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I am ging to post here the news related to Vibrant Gujarat Summit 2019.
Vibrant Gujarat summit 2019
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Vibrant Gujarat Summit 2019 HIGHLIGHTS: Adani Group to invest Rs 55,000 crore in next five years in state projects
Vibrant Gujarat Global Summit 2019: The three-day investors' meet will take place at Mahatma Mandir facility for international events in Gandhinagar.
Express Web Desk |New Delhi |Updated: January 18, 2019 9:37:11 pm
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Vibrant Gujarat Summit: On first day, Rs 7 lakh crore investment promised — who and how much
Make In India Initiative: PM to visit L&T’s gun-making facility in Surat today
African leader praises PM Mod for following Nehru’s foreign policy
Prime Minister Narendra Modi will inaugurate the 9th edition of Vibrant Gujarat Global Summit in Gandhinagar. (Express photo/Javed Raja)
Vibrant Gujarat Global Summit 2019: Prime Minister Narendra Modi on Friday inaugurated the 9th edition of Vibrant Gujarat Summit in Gandhinagar in the presence of thousands of delegates and business leaders from across the world. “India is now ready for business as never before. In the last 4 years, we have jumped 65 places in the Global Ranking of World Bank’s Doing Business report. But we are still not satisfied. I have asked my team to work harder so that India is in the top 50 next year,” he told the audience.
The three-day investors’ meet is taking place at Mahatma Mandir facility for international events in the state capital and is ready to witness the participation of the heads of five countries – Uzbekistan, Rwanda, Denmark, Czech Republic and Malta – and over 30,000 national and international delegates. Some of the major events during the three-day meet include a round-table interaction with the heads of global funds, ‘Africa Day’ and an MSME convention. The closing ceremony will be held in the presence of Vice President M Venkaiah Naidu, the CM said.
20:15 (IST)18 Jan 2019
PM of Czech Republic is part of panel at a seminar
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Vibrant Gujarat
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Andrej Babiš, Hon’ble Prime Minister of the Czech Republic attending #VibrantGujarat2019, is part of the panel present at the country seminar that highlights the theme Prospective Technological Partner of India on the Path to Common Prosperity with the Czech Republic. #VG2019
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19:35 (IST)18 Jan 2019
Defence export likely to cross Rs 10,000 crore by end of FY, says Secy Defence Production
India's defence export is likely to exceed Rs 10,000 crore by the end of the current financial year, said Secretary of Defence Production Ajay Kumar Friday.
"Indian industry has been doubling the defence exports in the last three years. Three years back, total defence export from India was only about Rs 1,500 crore. Last year, the figure reached Rs 4,500 crore. This year, by November, we have done Rs 7,500 crore export, and by March we are going to cross Rs 10,000 crore," said Kumar speaking at a seminar on 'Opportunities for Defence and Aeronautics in Gujarat' organised as part of the 9th edition of the Vibrant Gujarat Global Summit.
He termed opacity of the defence sector as one of the biggest challenges for the industry. Kumar added that defence investor cell, an online cell created by the government, acts as a guide to retrieve information, understand issues etc.
"This was started about ten months back and the MSMEs have particularly benefited from the cell in the last 10 months," he said.
18:16 (IST)18 Jan 2019
Adani Group to invest Rs 55,000 crore in next five years in Gujarat projects
Billionaire Gautam Adani Friday announced an investment of over Rs 55,000 crore in the next five years in Gujarat projects including world's largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex.
"Over the next 5 years, our investments will include the world's largest solar hybrid park in Khavda. The anticipated investment in this park is Rs 30,000 crore. We also plan to establish a 1 GW Data Center Park in Mundra, a one million ton copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated Lithium battery manufacturing complex and expand our Photovoltaic manufacturing capabilities. Overall, we anticipate a total of Rs 55,000 crore of investment in all these projects," said Adani.
18:08 (IST)18 Jan 2019
Mukesh Ambani urges Modi to take steps against 'data colonisation'
Reliance Industries Chairman and Managing Director Mukesh Ambani urged Prime Minister Narendra Modi to take steps against 'data colonisation', especially by globals corporations and said Indian data must be owned by Indians. Ambani also said Reliance would invest Rs 3 lakh crore in various Gujarat Projects in the next 10 years ranging from energy and petrochemical to new technology and digital business.
"India's data must be controlled and owned by Indian people and not by corporates, especially global corporations. For India to succeed in this data-driven revolution, we will have to migrate the control and ownership of Indian data back to India. In other words, give Indian wealth back to every Indian," Ambani said.
Reliance Industries has also invested billions of dollars in the roll out of telecom venture, Jio.
