Vibrant Gujarat Summit 2024: Embrace the Future, Shift from China to India for Energy and Technology Advancements, Targeting Developed India by 2047

Vibrant Gujarat Summit has completed 20 years, organizing nine summits in the last two decades. The 10th summit, themed “Gate to the Future,” will commence on January 10th at Mahatma Mandir in Gandhinagar, marking a vibrant and historic occasion. The summit aims to contribute to the nation’s development, reaching a $5 trillion economy by 2047, with the theme emphasizing being the “Gateway to the Future.” The focus of the upcoming Vibrant Summit in January is to shift the global perspective towards India, urging stakeholders to invest and engage actively.

With the participation of 25 countries and 75,000 delegates, the summit is anticipated to discuss various sectors, including infrastructure, green hydrogen, semiconductor manufacturing, space technology, electric vehicles, and the chemical industry. The vision document to make India a developed nation by 2047 will also be presented. Following Singapore, Gujarat plans to establish a new FinTech world at Gift City, featuring a 900-acre area with a national-international share market and a global finance hub.

Bhupendra Patel, Chief Minister of Gujarat, emphasizes the state’s vital role in India’s development, focusing on semiconductor manufacturing, display fabs, green hydrogen, artificial intelligence, 5G, cloud computing, and e-commerce sectors. Gujarat’s role is pivotal in making India a developed nation by 2047.

Vibrant Gujarat’s Three-Day Agenda: When and What?

January 10: Industry 4.0 Leadership in the Fourth Industrial Revolution

  • Inauguration ceremony
  • Seminar on Smart Manufacturing
  • Decision on accelerating power, inclusive development for Dholera – Smart Business City
  • Gujarat’s role in building a developed India by 2047

January 11: Technology and Innovation Day

  • Start-up activities
  • E-commerce, Digital Business
  • Port-based urban development
  • Decade of India in Technology
  • Skill development system for youth in semiconductor and electronics
  • B2B, B2G, G2G Meetings

January 12: Sustainable Growth

  • MSME Conclave by MSME
  • Seminar on Net Zero
  • Circular Economy Talks
  • Green Energy, Hydrogen
  • Electric Vehicle Manufacturing
  • B2B, B2G, G2G Meetings
  • Focus on key areas: Semiconductor Manufacturing, Green Mobility/E-Mobility, Green Hydrogen, Renewable Energy, Emerging Tech, Smart Infrastructure, Smart City, Atmanirbhar Bharat Initiative
2700% increase in Vibrant cost
The summitMoUThe investment cameSummit expenses
200376660683.89 crores
20052271061616.94 crores
200767546183514.29 crores
20098663121075528.09 crores
20118380208300044.85 crores
2013177191779051.93 crores
2015213042260080.46 crores
20172592325578110.65 crores
201928360107.65 crores
2024127 crore sanctioned

In the last 20 years, Vibrant Gujarat has witnessed the completion of 68% of its projects. The state has attracted foreign investments, resulting in a substantial contribution to the country’s GDP, making Gujarat a crucial player in India’s economic landscape. The state’s GDP has grown from 1.27 lakh crore in 2003 to over 23 lakh crore in 2023, contributing 8% to the national GDP. The Fortune 500 companies have shown significant growth, and Gujarat has become a trendsetter, influencing progress in North India, progressive Punjab, Advantage Andhra Pradesh in the South, and globally in Bengal.

Vibrant Gujarat has set a trend, with other states also organizing similar summits in the past two decades.

After Gujarat, 12 states started Vibrant Summit…
StateName of the summitMoU (in Rupees)beginning
RajasthanResurgent Rajasthan10.44 lakh crore2007
Uttar PradeshSupt. Global Investors32 lakh crore2018
West BengalBengal Global Summit3.76 lakh crore2015
AssamAdvantage Assam1 lakh crore2018
PunjabProgressive Punjab65 thousand crores2013
ChhattisgarhInvestgarh Chhattisgarh58 thousand crores2012
Andhra PradeshAdvantage Andhra Pradesh13.05 lakh crore2017
MaharashtraMagnetic Maharashtra12.1 lakh crore2018
Madhya PradeshInvest Madhya Pradesh Summit15 lakh crore2007
OrissaMake in Orissa Summit8.90 lakh crore2016
Tamil NaduTamil Nadu Global Summit3 lakh crore2015
UttarakhandUttarakhand Investors Summit3.5 lakh crore2018
(Note: Approximate figures of MoUs signed in investment conventions held in respective states)

Akash Shrivastav

My name is Akash Shrivastav, and I am a Blogger. I have 8 years of experience in blogging for Finance, Business, Investment, Stock Market, Cryptocurreny and more. Through my writing, I aim to provide readers with insightful and informative content.