Vibrant Gujarat Summit: Big names pledge megabucks
The Adani Group said it will invest $24 billion in Gujarat over the next five years creating 100,000 jobs.
100 countries participating Reliance Industries Ltd (RIL) proposed India's first carbon fibre facility at Hazira together with a green energy giga complex on 5,000 acres in Jamnagar in 2024.
Addressing a packed Mahatma Mandir convention centre in Gandhinagar on Wednesday morning, Prime Minister Narendra Modi said India would be one of the top three global economies in the coming years.
“The world looks at (India) as an important pillar of stability, a trusted friend, and an engine of growth in the global economy,” Modi told an elite gathering of corporate leaders and heads of state, including United Arab Emirates (UAE) president Mohamed bin Zayed Al Nahyan, Timor-Leste president José Ramos-Horta and Mozambique president Filipe Nyusi.
“In the rapidly changing world order, India is moving ahead as Vishwa Mitra (friend of the world),” Modi said.
India inked important agreements with the UAE, involving investments worth billions in Gujarat and other states.
Apart from announcing the $24 billion investment, India's richest man Gautam Adani said his group will also invest about $100 billion to help propel the shift to green energy in the country over the next decade.
“Since 2014, India’s GDP has grown by 185% and per capita income by 165%, which is remarkable, especially in an era marked by geopolitical instability and pandemic challenges,” the Adani Group chairman said, lauding the country’s rise across global platforms and Modi’s role in this. “The Solar Alliance platform, an initiative you conceptualised, and your leadership at the G20 platform, set a benchmark for a more inclusive world order.