"Gujarat is Reliance's Janmabhoomi (birthplace) as well as its Karmabhoomi (workplace). Gujarat has always been - and will always remain - our first choice. We have so far invested nearly Rs 3 lakh crores in the state of Gujarat. And created and catalyzed over one million livelihood opportunities in Gujarat. In comparison to the past decades, Reliance will double this investment and employment numbers over the next ten years," he said.
17:29 (IST)18 Jan 2019
Aditya Birla Group will invest Rs 15,000 cr in Gujarat: Chairman of Birla Group
Aditya Birla Group plans to invest Rs. 15,000 crore in Gujarat in the next three years on capacity expansion and setting up of new units, Chairman Kuman Mangalam Birla said at the event on Friday.
Investments would be made in various businesses segments ranging from textiles and chemicals to mining and minerals. Till now the Birla group's investments in the state are over Rs. 30,000 crore and counting, said Birla.
"Amongst our major expansion is with Grasim viscose staple fibre plant at Vilayat and Indian Rayon viscose filament yarn plant at Veraval. These will entail investments of Rs 7,500 crore," said Birla.
The group at present has 15 manufacturing plants providing employment to around 26,000 people. Birla said the investments on expanding group firm Grasim's chemical business will be around Rs 1,000 crore. The group is also increasing investment in green technologies at all of its plantsas part of environmental friendly measures as part of the new investments planned.
"All of these investments together run up to Rs 15,000 over a three year period," Birla said.
(With PTI inputs)
16:42 (IST)18 Jan 2019
PM Modi meets Denmark PM Lars Løkke
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ANI
✔@ANI
https://twitter.com/ANI/status/1086218914193858560
Gandhinagar: Prime Minister Narendra Modi meets Prime Minister of Denmark Lars Løkke on the sidelines of #VibrantGujaratGlobalSummit, 2019.
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16:32 (IST)18 Jan 2019
Co. aims to introduce electric vehicles in 2020 to fight CO2 emission: Suzuki
Participating in the Summit, Japanese auto maker Suzuki Motor Corporation Friday said it will commission its third plant at Gujarat by 2020 and will introduce new hybrid vehicles in India with technical support from Toyota, PTI quoted.
Suzuki Motor Corporation (SMC) President Toshihiro Suzuki spoke at the Summit and sought an enabling policy support from the government to further invest in localisation of components of hybrid and electric vehicles.
Suzuki said that first vehicle assembly plant of the company was inaugurated in September last year, the second plant will start shortly and they plan to commission the third plant by 2020.
Suzuki laid down the company's plan in Gujarat and said after three plants in operations, the annual production capacity of Suzuki Motor Gujarat will be enhanced up to 7,50,000 units and the company will also start production at its engine and transmission plant in the state shortly. The SMC said in a statement that it has started production of its hatchback Swift from the second plant in the state.
Suzuki said it will enable "us to bear fruit of integrated vehicle manufacturing in Gujarat"; and the state is becoming "more and more important as a production site for Suzuki group".
Acknowledging the challenge to reduce CO2 for the prevention of global warming, Suzuki said SMC is tackling the issue from various angles and as one of the solutions, it has decided to introduce electric vehicles in India in 2020.
"In the Indian context, we firmly believe that hybrid and CNG vehicles are the most effective solution, with fastest results," he asserted.
15:51 (IST)18 Jan 2019
Have asked my team to get India in top 50 under Global Ranking of World Bank's Doing Business Report: PM Modi
Prime Minister Narendra Modi said in the last four years, India has jumped 65 places in the Global Ranking of World Bank's Doing Business Report, however, they are not still satisfied and have asked his team to work harder to get India in the top 50. "At 7.3%, average GDP growth over the entire term of our government, has been the highest for any Indian government since 1991, also the average rate of inflation at 4.6% is lowest for any Indian government since 1991," said Modi at the 2019 Summit.
PMO India
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At 7.3%, the average GDP growth over the entire term of our Government, has been the highest for any Indian Government since 1991.
At the same time, the average rate of inflation at 4.6% is the lowest for any Indian Government since 1991: PM
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15:45 (IST)18 Jan 2019
PM Modi meets Czech Republic PM Babis
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ANI
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https://twitter.com/ANI/status/1086201830021914625
Gandhinagar: Prime Minister Narendra Modi meets Czech Republic Prime Minister Andrej Babis on the sidelines of #VibrantGujaratGlobalSummit, 2019
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14:23 (IST)18 Jan 2019
Vibrant Gujarat
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Industrialists share their views on association with #VibrantGujarat and investing in Gujarat.#VG2019 #ShapingANewIndia #VibrantGujarat2019
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2:22 PM - Jan 18, 2019 · Gandhinagar, India
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14:01 (IST)18 Jan 2019
Confident Gujarat will improve bilateral ties between India, Uzbekistan: President Shavkat Mirizyoyev
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DIPP India
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Replying to @DIPPGOI
President Shavkat Mirizyoyev, President Uzbekistan during the #VibrantGujarat summit said that he is confident that Gujarat will improve the bilateral relations between India and Uzbekistan. #ShapeANewIndia
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13:53 (IST)18 Jan 2019
PM Modi concludes speech
PM Modi concludes his speech.
