Vibrant Gujarat Global Investors Summit 2017 ( VGGIS), the four- day biggest ever trade summit is ready to once again showcase India’s potential to the investors across the globe. Vibrant Gujarat trade show is a 5-day event inaugurated by the Prime Minister “ Mr Narendra Modi” on 9th January 2017. Mr Modi is expected to attend 8 events in this 5-days summit. He held dialogues with 35 international and 23 Indian Companies at the global CEO roundtable on “ Transforming India” on the inaugural day.
The global summit is being hosted between 10-13 January 2017. This Global Investor Summit is perceived to be the platform for the exchange of knowledge, innovation and fostering new partnerships. With the theme of “Connecting India Globally” this Summit is providing a platform for the companies as well as leaders to realise the growing potential of the Indian Economy.
The International Participation that the event has got, is visible this time. President of Kenya, Rwanda, Prime Minister of Serbia has marked their presence to the event. Besides this, delegations from the United Kingdom, Canada, Japan, Sweden and France and many other countries have confirmed their presence at the event. The event is to be attended by 15,00 representatives from 80 countries. Other international dignitaries to attend the event are Piotr Glinski, Deputy Prime Minister and Minister of Culture and National Heritage, Poland, Jean-Marc Ayrault, Minister of Foreign Affairs and International Development, France, Hiroshige Seko, Minister of Economy, Trade and Industry, Japan, Anna Ekstrom, Minister for Upper Secondary School and Adult Education and Training, Sweden, Ministerial Delegation, Lithuania, Hiroshige Seko, Minister of Economy, Trade and Industry, Japan, Ministerial Delegation from UK and USA.
The Summit will help the local industries and trade in making new partnerships that will help to boost business relations. The state government has illustrated 202 projects that are to be showcased to the prospective investors at the event. These projects cover sectors that have the potential to attract highest investments along with the state. Ahmedabad, Gandhinagar, Vadodara are potential locations for Electronic and hardware projects, some states are being shortlisted for solar power plants projects and conventional power projects. Government projects are also being chalked out for the sector like aerospace and defense, automobiles and auto components, energy and power, heavy engineering and chemicals and petrochemicals.
The government has prepared a list of 200 well-research projects across 25 states.with details ranging from market potential to necessary clearance required. The Government has roped in Ernst and Young- Global consulting firm for outlining the project information.
The state intends to present this information before the delegations national as well as international present at the Global summit. To ensure that MSME’s continue to rapidly expand, the state government has taken some strategic measures by assuring full support and additional financing to the MSME’s. To make the SME’s sector more Vibrant the government has identified some potential sector to large investments in the sector. The list of these sectors includes energy, food and agriculture, health, urban and transportation development and banking and finance industries.
The event will provide a platform for the MSME’s to identify joint venture opportunities, government tender opportunities for business expansion. Also, identify potential business partners and suggest a way forward for inclusive growth over a long time horizon.
The summit which is continuing to make headlines already aims to facilitate nearly, 2200 MOU’s with an investment commitment of around 30 lakh crores over next 4 days.