Gujarat is all set for the eighth edition of four-day-long Vibrant Gujarat summit beginning tomorrow. Several foreign leaders to attend Vibrant Gujarat Summit - Prime Minister of Serbia Aleksandar Vucic, President of Kenya Uhuru Kenyatta, President of Rwanda Paul Kagame, Prime Minister of Portugal Antonio Costa, French Foreign Minister Jean-Marc Ayrault have already confirmed their participation at the biennial Summit.
The Vibrant Gujarat Global Summit, which started in 2003, is aimed at attracting investment in Gujarat and is considered as an important event which is attended by top Indian industrialists besides representatives from many other countries.
This year twelve countries are the partner with this summit. These countries are- Australia, Canada, Denmark, France, Japan, Netherlands, Poland, Singapore, Sweden, UAE, UK and the USA.
The central focus of the upcoming Summit is 'Sustainable Economic and Social Development'.
The state government may sign MoUs worth Rs 30 lakh crore, surpassing the investment pledged during the previous edition in 2015. Already, 21,910 MoUs with investment promises of over Rs 25 lakh crore have been lined up.
Indian Giants like Adani group, Torrent group, Zydus group, Sintex Ltd and Nirma Ltd as well as MRF Ltd, Essar group, Ultratech Cement, Reliance group, GHCL Ltd and NTPC Ltd among others will be announcing their big-ticket investments in Gujarat. MNCs such as Vodafone, China's Pacific Construction group, and Sinoma Taishan Fibreglass Inc have also jumped onto the MoU bandwagon.
Critics have often dismissed the summit as a tamasha with very little MoUs realizing in investments on the ground. The government on the other hand claims that out of total 51,738 MoUs (Rs 84.55 lakh crore) signed since the first summit in 2003, 65.86% projects have either been commissioned or are under implementation. The state, however, has not made the data public.
The highlight of this summit is Nobel Dialogue, where 9 Nobel Laureates will attend the session and share their knowledge.
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