13:45 (IST)18 Jan 2019
PMO India
✔@PMOIndia
https://twitter.com/PMOIndia/status/1086174310237069312
We have worked hard to promote manufacturing to create jobs for our youth.
Investments through our 'Make in India' initiative, have been well supported by programmes like ‘Digital India’ and ‘Skill India’: PM
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13:45 (IST)18 Jan 2019
'Average GDP, inflation lowest since 1991'
"At 7.3 per cent, the average GDP growth has been the highest of any Indian government since 1991. At the same time, the average rate of inflation at 4.6 per cent is the lowest for any Indian government since 1991 when India began its process for liberalization," Modi said.
13:43 (IST)18 Jan 2019
PMO India
✔@PMOIndia
https://twitter.com/PMOIndia/status/1086173207093141504
We have also made Doing Business cheaper.
The implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient.
We have also made Doing Business Faster through digital processes and single point interfaces: PM
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1:37 PM - Jan 18, 2019
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13:42 (IST)18 Jan 2019
'India aims for cleaner, greener energy'
"Being a young nation, we need to create better job opportunities. Our focus includes bringing our industrial policies and practices to best standards. Cleaner and greener energy is also one of our commitments. We are now the fifth producer of renewable energy in the world - the fourth largest producer of wind and the fifth largest producer of solar energy," Modi said.
13:39 (IST)18 Jan 2019
Doing business in India is a great opportunity: Modi
"Digital payments are under full implementation. We are in one of the largest ecosystems in terms of startups. Doing business with us is a great opportunity. We have world-class research facilities," the PM said.
13:36 (IST)18 Jan 2019
PMO India
✔@PMOIndia
https://twitter.com/PMOIndia/status/1086171897799225344
We are honoured by the presence of many Heads of State and Government and several other distinguished delegates.
This shows that international bilateral cooperation is no longer limited to national capitals, but now extends to our state capitals as well: PM
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13:35 (IST)18 Jan 2019
Modi speaks on ease of doing business in India
"India is now ready for business. In the last four years, we have jumped 65 places of global ranking of ease of doing business. I have asked my team to work harder to ensure India is on the top 50 next years," Modi said.
13:34 (IST)18 Jan 2019
'India one of the fastest growing economies in world'
"Those who visit India regularly will feel a change in ai, in terms of direction and intensity. Over the last four years, the aim of my government is to reduce government and increase governance. We wish to take deeper structural reforms to strengthen our economy. We continue to remain one of the fastest growing economies in the world," Modi said.
13:32 (IST)18 Jan 2019
Vibrant Gujarat a global platform: PM Modi
"Vibrant Gujarat has emerged as a global platform. Gujarat represents the best of business spirit. The presence of so many leaders here shows that international cooperation is no longer limited to national capitals but is also extended to state capitals," PM Modi said.
13:28 (IST)18 Jan 2019
PM Modi begins addressing crowd
PM Modi begins addressing the crowd at the Gujarat summit.
Narendra Modi
✔@narendramodi
https://twitter.com/narendramodi/status/1086170211173031936
Vibrant Gujarat has emerged as a global forum. Addressing the Summit now. Watch. https://www.pscp.tv/w/bxF99TMyMjExNTJ8MU95SkF5b3lxTkxKYuFU-Dji5oQZOtBkwUtOq8_d3rwVFIrg2OKqhjeK5aaH …
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Vibrant Gujarat has emerged as a global forum. Addressing the Summit now. Watch.
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13:25 (IST)18 Jan 2019
Israel PM shares special message for Gujarat
In a special message via video-conferencing, Israel PM Benjamin Netanyahu said, "Gujarat symbolises the powerful connection between our two people. Together we're building limitless possibilities for the future."
