The launch was attended by the UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi and Union Minister of Commerce and Trade, Piyush Goyal.
Gujarat is poised to become the growth engine of India as the country moves towards its goal of becoming a developed nation by 2047, Union Finance Minister Nirmala Sitharaman on Wednesday.
The high-value investment proposals included Indian companies such as Adani Group, Reliance Industries, Tata Group, and global corporate DP World, among other business conglomerates.
Welspun World, through its entity Welspun New Energy Limited, is committed to supporting Gujarat's decarbonisation ambitions with a cumulative investment of over Rs 40,000 crores.
The Indonesian Ambassador to India, INA Krisnamurthi, said on Wednesday said she would ask companies based in her country to come and invest in Gujarat.
Speaking on the occasion, the Union Minister said, "Under the inspiring leadership of Prime Minister Narendra Modi, India has been growing like it has never before. The vision that Modi ji has for an Atmanirbhar Bharat is based on solid ground. The success of the Vibrant Gujarat campaign, la
He said bilateral trade has increased under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). He also highlighted key collaborations such as the India-Middle East-Europe economic corridor and initiatives to promote Rupay and facilitate direct trade between rupee and dirham.
UAE-based retailer LuLu Group is set to construct what it termed India's biggest shopping mall, in Ahmedabad, with an estimated cost of Rs 4,000 crore.
Stating that the Vibrant Gujarat Global Summit should not be seen from a 'state-specific' perspective, Foreign Secretary Vinay Kwatra said that the MOUs signed in the summit have huge scope, and it will benefit not just Gujarat but the whole country.
Essar Group is setting up a 1-gigawatt green hydrogen project (1,000 megawatt) in Gujarat's Jamnagar, besides expanding its ports and power businesses in the western state, said Prashant Ruia, Promoter Director, Essar Group.
US chipmaker Nvidia is partnering with India's leading business groups to set up state-of-the-art AI data centre facilities here in India, said the multinational company's Senior Vice President, Enterprise Business, Shankar Trivedi.