In a display of continued investor confidence, the recent Vibrant Gujarat Global Summit witnessed a series of major investment announcements across different sectors. Among the highlights were Tata Group’s plans to establish a semiconductor fabrication unit in Gujarat’s Dholera, scheduled to begin operations in 2024. This move into chip manufacturing marks a significant step for the conglomerate.
Adani Group also made a staggering commitment of ₹2 trillion ($24 billion) to boost green energy initiatives in Gujarat over the next five years. Their focus will be on creating 100,000 direct and indirect jobs in the state as they develop the “world’s largest green energy park” with a capacity to generate 30 gigawatts.
Maruti Suzuki, India’s leading carmaker, revealed plans to invest ₹350 billion ($4.2 billion) in Gujarat. This investment includes the construction of a second car plant and the addition of a new production line to an existing facility, increasing the annual production capacity to 2 million vehicles.
Simmtech, a South Korean semiconductor parts maker, also expressed its readiness for a significant investment in Gujarat. Collaborating with Micron, Simmtech aims to create job opportunities for high-skilled talents in the state, contributing to India’s growing semiconductor supply chain.
Global computing major Nvidia announced a partnership with Yotta to commission an artificial intelligence data center in Gujarat International Finance Tec-City (GIFT City) by the end of March. This collaboration is part of Nvidia’s larger efforts, in partnership with Tata Group and Reliance Industries, to set up data centers in the country.
These investment announcements at the Vibrant Gujarat Summit highlight the growing stature of Gujarat as an attractive investment destination. With commitments from key players across various industries, Gujarat’s economic future looks promising.
The source of the article is from the blog trebujena.net