Yaakov Finkelstein
✔@Yaakov_FINKLSTN
https://twitter.com/Yaakov_FINKLSTN/status/1086164442264424448
@IsraeliPM @netanyahu in a special message to @VibrantGujarat: "#Gujarat symbolizes the powerful connection between our 2 Peoples...together we're building limitless possibilities for the future." #VG2019 @PMOIndia @narendramodi @CMOGuj @vijayrupanibjp #VibrantPartnership
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13:20 (IST)18 Jan 2019
Heads of states from across globe discuss business at Gujarat summit
Vibrant Gujarat
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https://twitter.com/VibrantGujarat/status/1086168515915051010
Heads of states from counties across the world are discussing the mutual growth opportunities at Vibrant Gujarat Global Summit 2019. #VibrantGujarat2019 #VibrantGujarat #VG2019 #ShapingANewIndia #VGGS
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1:18 PM - Jan 18, 2019 · Gandhinagar, India
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13:12 (IST)18 Jan 2019
Tsingshan chairman Guangda Xiang addresses gathering
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JP Shivahare@JpShivahare
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Chromeni steels to invest US$ 3 Billion in #DholeraSIR to manufacture Stainless Steel and EV Batteries - Guangda Xiang, Chairman, Tsingshan Industries/ Chromeni Steels @VibrantGujarat @PMOIndia @CMOGuj @CimGOI @dmicdc @DIPPGOI @rabhishek1982 @alkesh12sharma @DholeraOfficial
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12:59 (IST)18 Jan 2019
CM Rupani lauds PM Modi's vision for state
While thanking PM Modi for his inspirational vision for the state, CM Rupani said, "We are committed to the policy-driven governance under the visionary leadership of PM Modi." Rupani also assured the industry captains of all the possible co-operation and support from the state government to facilitate easy business.
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CMO Gujarat
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We are committed to the policy driven governance under the visionary leadership of PM Shri @narendramodi : Gujarat CM Shri @vijayrupanibjp at the inaugural ceremony of #VG2019
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12:56 (IST)18 Jan 2019
Gujarat is Reliance's 'Janmabhoomi and Karmabhoomi': Ambani
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Mukesh Ambani during #VibrantGujarat summit said that Gujarat is Reliance 's janmabhoomi and karmabhoomi. He also said that they believe in India first and within India, Gujarat first. Reliance will double its investment and employment in the next 10 years. #ShapeANewIndia
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12:47 (IST)18 Jan 2019
Torrent Group chairman assures of additional investment
While addressing the gathering, Sudhir Mehta, chairman of Torrent Group, expressed his commitment to invest an additional amount of Rs 10,000 crore in renewable energy, gas distribution and other sectors.
12:42 (IST)18 Jan 2019
CM Rupani welcomes PM Modi
"I take pride in welcoming the pioneer of Vibrant Gujarat Prime Minister Shri Narendra Modi at Vibrant Gujarat Global Summit 2019," CM Vijay Rupani had said.
12:34 (IST)18 Jan 2019
Fortunate to attend Vibrant Gujarat Summit every year: Gautam Adani
Taking to Twitter, Gautam Adani said, "It's always been an honour to speak at the Vibrant Gujarat Summit and I've been fortunate to attend every summit. This platform has all the defining stamps of our Hon'ble PM's imagination - towering vision, unprecedented scale and a leading role in reshaping India. Jai Hind!"
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Gautam Adani
✔@gautam_adani
https://twitter.com/gautam_adani/status/1086139183926661120
It's always been an honour to speak at @VibrantGujarat and I've been fortunate to attend every summit. This platform has all the defining stamps of our Hon'ble PM @narendramodi's imagination - towering vision, unprecedented scale and a leading role in reshaping India. Jai Hind!
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12:27 (IST)18 Jan 2019
Roundtable interaction, Africa Day among other events
Some of the major events during the three-day summit include a ’roundtable interaction’ with the heads of global funds, ‘Africa Day’ and an MSME Convention. “The Africa Day event is a new feature. It will provide a platform for global leaders to discuss opportunities for strategic partnerships, trade and investment between India and Africa,” the chief secretary said. “PM Modi will have a round table with heads of global sovereign wealth funds, pension funds and institutional investors on the inaugural day,” he added.
The Indian business tycoons who are expected to attend the summit include Mukesh Ambani, Uday Kotak, Kumar Mangalam Birla, Gautam Adani, Adi Godrej and Pankaj Patel. (Express photo\/Javed Raja)" id="lbcontentbody" ]
12:18 (IST)18 Jan 2019
The Indian business tycoons who are expected to attend the summit include Mukesh Ambani, Uday Kotak, Kumar Mangalam Birla, Gautam Adani, Adi Godrej and Pankaj Patel. (Express photo/Javed Raja)
12:13 (IST)18 Jan 2019
Business leaders expected at summit
The Indian business tycoons who are expected to attend the summit include Mukesh Ambani, Uday Kotak, Kumar Mangalam Birla, Gautam Adani, Adi Godrej and Pankaj Patel. Chief executive officers and top executives of global companies like BASF, DP World, Suzuki, Vanguard and Maersk would also be present.
