PM Modi inaugurates Vibrant Gujarat Summit 2017

RSTV Bureau

Vibrant Gujarat Summit 2017Prime Minister Narendra Modi inaugurated the 8th edition of the Vibrant Gujarat Global Summit in Gandhinagar on Tuesday afternoon.

The three-day summit plays host to several foreign leaders and top global and Indian CEOs. 12 countries – USA, UK, Australia, Canada, Denmark, France, Japan, Netherlands, Poland, Singapore, Sweden and UAE have all partnered for the event. Around 20 heads of state and ministers from across the world are attending the event.

Nisha Desai Biswal, an Indian-American serving as Assistant Secretary of State for South and Central Asian Affairs in the United States Department of State is present at the event along with a large US business delegation.

Other prominent dignitaries are President of Kenya Uhuru Kenyatta, President of Rwanda, Paul Kagame, Prime Minister of Portugal, Antonio Costa, PM of Serbia, Aleksandar Vucic, Deputy PM of Russia, Dmitry Rogozin, first Deputy PM and Minister of Culture and National Heritage, Poland, Poitr Glinski.

Several Indian business magnates attended the meeting. Reliance Industries chairman Mukesh Ambani, Adani Group chairman Gautam Adani, Tata Group’s interim chairman Ratan Tata and Reliance ADA Group chairman Anil Ambani among others are all present at the event.

This time, the state expects to receive investment proposals more than ₹ 25 lakh crore.

“Our cumulative investment in Gujarat is ₹ 2,40,000 crore, of which ₹ 1,25,000 cr invested in past 4 years,” said Mukesh Ambani in his speech at the inauguration ceremony.

Ambani also praised Prime Minister Modi for his brave steps to transform the Indian economy.

“PM, You first transformed Gujarat now you are transforming India through a series of steps & initiatives,” said Ambani.

Adani announced that his group’s investment in solar and wind will exceed ₹ 23,000 crore by 2021.

The summit was launched by Modi when he was the chief minister of Gujarat.

(With inputs from PTI)