Business
The idea was conceptualised in 2003 when PM Modi was the Chief Minister of Gujarat. It is now the most reputed global forum for business networking.
The Vibrant Gujarat Global Summit 2024 will be held from 10th - 12th January 2024 in Gandhinagar.
Gujarat contributes 8.3% to India's GDP, 18% to industrial output, & 33% to exports. The Gross State Domestic Product (GSDP) surged from Rs 1.42 lakh crore to Rs 22.61 lakh crore.
Business-friendly rules, strong social, industrial, & physical infrastructure, as well as its highly skilled people made the state an attractive destination for investments.
Manufacturing, infrastructure, tourism, healthcare, and textiles, have flourished in 20 years, making it home to over one hundred Fortune 500 companies and over 13 lakh MSMEs.
Automobile manufacturers, an upcoming lithium-ion battery manufacturing plant chemicals, petrochemicals, maritime and pharmaceuticals have flourished in the state.
Gujarat has the most registered pharmaceutical businesses in the country (649), 130 of which have received approval from the US Food and Drug Administration (USFDA).
Gujarat's strategic advantage in trade and commerce stems from its 1,600 km of coastline and several contemporary ports.
Gujarat promises investment opportunities in Defence and aerospace sectors including artillery, combat vehicles, aircraft assembly, ammunition, small arms, and shipbuilding.