12:04 (IST)18 Jan 2019
Must launch campaign against data colonisation: Ambani
parimal dabhi@parimaldabhi
https://twitter.com/parimaldabhi/status/1086149058794844161
We should launch a movement against data colonisation: Mukesh Ambani @IndianExpress
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11:59 (IST)18 Jan 2019
In 10 years, Reliance investment to be doubled in Gujarat: Ambani
While addressing the crowd at the summit, Reliance Industries Limited chairman Mukesh Ambani said, "Our motto is 'India first and within India, Gujarat first'. In the next 10 years, Reliance will double its investment in Gujarat."
11:52 (IST)18 Jan 2019
Australia, Canada among 'Partner Countries'
Fifteen countries including Australia, Canada, France and Japan have agreed to be “partner countries”. “Though US is not there, two of its trade organisations — US-India Strategic Partnership Forum and US-India Business Council — are coming,” Singh said.
11:37 (IST)18 Jan 2019
Over 115 delegations attend Gujarat summit
"Around 115 delegations from other countries will be here for the summit. Over 20,000 delegates and 26,380 companies have already registered for the three-day event and the number may increase,” Gujarat chief secretary J N Singh had said.
Prime Minister Narendra Modi at the inaugural event. (Express photo\/Javed Raja)" id="lbcontentbody" ]
11:26 (IST)18 Jan 2019
Prime Minister Narendra Modi at the inaugural event. (Express photo/Javed Raja)
11:13 (IST)18 Jan 2019
US, UK no longer 'Partner Countries'
Vibrant Gujarat Summits were initiated by Modi in 2003 when he was chief minister to attract investment to the state. Unlike past summits, the United States and United Kingdom won’t be associating themselves with the event as `Partner Countries’ this time.
10:57 (IST)18 Jan 2019
PM Modi greets Uzbekistan President Shavkat Mirziyoyev
PIB India
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PM @narendramodi meeting with the Uzbek @president_uz Shavkat Mirziyoyev on the sidelines of @VibrantGujarat at Mahatma Mandir, Gandhinagar, Gujarat.
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Prime Minister Narendra Modi, who arrived for a two-day visit to Gujarat yesterday, inaugurated the Sardar Vallabhbhai Patel Institute of Medical Sciences and Research (SVP Hospital) that plans to “provide world-class facilities” at “India’s first digital paperless hospital” as part of the curtain raiser of the Vibrant Gujarat Global Summit. The hospital has been built at the cost of Rs 750 crore with Rs 331-crore assistance from the Mukhyamantri Swarnim Yojana. The plan of shifting clinical staff from Ahmedabad Municipal Corporation-run V S Hospital to the SVP Hospital has been witnessing strong opposition from the Congress, V S hospital trustees, civil rights groups, among others, since the last one month.
Vibrant Gujarat Global Summit 2019: The three-day investors' meet will take place at Mahatma Mandir facility for international events in Gandhinagar.
Express Web Desk |New Delhi |Updated: January 18, 2019 9:37:11 pm
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Vibrant Gujarat Summit: On first day, Rs 7 lakh crore investment promised — who and how much
Make In India Initiative: PM to visit L&T’s gun-making facility in Surat today
African leader praises PM Mod for following Nehru’s foreign policy
Prime Minister Narendra Modi will inaugurate the 9th edition of Vibrant Gujarat Global Summit in Gandhinagar. (Express photo/Javed Raja)
Vibrant Gujarat Global Summit 2019: Prime Minister Narendra Modi on Friday inaugurated the 9th edition of Vibrant Gujarat Summit in Gandhinagar in the presence of thousands of delegates and business leaders from across the world. “India is now ready for business as never before. In the last 4 years, we have jumped 65 places in the Global Ranking of World Bank’s Doing Business report. But we are still not satisfied. I have asked my team to work harder so that India is in the top 50 next year,” he told the audience.
The three-day investors’ meet is taking place at Mahatma Mandir facility for international events in the state capital and is ready to witness the participation of the heads of five countries – Uzbekistan, Rwanda, Denmark, Czech Republic and Malta – and over 30,000 national and international delegates. Some of the major events during the three-day meet include a round-table interaction with the heads of global funds, ‘Africa Day’ and an MSME convention. The closing ceremony will be held in the presence of Vice President M Venkaiah Naidu, the CM said.
20:15 (IST)18 Jan 2019
PM of Czech Republic is part of panel at a seminar
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Vibrant Gujarat
✔@VibrantGujarat
https://twitter.com/VibrantGujarat/status/1086241120898568192
Andrej Babiš, Hon’ble Prime Minister of the Czech Republic attending #VibrantGujarat2019, is part of the panel present at the country seminar that highlights the theme Prospective Technological Partner of India on the Path to Common Prosperity with the Czech Republic. #VG2019
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19:35 (IST)18 Jan 2019
Defence export likely to cross Rs 10,000 crore by end of FY, says Secy Defence Production
India's defence export is likely to exceed Rs 10,000 crore by the end of the current financial year, said Secretary of Defence Production Ajay Kumar Friday.
