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Business Economy


Gujarat showcases business potential at VGGS in Bengaluru

Gujarat showcases business potential at VGGS in Bengaluru

Bengaluru, Dec 7 (UNI) A high-level team led by Gujarat S&T Minister Jitubhai Vaghani held a roadshow here on Tuesday as part of the forthcoming 10th edition of Vibrant Gujarat Global Summit 2022 in January.

Addressing dignitaries in India’s ‘Silicon Valley’, the Minister said the country has, under the leadership of Prime Minister Shri Narendra Modi, registered remarkable socio-economic development and evolved into a dynamic country with a strong standing across the world.

Vaghani cited the initiatives undertaken by the Center that would have a far-reaching impact on India’s future. They include the Prime Minister’s GatiShatki Master Plan, Production- Linked Incentive (PLI) scheme, transparent and predictable tax system, reducing compliance burden, Ease of Doing Business and Ease of Living, and Make in India.

The summit was conceptualized in 2003 under the visionary leadership of Modi, who was then Gujarat CM. Ever since, the Summit has emerged as a global forum for business networking, knowledge-sharing and strategic partnerships for inclusive socio-economic development.

He said the PM will inaugurate the Summit on January 10, at Gandhinagar.

In 2020, the PM gave the clarion call for “Aatmanirbhar Bharat” to leverage India’s strengths, skills, and capabilities for galvanizing the country to becoming self- reliant. The theme of the 10th VGGS 2022 is ‘Aatmanirbhar Gujarat to Atma Nirbhar Bharat’, the Minister pointed out.

In its 75th year of Independence, as India celebrates the Azadi ka Amrit Mahotsav, Gujarat is committed to realize the PM's vision of an Atma Nirbhar Bharat. Gujarat’s focus on building robust industrial infrastructure, including roads, ports, airports, power, and gas has helped the State stay on the top of the chart in the Logistics Ease Across Different States (LEADS) for 3 years--2018, 2019 and 2021.

He said Karnataka is home to leading IT firms and over 2,000 IT firms, including Startups. “Gujarat is also revamping its Startup Innovation Policy and IT and ITeS Policy to encourage and support the existing and forthcoming IT firms to expand their business in the State which is home to leading Startups mentorship institutes including iHub, iCreate and Entrepreneurship Development Institute of India (EDI).

Three of the state’s cities - Surat, Ahmedabad and Vadodara - feature in India’s Smart City Ranking. The State is well-known for some of India’s best educational institutes, such as the IIM-Ahmedabad, National Institute of Design (NID), and National Forensic Sciences University.

Inviting investors, Vaghani said the summit presents a unique business opportunity for them.

Vijay Nehra, Science and Technology Secretary, said Gujarat attracted the highest Foreign Direct Investment (FDI), worth USD 21.9 billion (INR 1.63 lakh crore), or 37% of the total FDI equity inflows in India in FY21.

The summit will host flagship events on key national initiatives like the PM’s GatiShakti National Master Plan, Production-Linked Incentive (PLI), Good Governance, Reducing Compliance Burden, Green Hydrogen, Renewable Energy, Electric Mobility and Futuristic Technology and Innovation.

The PM will inaugurate the Vibrant Gujarat Global Trade Show (VGGTS) on January 9 and the VGGS 2022 on January 10.

The three-day VGGS will conclude on January 12 and the Trade Show on January 13.

UNI BDN SHK2157

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