During Vibrant Gujarat 2024, Memorandums of Understanding (MOUs) worth a staggering ₹45.2 lakh crore were inked, surpassing the 2019 edition which saw 28,300 MOUs and 98,450 proposed projects.
The most substantial investment commitments were observed in Power, Oil & Gas (₹17.6 lakh crore across 1017 projects), Chemicals, Petrochemicals (₹5.34 lakh crore spanning 3256 projects), and Engineering & Auto (₹5.2 lakh crore distributed among 563 projects).
Key highlights
• Tata announces semiconductor facility in Dholera.
• Suzuki plans 35,000 crore new plant, also expands existing plant with 3,200 crore investment.
• Tata Power to invest 70,000 crore for a 10 GW RE project.
• ArcelorMittal to build the world’s largest single-location steel plant at Hazira.
• Adani announces 2 lakh crore investment in the state.
• Reliance to build the world’s largest carbon fiber plant at Hazira.
• DP World to invest 25,000 crore in ports and logistics sector.
• Korea’s Simmtech to set up a plant for IC substrates and printed circuit boards in semiconductor industry.
• Amul plans 15,000 crore investment for new plants.
• Lulu Group to build India’s largest mall in Ahmedabad.
• Torrent Power to invest 47,000 crore.
• Essar Group to set up 1 GW green hydrogen plant in Jamnagar.
• Avaada Group to invest 40,000 crore to set up 6 GW RE project.
• University of San Diego to set up campus in GIFT city.
• Transworld group to invest 2000 crore to set up ship and aircraft leasing at IFSC, Gift city.
• PayTm to invest 100 crore in GIFT city.
The government has signed deals worth INR 45.2 Lakh Crore with 98,450 project proposals.