"Indian industry has been doubling the defence exports in the last three years. Three years back, total defence export from India was only about Rs 1,500 crore. Last year, the figure reached Rs 4,500 crore. This year, by November, we have done Rs 7,500 crore export, and by March we are going to cross Rs 10,000 crore," said Kumar speaking at a seminar on 'Opportunities for Defence and Aeronautics in Gujarat' organised as part of the 9th edition of the Vibrant Gujarat Global Summit.
He termed opacity of the defence sector as one of the biggest challenges for the industry. Kumar added that defence investor cell, an online cell created by the government, acts as a guide to retrieve information, understand issues etc.
"This was started about ten months back and the MSMEs have particularly benefited from the cell in the last 10 months," he said.
18:16 (IST)18 Jan 2019
Adani Group to invest Rs 55,000 crore in next five years in Gujarat projects
Billionaire Gautam Adani Friday announced an investment of over Rs 55,000 crore in the next five years in Gujarat projects including world's largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex.
"Over the next 5 years, our investments will include the world's largest solar hybrid park in Khavda. The anticipated investment in this park is Rs 30,000 crore. We also plan to establish a 1 GW Data Center Park in Mundra, a one million ton copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated Lithium battery manufacturing complex and expand our Photovoltaic manufacturing capabilities. Overall, we anticipate a total of Rs 55,000 crore of investment in all these projects," said Adani.
18:08 (IST)18 Jan 2019
Mukesh Ambani urges Modi to take steps against 'data colonisation'
Reliance Industries Chairman and Managing Director Mukesh Ambani urged Prime Minister Narendra Modi to take steps against 'data colonisation', especially by globals corporations and said Indian data must be owned by Indians. Ambani also said Reliance would invest Rs 3 lakh crore in various Gujarat Projects in the next 10 years ranging from energy and petrochemical to new technology and digital business.
"India's data must be controlled and owned by Indian people and not by corporates, especially global corporations. For India to succeed in this data-driven revolution, we will have to migrate the control and ownership of Indian data back to India. In other words, give Indian wealth back to every Indian," Ambani said.
Reliance Industries has also invested billions of dollars in the roll out of telecom venture, Jio.
"Gujarat is Reliance's Janmabhoomi (birthplace) as well as its Karmabhoomi (workplace). Gujarat has always been - and will always remain - our first choice. We have so far invested nearly Rs 3 lakh crores in the state of Gujarat. And created and catalyzed over one million livelihood opportunities in Gujarat. In comparison to the past decades, Reliance will double this investment and employment numbers over the next ten years," he said.
17:29 (IST)18 Jan 2019
Aditya Birla Group will invest Rs 15,000 cr in Gujarat: Chairman of Birla Group
Aditya Birla Group plans to invest Rs. 15,000 crore in Gujarat in the next three years on capacity expansion and setting up of new units, Chairman Kuman Mangalam Birla said at the event on Friday.
Investments would be made in various businesses segments ranging from textiles and chemicals to mining and minerals. Till now the Birla group's investments in the state are over Rs. 30,000 crore and counting, said Birla.
"Amongst our major expansion is with Grasim viscose staple fibre plant at Vilayat and Indian Rayon viscose filament yarn plant at Veraval. These will entail investments of Rs 7,500 crore," said Birla.
The group at present has 15 manufacturing plants providing employment to around 26,000 people. Birla said the investments on expanding group firm Grasim's chemical business will be around Rs 1,000 crore. The group is also increasing investment in green technologies at all of its plantsas part of environmental friendly measures as part of the new investments planned.
"All of these investments together run up to Rs 15,000 over a three year period," Birla said.
(With PTI inputs)
16:42 (IST)18 Jan 2019
PM Modi meets Denmark PM Lars Løkke
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ANI
✔@ANI
https://twitter.com/ANI/status/1086218914193858560
Gandhinagar: Prime Minister Narendra Modi meets Prime Minister of Denmark Lars Løkke on the sidelines of #VibrantGujaratGlobalSummit, 2019.
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16:32 (IST)18 Jan 2019
Co. aims to introduce electric vehicles in 2020 to fight CO2 emission: Suzuki
Participating in the Summit, Japanese auto maker Suzuki Motor Corporation Friday said it will commission its third plant at Gujarat by 2020 and will introduce new hybrid vehicles in India with technical support from Toyota, PTI quoted.
Suzuki Motor Corporation (SMC) President Toshihiro Suzuki spoke at the Summit and sought an enabling policy support from the government to further invest in localisation of components of hybrid and electric vehicles.
Suzuki said that first vehicle assembly plant of the company was inaugurated in September last year, the second plant will start shortly and they plan to commission the third plant by 2020.
