shri Narendra Modi’s ‘Make in India’ initiative.

Not only this, the industrialists lauded the pro-active administration under the leadership of Chief Minister Shri Bhupendra Patel which enables them to establish industries in a hassle-free manner.

As per the MoUs signed on August 2, by 2024-25-26, the industry will be set up by Gujarat Fluorochemicals at Dahej-2 with an investment of ₹50 crores in Saykha and Dahej GIDC to produce lithium hexafluorophosphate used as battery chemical in electric vehicles.

Apart from this, Savita Green Tech Limited will start a plastic bottle recycling project with an investment of ₹493 crore in Saykha GIDC.

Harcros Chemicals Pvt. Ltd. will set up a specialty chemicals plant at Dahej-1 with an investment of ₹300 crores, while Ashu Organic (India) Pvt. Ltd. will start a manufacturing plant for dyes and pigment intermediates in Dahej-3, with an investment of ₹108 crores.

Chief Secretary Shri Raj Kumar, Chief Principal Secretary to Chief Minister Shri K. Kailashnathan, MD of GIDC Shri Rahul Gupta, Industries Commissioner Shri Sandip Sagale, and other senior officials of iNDEXTb were present during the MoU signing.

Source: Information Department, Gujarat