Vibrant Gujarat Summit: Whole country ready for business as never before: Harsh V Shringla

New Delhi, Nov 25 (UNI) The 10th Vibrant Gujarat Global Summit is expected to see a large participation of global leaders and top CEOs, Foreign Secretary Harsh Vardhan Shringla said on Thursday, adding that Gujarat and the whole country are now ready for business as never before.
In his remarks at the Curtain Raiser Event for the Vibrant Gujarat Global Summit in New Delhi, which was attended by a large number of Ambassadors, High Commissioners and other Diplomats, the Foreign Secretary said that the Vibrant Gujarat Global Summit was conceptualized by Prime Minister Modi in 2003, when he was the Chief Minister of Gujarat.
“His presence in all the Summits so far has been a source of inspiration for all. During the 10th edition, the presence of the Prime Minister will provide an opportunity for the global leaders and top CEOs to interact with him,” he added.
The theme of the Summit is ‘From Atmanirbhar Gujarat to Atmanirbhar Bharat’, i.e., from self-reliant Gujarat to self-reliant India.
He said that a number of policy measures have been announced in recent months that will move India in the direction of making the country a trustworthy global supply chain hub.
“Ambitious structural reforms have been launched to deregulate and to enhance economic openness, good governance and global competitiveness. Policy measures such as the Production Linked Incentives scheme have been initiated to attract investments and promote manufacturing in India,” he said.
He outlined measures like the improved ease of doing business and implementation of the Goods and Services Tax and other measures of simplification and consolidation of taxes among measures taken by the government.
India has made doing business faster and smoother through digital processes, online transactions and single point interfaces.
He said India is making huge public investments in improving infrastructure and mentioned the Gati Shakti – the National Master Plan for Multi-modal Connectivity –that was launched recently to create a seamlessly connected India. “Our National Education Policy has laid the framework for educating a workforce for the 21st century.”
Referring to the COP26 in Glasgow and Prime Minister Modi’s announcement there of the Panchamrut, he said that India is becoming a renewable energy powerhouse, beginning an energy transition and moving in the direction of creating a new green economy. “India also plans to turn into a global hub for Green Hydrogen production and export under its National Hydrogen Mission,” he added.
Shringla said Gujarat is one of the foremost industrial hubs and most investor friendly States in the country.
“The State is a leader in a wide range of sectors, including petrochemicals, textiles, pharmaceuticals, automobiles, and gems and jewels. The State has one major and 48 non-major ports. In addition to a large set of already operational Special Economic Zones, special investment regions and Industrial Estates, the State is funding the establishment of industrial park, financial logistic park and industrial infrastructure projects.”
“The GIFT City in Gujarat is becoming a hub for Fintech companies. A key contributor towards making a green Indian economy, the State has set ambitious targets for renewable energy production and extends several incentives in this area,” he added.
Despite the economic disruption caused by COVID-19, India’s FDI inflows stood at USD 81.72 billion in 2021. Gujarat was one of the top recipients of these FDI inflows among the Indian States, he said.
‘Gujarat has opened its doors to global companies looking to diversify their manufacturing bases following the pandemic. The Government of India is partnering with the State Government in its endeavors to attract fresh investments and boost economic activity.
The 10th Vibrant Gujarat Global Summit Summit will provide an important platform to explore opportunities for trade and investment and for exchange of views with global leaders, top CEOs and businesses,” he said.
The event was attended by the Chief Minister of Gujarat, Bhupendra Patel and Chief Secretary of Gujarat, Pankaj Kumar.
Prime Minister Narendra Modi will inaugurate on January 10 the three-day Vibrant Gujarat Global Summit 2022 at Gandhinagar that seeks to attract investments in the state across sectors.
The 10th edition of the Vibrant Gujarat Global Summit (VGGS) will be held during January 10-12. The Summit will host flagship events on key national initiatives such as PM GatiShakti National Master Plan, Renewable Energy, Electric Mobility and Futuristic Technology and Innovation.
UNI/RN