Suzuki laid down the company's plan in Gujarat and said after three plants in operations, the annual production capacity of Suzuki Motor Gujarat will be enhanced up to 7,50,000 units and the company will also start production at its engine and transmission plant in the state shortly. The SMC said in a statement that it has started production of its hatchback Swift from the second plant in the state.
Suzuki said it will enable "us to bear fruit of integrated vehicle manufacturing in Gujarat"; and the state is becoming "more and more important as a production site for Suzuki group".
Acknowledging the challenge to reduce CO2 for the prevention of global warming, Suzuki said SMC is tackling the issue from various angles and as one of the solutions, it has decided to introduce electric vehicles in India in 2020.
"In the Indian context, we firmly believe that hybrid and CNG vehicles are the most effective solution, with fastest results," he asserted.
15:51 (IST)18 Jan 2019
Have asked my team to get India in top 50 under Global Ranking of World Bank's Doing Business Report: PM Modi
Prime Minister Narendra Modi said in the last four years, India has jumped 65 places in the Global Ranking of World Bank's Doing Business Report, however, they are not still satisfied and have asked his team to work harder to get India in the top 50. "At 7.3%, average GDP growth over the entire term of our government, has been the highest for any Indian government since 1991, also the average rate of inflation at 4.6% is lowest for any Indian government since 1991," said Modi at the 2019 Summit.
PMO India
✔@PMOIndia
https://twitter.com/PMOIndia/status/1086175076725153792
At 7.3%, the average GDP growth over the entire term of our Government, has been the highest for any Indian Government since 1991.
At the same time, the average rate of inflation at 4.6% is the lowest for any Indian Government since 1991: PM
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15:45 (IST)18 Jan 2019
PM Modi meets Czech Republic PM Babis
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ANI
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https://twitter.com/ANI/status/1086201830021914625
Gandhinagar: Prime Minister Narendra Modi meets Czech Republic Prime Minister Andrej Babis on the sidelines of #VibrantGujaratGlobalSummit, 2019
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14:23 (IST)18 Jan 2019
Vibrant Gujarat
✔@VibrantGujarat
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Industrialists share their views on association with #VibrantGujarat and investing in Gujarat.#VG2019 #ShapingANewIndia #VibrantGujarat2019
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2:22 PM - Jan 18, 2019 · Gandhinagar, India
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14:01 (IST)18 Jan 2019
Confident Gujarat will improve bilateral ties between India, Uzbekistan: President Shavkat Mirizyoyev
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Replying to @DIPPGOI
President Shavkat Mirizyoyev, President Uzbekistan during the #VibrantGujarat summit said that he is confident that Gujarat will improve the bilateral relations between India and Uzbekistan. #ShapeANewIndia
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13:53 (IST)18 Jan 2019
PM Modi concludes speech
PM Modi concludes his speech.
13:45 (IST)18 Jan 2019
PMO India
✔@PMOIndia
https://twitter.com/PMOIndia/status/1086174310237069312
We have worked hard to promote manufacturing to create jobs for our youth.
Investments through our 'Make in India' initiative, have been well supported by programmes like ‘Digital India’ and ‘Skill India’: PM
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13:45 (IST)18 Jan 2019
'Average GDP, inflation lowest since 1991'
"At 7.3 per cent, the average GDP growth has been the highest of any Indian government since 1991. At the same time, the average rate of inflation at 4.6 per cent is the lowest for any Indian government since 1991 when India began its process for liberalization," Modi said.
13:43 (IST)18 Jan 2019
PMO India
✔@PMOIndia
https://twitter.com/PMOIndia/status/1086173207093141504
We have also made Doing Business cheaper.
The implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient.
We have also made Doing Business Faster through digital processes and single point interfaces: PM
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13:42 (IST)18 Jan 2019
'India aims for cleaner, greener energy'
"Being a young nation, we need to create better job opportunities. Our focus includes bringing our industrial policies and practices to best standards. Cleaner and greener energy is also one of our commitments. We are now the fifth producer of renewable energy in the world - the fourth largest producer of wind and the fifth largest producer of solar energy," Modi said.
13:39 (IST)18 Jan 2019
Doing business in India is a great opportunity: Modi
"Digital payments are under full implementation. We are in one of the largest ecosystems in terms of startups. Doing business with us is a great opportunity. We have world-class research facilities," the PM said.
13:36 (IST)18 Jan 2019
PMO India
✔@PMOIndia
https://twitter.com/PMOIndia/status/1086171897799225344
We are honoured by the presence of many Heads of State and Government and several other distinguished delegates.
