Strategic Partnership: UAE MOUs Drive Advances in Tech, Healthcare, FinTech, Infrastructure, and Green Hydrogen Project within 5 Years

Finance Secretary Vinay Kavatra and Managing Director of GIDC Dr. Rahul Gupta announced in a joint press conference that Gujarat has signed four Memoranda of Understanding (MoUs) with the United Arab Emirates (UAE) in the fields of technology, healthcare facilities, finance technology, and infrastructure. The state is set to work on a green hydrogen project in the coming 5 years.

Land Development Policy to be Implemented by Government

During a press conference at the Media Center, it was revealed in response to questions that Gujarat is favorably positioned for green hydrogen projects. The government is working on implementing a land development policy, with the Chief Minister focusing on this aspect. The next few days will witness the initiation of the green hydrogen project. Vibrant Gujarat serves as a comprehensive platform for global stakeholders. Gift City Hub is emerging as a hub for leading global financial technology fintech companies. Gujarat also holds a significant focus on defense manufacturing, with major defense manufacturing set to take place in Dholera.

Gujarat Government’s Intensive Efforts towards Electric Vehicle (EV) Self-reliance

S.J. Haider, Additional Chief Secretary of the Industries and Mines Department, addressed the press conference, stating that the Gujarat government is intensively working on achieving self-reliance in electric vehicles (EV). The government is providing facilities, including land availability, to support the EV industry. All companies are invited to participate directly or indirectly. Contacts are being made with the Ministry of Finance of the Government of India. However, no specific response was given regarding Tesla’s investment in Gujarat.

Development of Sports Infrastructure

Responding to a question, it was mentioned that sports infrastructure has been developed, and more development is planned in the coming days. Detailed planning is in progress for further development. Notably, officials avoided giving specific answers regarding the number of MoUs signed and the amount of investment to be made in this regard during the press conference.