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Three more MoUs for industrial investment inked in the tenth phase in the run up to 10th VGGS in the presence of CM

A total of ten phases: potential of creating over 65,000 employment opportunities through 39 MoUs worth Rs. 18,486 crore

A total of 3 MoUs worth Rs. 3,000 crore for textile, industrial park, engineering, including auto sector; 9,000 new employment opportunities

Industries Minister Shri Balvantsinh Rajput and Minister of State for Industries Shri Harsh Sanghavi mark their presence

Under the leadership of Chief Minister Shri Bhupendra Patel, Vibrant Gujarat Global Summit is receiving a significant response, which was recently celebrated by the state government as ‘20 Years Summit of Success’ in the presence of Prime Minister Shri Narendra Modi.

Under the guidance of Prime Minister Shri Narendra Modi, the tenth edition of Vibrant Gujarat Global Summit is scheduled for January 2024, establishing Gujarat as a benchmark for the Best Destination for Investment.

Under the leadership of Chief Minister, the state government has taken a series of initiatives to make this summit a success.

In this regard, MoU signing initiative for setting up various industries in the state is being held every week from July 2023 till the eve of Vibrant Summit 2024.

In the tenth phase of this initiative on Wednesday, October 18, three MoUs worth Rs. 3,000 crore have been inked for investments in textile, engineering, auto and electric vehicle clusters, and industrial park. This will potentially create 9,000 employment opportunities.

In this initiative, since July 2023, 39 MoUs for potential investments totalling Rs. 18,485.60 crore have been signed in ten phases, including the MoU signed on October 18. With the implementation of this MoU, a total of 65,032 employment opportunities will be created in Gujarat.

According to the MoU that took place on Wednesday, 18th October, engineering and auto industries will invest ₹2,000 crore in Vadodara district in the production of two and three-wheeler electric vehicles by Wardwizard Innovations and Mobility Limited. This unit will become operational in 2024 and will generate 5,000 job opportunities.

A textile park, known as the Rupam Ecogreen Textile Park, will be established in the Mahijada village of Daskroi taluka in Ahmedabad. This park will have an investment of ₹500 crore and is expected to generate around 2,500 job opportunities. It is scheduled to be operational by October 2024.

Notably, various processing industries related to the textile industry and the first private ZLD-CETP park will be built in the Ahmedabad area.

Furthermore, Pigott Buildcon Private Limited will establish an industrial park with a maximum focus on solar and renewable energy, with an investment of ₹500 crore. Around 1,500 people are expected to gain employment from this park, located in the Bhojpara village of Limbdi taluka in Surendranagar district. This industrial park is projected to be operational by the year 2026.

The industrialists who signed the MoU praised the state government, mentioning that under the leadership of Chief Minister Shri Bhupendra Patel, the state has created an exceptional environment for starting businesses. They emphasized proactive administration, ease of doing business, administrative ease, etc., making the state a wonderful environment for starting industries.

Additional Chief Secretary of Industries Department Shri S.J. Haider, on behalf of the State Government, and industry managers on behalf of the industrialists signed the MoU.

Minister of Industries Shri Balvantsinh Rajput, MoS for Industries Shri Harsh Sanghavi, Chief Secretary Shri Raj Kumar, Additional Chief Secretary Shri Pankaj Joshi, Industries Commissioner Shri Sandip Sagale, Joint Commissioner Shri Kuldeep Arya, and other senior officers of iNDEXTb were present.

Source: Information Department, Gujarat