Investment commitments worth $7.19 billion are anticipated from Dutch and Singaporean companies during the Vibrant Gujarat Global Summit, hosted in Prime Minister Narendra Modi’s home state. This significant announcement comes just months ahead of the national elections.
Prime Minister Modi is scheduled to address a diverse gathering of investors at the three-day summit, where representatives from 133 countries, including business leaders, CEOs, and diplomats, will participate. The summit, regarded as one of Modi’s final major investment events before the upcoming elections, is expected to draw substantial pledges and collaborations.
Posters featuring Modi and UAE President Sheikh Mohammed bin Zayed al-Nahyan, who arrived in Gujarat ahead of the summit, adorn Ahmedabad, Gujarat’s largest city.
According to a social media post by Singapore’s High Commission in India, the country’s delegation is poised to unveil investments totaling 270 billion rupees ($3.25 billion) during the summit.
Additionally, the Netherlands, represented by Dutch companies, plans to propose total investments of 3.6 billion euros ($3.94 billion) in Gujarat and other Indian states, as revealed by Amlan Bora, the chief India representative of the Netherlands Business Support Office.
The Vibrant Gujarat Global Summit, commencing with Modi’s address, serves as a crucial platform for showcasing India’s economic potential and attracting foreign direct investment.
