Addressing dignitaries in India’s ‘Silicon Valley’, the Minister said the country has, under the leadership of Hon’ble Prime Minister Shri Narendra Modi, registered remarkable socio-economic development and evolved into a dynamic country with a strong standing across the world.Shri Vaghani cited the initiatives undertaken by the Centre that would have far-reaching impact on India’s future. They include the Prime Minister’s GatiShatki Master Plan, Production- Linked Incentive (PLI) scheme, transparent and predictable tax system, reducing compliance burden, Ease of Doing Business and Ease of Living, and Make in India.
The VGGS was conceptualized in 2003 under the visionary leadership of Shri Narendra Modi(who was then the Hon’ble Chief Minister of Gujarat). Ever since, the Summit has emerged as aglobal forums for business networking, knowledge-sharing and strategic partnerships for inclusive socio-economic development.He said the Hon’ble PM will inaugurate the Summit on January 10, at Gandhinagar, Gujarat, in the august presence of dignitaries from India and abroad, ministers from the Government of India, global and Indian business heads, and thought leaders.
In 2020, the Hon’ble PM gave the clarion call for “Aatmanirbhar Bharat” to leverage India’s strengths, skills, and capabilities for galvanizing the country to becoming self- reliant. The theme of the 10th VGGS 2022 is ‘Aatmanirbhar Gujarat to Aatmanirbhar Bharat’, the Minister pointed out.
In its 75 th year of Independence in 2022, as India celebrates the Azadi ka Amrit Mahotsav, Gujarat is committed to realize the Hon’ble PM’s vision of an Aatmanirbhar Bharat.Gujarat’s focus on building robust industrial infrastructure, including roads, ports, airports, power, and gas has helped the State stay on the top of the chart in the Logistics Ease Across Different States (LEADS) for 3 years--2018, 2019 and 2021.
He asserted that Gujarat is a policy-driven state. To create an enabling environment, the State Government has launched policies and schemes incentivizing investors for future growth, including the Industrial Policy 2020, Integrated Logistics & Logistics Park Policy, Electric Vehicle Policy, Solar Energy Policy, and Tourism and Textiles policy, 2021.
To enhance ‘Ease of Doing Business’, the Gujarat Government has created portals for Land Bank and Investor Facilitation. The State’s agency, iNDEXTb, hasdedicated investor relationship officers and country desks to handhold and facilitate investors.
The Gujarat Government is keen to scale up investments in the next generation infrastructure, energy and digital networks, emerging technologies, financial technologies (fintech), Startups and innovation, electric vehicles, research and development, knowledge exchange, exports, tourism, and financial services. The State will also benefit from the upcoming ‘Dedicated Freight Corridor’ (DFC) and ‘Delhi Mumbai Industrial Corridor’ (DMIC).
He said Karnataka is home to leading IT firms and over 2,000 IT firms, including Startups. “Gujarat is also revamping its Startup Innovation Policy and IT and ITeS Policy to encourage and support the existing and forthcoming IT firms to expand their business in the State which is home to leading Startups mentorship institutes including iHub, iCreate and Entrepreneurship Development Institute of India (EDI).
Three of the State’s cities--Surat, Ahmedabad and Vadodara-- feature in India’s Smart City Ranking. The State is well-known for some of India’s best educational institutes, such as the IIM-Ahmedabad, National Institute of Design (NID), and National Forensic Sciences University.
Inviting investors, Shri Vaghani said the VGGS 2022 presents a unique business opportunity them.Shri Vijay Nehra, Secretary, Science and Technology, said Gujarat attracted the highest Foreign Direct Investment (FDI), worth USD 21.9 billion (INR 1.63 lakh crore), or 37% of the total FDI equity inflows in India in FY21.
The Summit will host flagship events on key national initiatives like the PM’s GatiShakti National Master Plan, Production-Linked Incentive (PLI), Good Governance, Reducing Compliance Burden, Green Hydrogen, Renewable Energy, Electric Mobility and Futuristic Technology and Innovation.
The Hon’ble PM will inaugurate the Vibrant Gujarat Global Trade Show (VGGTS) on January 9 and the VGGS 2022 on January 10. The three-day VGGS will conclude on January 12 and the Trade Show on January 13.