The Tata Group on Wednesday announced plans to build a state-of-the-art semiconductor fabrication plant in Gujarat, as India begins the journey to become a global chip hub. Tata Sons Chairman N. Chandrasekaran, speaking at the 10th Vibrant Gujarat Global Summit in Gandhinagar, said that Tata Group is on the verge of finalising and announcing a substantial semiconductor fabrication plant at Dholera in the state.
Reliance will continue to play a leading role in Gujarat’s growth story with significant investments in the next 10 years, chairman and managing director of Reliance Industries Limited (RIL) Mukesh Ambani said on Wednesday at the 10th Vibrant Gujarat Global Summit 2024 in Ahmedabad. Ambani said Reliance will contribute to making Gujarat a global leader in Green Growth.
Gautam Adani, Chairman, Adani Group said on Wednesday at the Vibrant Gujarat Global Summit that over the next five years, the Adani Group will invest over $25 billion in the state, potentially creating over 100,000 direct and indirect jobs. “Today, I commit to further investments. We are constructing the world’s largest green energy park in Khavda, Kutch, generating 30 GW of renewable energy over 725 square km, even visible from space. We are expanding the green supply chain for an ‘Atmanirbhar’ (Self-Reliant) Bharat (India) and creating the largest integrated renewable energy ecosystem. This includes solar panels, wind turbines, hydrogen electrolysers, green ammonia, PVC, and expansions in copper and cement production”, Adani said.
On the inaugural day of the Vibrant Gujarat Global Summit 2024 on January 10, Prime Minister Narendra Modi outlined India’s ambitious goal to transform into a developed nation by its centenary year of Independence in 2047, and assured the community to ‘dream big as he has the resolve to fulfill those aspirations’.
“India is the next big story about the financial markets,” JP Gupta, additional chief secretary from Gujarat, who was in the US with a team to promote the Vibrant Gujarat Global Summit 2024, told indica this past week. “We are inviting entrepreneurs, and businessmen to invest in Gujarat. We had events in New York, Los Angeles, and San Francisco. We’ll be going to Seattle. We met a lot of financial sector people in New York, the world capital for the capital markets. We went to the Nasdaq, and New York Stock Exchange and met many fund managers. There is a lot of excitement among fund managers to invest in India.”
