Bangalore roadshow of Vibrant Gujarat Global Summit 2017

Bengaluru, 25 November, 2016:  

As a precursor to the 8th edition of Vibrant Gujarat Global Summit 2017, a high-level delegation from the Government of Gujarat led by Mr. Rohit Patel, Hon’ble Minister of State, was in Bengaluru addressing industrialists and business leaders to not only partner and attend the Vibrant Gujarat Global Summit in January 2017, but to also take advantage of the myriad business opportunities that the state has to offer. The event in Bengaluru saw overwhelming participation of more than 200 industrialists, investors, policy makers and startups from Karnataka.

As Vibrant Gujarat Global Summit has seen a transformation from an investment attraction exercise to India’s largest growth-propelling event, the State Government has put significant impetus on inclusive and sustainable growth. In order to achieve this, the Government of Gujarat organized roadshows in 25 countries globally and now in key markets of India to meet industry leaders and innovators who can offer their expertise in sectors identified by the Government of Gujarat and partner the state in its growth story.

Along with Mr. Rohit Patel, Government of Gujarat was represented by Mr. Mukesh Puri, Principal Secretary, Water Supply; Mrs. Mamta Verma, Industries Commissioner; Mr. Dhananjay Dwivedi, Secretary, Department of Science and Technology; Mr. Milind Torwane, Secretary, Housing & Nirmal Gujarat and Mr. R Beniwal, MD, iNDEXTb.

In Bengaluru, some of the leading companies to hold one-to-one meetings with Government of Gujarat delegation were UTC Aerospace, NASSCOM, Prestige, Bosch, Amazon, Canara Bank, Vijaya Bank, Corporation Bank, Syndicate Bank and Brigade Group to name a few.

Addressing the gathering, Hon’ble Minister of State, Industries, Mines & Minerals, Finance Department, Government of Gujarat, Mr. Rohit Patel elaborated on proactive investor facilitation in line with the vision set forth by Hon’ble Prime Minister of India, Mr. Narendra Modi. He also expressed his gratefulness to the Prime Minister for the betterment of the centre-state relations and creating co-operative federalism which has ensured that states are partners in the growth of the country.  

“Schemes like Make in India, Skill India, Digital India and Startup India to name a few initiated by the Central Government are aimed at helping all the states accelerate their pace of development. But it is also for our State Governments to make the most of these schemes by making sure that these initiatives are executed properly and successfully. While Government of Gujarat has always been committed in extending its support to such national initiatives, it has also been pro-active in initiating schemes that focuses on inclusive growth and sustainable development. We recently organized a national level Vibrant Gujarat Startup Summit which saw startups from across the country participate and meet with investors, incubators as well venture capitalists. The Government of Gujarat also aims to incubate 1000 ideas by 2017 and support 2500 innovators by 2020.”

The delegation shed light on some of the mega projects planned in the state of Gujarat and also highlighted some of the existing opportunities for the industry to invest in Gujarat International Finance Tec- City (GIFT-City), Mandal Becharaji Special Investment Region (SIR), Dahej, PCPIR and Dholera SIR, which is one of the biggest investment zones on the Delhi Mumbai Industrial Corridor. The GIFT City will be India’s first multi-functional Special Economic Zone which will be a hub to the share market, capital markets and the banking sector. This will be a huge boost to the banking sector. The Bombay Stock Exchange will be setting up international operations at the GIFT City.

Spread over more than 102 sq. km, Mandal Becharaji Special Investment region (SIR) is new industrial hub being planned in Gujarat, 90km away from Ahmedabad, near Becharaji town. Envisaged by the Government of Gujarat, MBSIR is one of its kind industrial hub and will comprise automobile, manufacturing and auxiliary industries. Honda Motorcycle & Scooter India, Maruti Suzuki India have plants located in MBSIR. Soon, Honda car plant will be operational. Gujarat is emerging as one of Asia’s largest automobile and auto components hubs.

Gujarat is also fast emerging as a manufacturing and a R&D hub with major private players like Tata, Ford, Honda 2 wheelers and Suzuki having set up or in the process of setting up their plants in the state. Key investments can also be made for joint R&D with Indian companies for new product development and process innovation. Investment of USD 2 billion in this sector realized till 2015, and additional USD 3.2 billion committed by 2020 in this sector. State has a sound base of 30 clusters comprising of castings, brass parts, oil engines & electric motors, bearings and auto-ancillaries.

The Government of Gujarat had earlier announced 11 countries including USA, UK, UAE, Canada, France, Poland, Singapore, The Netherlands, Australia, Japan and Denmark as partners for VGGS 2017. It has also announced India’s first of its kind event, Nobel Laureate Exhibition and Nobel Laureate Symposium to be inaugurate by Hon’ble Prime Minister of India along with more than six Nobel Laureates from around the world.