During the 6th phase of the Vibrant Gujarat Summit, we heard about the news that 135 MOUs were signed.
In this article, we will discuss all the major highlights and in-depth information regarding the Rajkot updates news during the sixth phase of the Gujarat Summit.
Overview in Depth
As part of the Gujarat government’s effort to encourage and motivate the nation as well as international investment in Gujarat, the Vibrant Gujarat Summit was established in the year 2003. In this way, the Gujarat government will be able to present its various policies of business-friendly investments and infrastructure so that other potential investors, whether they are Indian or from other countries, will be encouraged to invest in Gujarat.
During the 6th phase of the Vibrant Gujarat Summit, which was launched by Shri Narendra Modi, the respected Prime Minister of India, the event was opened in Gujarat, the country’s fourth largest city. The main objective of this is to organize and achieve sustainable development and growth as well as excellent progress in the state while keeping the environment in mind.
- A summary of the Mous signed during the Vibrant Gujarat Summit
- During the 6th phase of the summit, 135 Mous were signed between the Gujarat government and other investors.
- Over ten crores or one billion dollars have been invested in it.
- Several Mous are forceful, such as in engineering, automobiles, and textiles. Mahindra has invested more than five hundred crores, and other companies such as TATA motors, Adani Wilmar, and Ford will invest as well.
- A total of more than two thousand crores have been invested in airports, railroads, ports, and other infrastructure projects.
- A total of fifteen hundred crores have been invested in power and renewable energy.
- There are many industries within the tourism sector, such as entertainment, hotel, medicine, and many more.
Mous has many advantages because with it, over twenty thousand direct and indirect investments will be created in Gujarat and will contribute a lot to strengthening the economy of the state. In many industries, such as transportation, communication, power, electricity, and many others, there will be significant improvements. Local workers will be able to develop their skills and gain many benefits as a result.
Finally, let’s wrap it up
This sixth phase of the Gujarat Vibrant Summit has been a great success for the Gujarat government with the signing of 135 Mous regarding various industries and sectors. These Mous will be a good investment in Gujarat and will contribute greatly to the development of the state’s economy, creating employment opportunities, providing infrastructure, and developing skills.
Questions and Answers
Vibrant Gujarat Summit: What is its purpose?
Vibrant Gujarat Summit aims to attract national and international investments to the state of Gujarat.
In the 6th phase of the Vibrant Gujarat Summit, how many Memorandums of Understanding were signed?
During the Vibrant Gujarat Summit, 135 Mous were signed.
In the 6th phase of the Vibrant Gujarat Summit, the Mous were signed. What are their advantages?
Jobs will be created in different sectors of the economy, which will contribute to the development of skills, infrastructure, and the economy.
What sectors does Mous cover?
Among the sectors covered by Mous are travel and tourism, power and energy, infrastructure, manufacturing, and many others.
What is the venue for the Vibrant Gujarat Summit in 2023?
The Mahatma Mandir in Gandhinagar, Gujarat, will host this event in 2023.
Vibrant Gujarat Summit founder: who is he?
Under Shri Narendra Modi’s visionary leadership, the Vibrant Gujarat Summit was conceptualized in 2003 under the leadership of our respected Prime Minister.