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 summit | MoU | The investment came | Summit expenses |
| 2003 | 76 | 66068 | 3.89 crores |
| 2005 | 227 | 106161 | 6.94 crores |
| 2007 | 675 | 461835 | 14.29 crores |
| 2009 | 8663 | 1210755 | 28.09 crores |
| 2011 | 8380 | 2083000 | 44.85 crores |
| 2013 | 17719 | 17790 | 51.93 crores |
| 2015 | 21304 | 22600 | 80.46 crores |
| 2017 | 25923 | 25578 | 110.65 crores |
| 2019 | 28360 | – | 107.65 crores |
| 2024 | – | – | 127 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… | |||
| State | Name of the summit | MoU (in Rupees) | beginning |
| Rajasthan | Resurgent Rajasthan | 10.44 lakh crore | 2007 |
| Uttar Pradesh | Supt. Global Investors | 32 lakh crore | 2018 |
| West Bengal | Bengal Global Summit | 3.76 lakh crore | 2015 |
| Assam | Advantage Assam | 1 lakh crore | 2018 |
| Punjab | Progressive Punjab | 65 thousand crores | 2013 |
| Chhattisgarh | Investgarh Chhattisgarh | 58 thousand crores | 2012 |
| Andhra Pradesh | Advantage Andhra Pradesh | 13.05 lakh crore | 2017 |
| Maharashtra | Magnetic Maharashtra | 12.1 lakh crore | 2018 |
| Madhya Pradesh | Invest Madhya Pradesh Summit | 15 lakh crore | 2007 |
| Orissa | Make in Orissa Summit | 8.90 lakh crore | 2016 |
| Tamil Nadu | Tamil Nadu Global Summit | 3 lakh crore | 2015 |
| Uttarakhand | Uttarakhand Investors Summit | 3.5 lakh crore | 2018 |
| (Note: Approximate figures of MoUs signed in investment conventions held in respective states) | |||
