PM inaugurates Vibrant Gujarat Global Summit
Prime Minister Narendra Modi inaugurated the 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar
Prime Minister Narendra Modi inaugurated the 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar today. The theme of this year’s summit is ‘Gateway to the Future’ and includes the participation of 34 partner countries and 16 partner organizations. The Summit is also being used as a platform by the Ministry of Development of North-Eastern Region to showcase investment opportunities in the North-Eastern regions.
Addressing the gathering, the Prime Minister reiterated the pledge to make India ‘viksit’ by 2047, making the next 25 years ‘Amrit Kaal’ of the country. “It is time for new dreams, new resolutions and continuous accomplishments”, he said. He noted the significance of the first Vibrant Gujarat Summit of the ‘Amrit Kaal’.
“The priorities and aspirations of India’s 1.4 billion citizens and their belief in human-centric development coupled with the government’s commitment to inclusivity and equality is a major aspect of world prosperity and development”, the Prime Minister remarked. Today, the Prime Minister mentioned that India is the 5th largest economy in the world while it lagged at 11th position 10 years ago. He also underlined that in the next few years, India will go on to become one of the top 3 economies in the world, as predicted by various rating agencies in the world. “Experts can analyze this, but I guarantee that India will become the 3rd largest economy in the world,” PM Modi emphasized.
Reflecting on India’s priorities whose glimpse can be seen in the Vibrant Gujarat Global Summit, the Prime Minister mentioned sustainable industries, manufacturing and infrastructure, new age skills, futuristic technologies, AI and innovation, green hydrogen, renewable energy, and semiconductors.
The Prime Minister elaborated on the government’s focus on structural reforms as the basis of the Indian economy’s resilience and momentum as these reforms have enhanced the economy’s capacity, capability, and competitiveness. He said that recapitalization and IBC have led to a robust banking system, abolition of about 40 thousand compliances have led to ease of business, GST has removed the labyrinth of taxation, better environment for diversification of global supply chain, the recent signing of 3 FTAs, including one with UAE; opening of many sectors for automatic FDI, record investment in infrastructure and 5 times increase in capex. He also mentioned unprecedented strides in green and alternatives sources of energy, 3 times increase in renewable energy capacity, 20 times capacity in solar energy capacity, affordable data prices have led to digital inclusion, optical fiber to every village, roll out of 5G, third largest startup ecosystem with 1.15 lakh registered startups. He also touched upon the overall record increase in exports.
Prime Minister said that there are new possibilities for investors in every corner of India and Vibrant Gujarat Summit is like a gateway for this, a Gateway to the Future. “You are not only investing in India but also shaping a new generation of young creators and consumers. Your partnership with the aspirational young generation of India can bring results which you could not have even imagined,” Prime Minister Modi concluded.