This shows that international bilateral cooperation is no longer limited to national capitals, but now extends to our state capitals as well: PM
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13:35 (IST)18 Jan 2019
Modi speaks on ease of doing business in India
"India is now ready for business. In the last four years, we have jumped 65 places of global ranking of ease of doing business. I have asked my team to work harder to ensure India is on the top 50 next years," Modi said.
13:34 (IST)18 Jan 2019
'India one of the fastest growing economies in world'
"Those who visit India regularly will feel a change in ai, in terms of direction and intensity. Over the last four years, the aim of my government is to reduce government and increase governance. We wish to take deeper structural reforms to strengthen our economy. We continue to remain one of the fastest growing economies in the world," Modi said.
13:32 (IST)18 Jan 2019
Vibrant Gujarat a global platform: PM Modi
"Vibrant Gujarat has emerged as a global platform. Gujarat represents the best of business spirit. The presence of so many leaders here shows that international cooperation is no longer limited to national capitals but is also extended to state capitals," PM Modi said.
13:28 (IST)18 Jan 2019
PM Modi begins addressing crowd
PM Modi begins addressing the crowd at the Gujarat summit.
Narendra Modi
✔@narendramodi
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Vibrant Gujarat has emerged as a global forum. Addressing the Summit now. Watch. https://www.pscp.tv/w/bxF99TMyMjExNTJ8MU95SkF5b3lxTkxKYuFU-Dji5oQZOtBkwUtOq8_d3rwVFIrg2OKqhjeK5aaH …
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Vibrant Gujarat has emerged as a global forum. Addressing the Summit now. Watch.
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13:25 (IST)18 Jan 2019
Israel PM shares special message for Gujarat
In a special message via video-conferencing, Israel PM Benjamin Netanyahu said, "Gujarat symbolises the powerful connection between our two people. Together we're building limitless possibilities for the future."
Yaakov Finkelstein
✔@Yaakov_FINKLSTN
https://twitter.com/Yaakov_FINKLSTN/status/1086164442264424448
@IsraeliPM @netanyahu in a special message to @VibrantGujarat: "#Gujarat symbolizes the powerful connection between our 2 Peoples...together we're building limitless possibilities for the future." #VG2019 @PMOIndia @narendramodi @CMOGuj @vijayrupanibjp #VibrantPartnership
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13:20 (IST)18 Jan 2019
Heads of states from across globe discuss business at Gujarat summit
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https://twitter.com/VibrantGujarat/status/1086168515915051010
Heads of states from counties across the world are discussing the mutual growth opportunities at Vibrant Gujarat Global Summit 2019. #VibrantGujarat2019 #VibrantGujarat #VG2019 #ShapingANewIndia #VGGS
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1:18 PM - Jan 18, 2019 · Gandhinagar, India
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13:12 (IST)18 Jan 2019
Tsingshan chairman Guangda Xiang addresses gathering
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JP Shivahare@JpShivahare
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Chromeni steels to invest US$ 3 Billion in #DholeraSIR to manufacture Stainless Steel and EV Batteries - Guangda Xiang, Chairman, Tsingshan Industries/ Chromeni Steels @VibrantGujarat @PMOIndia @CMOGuj @CimGOI @dmicdc @DIPPGOI @rabhishek1982 @alkesh12sharma @DholeraOfficial
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12:59 (IST)18 Jan 2019
CM Rupani lauds PM Modi's vision for state
While thanking PM Modi for his inspirational vision for the state, CM Rupani said, "We are committed to the policy-driven governance under the visionary leadership of PM Modi." Rupani also assured the industry captains of all the possible co-operation and support from the state government to facilitate easy business.
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CMO Gujarat
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https://twitter.com/CMOGuj/status/1086137345705824256
We are committed to the policy driven governance under the visionary leadership of PM Shri @narendramodi : Gujarat CM Shri @vijayrupanibjp at the inaugural ceremony of #VG2019
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12:56 (IST)18 Jan 2019
Gujarat is Reliance's 'Janmabhoomi and Karmabhoomi': Ambani
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https://twitter.com/DIPPGOI/status/1086161514640199680
Mukesh Ambani during #VibrantGujarat summit said that Gujarat is Reliance 's janmabhoomi and karmabhoomi. He also said that they believe in India first and within India, Gujarat first. Reliance will double its investment and employment in the next 10 years. #ShapeANewIndia
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12:47 (IST)18 Jan 2019
Torrent Group chairman assures of additional investment
While addressing the gathering, Sudhir Mehta, chairman of Torrent Group, expressed his commitment to invest an additional amount of Rs 10,000 crore in renewable energy, gas distribution and other sectors.
12:42 (IST)18 Jan 2019
CM Rupani welcomes PM Modi
"I take pride in welcoming the pioneer of Vibrant Gujarat Prime Minister Shri Narendra Modi at Vibrant Gujarat Global Summit 2019," CM Vijay Rupani had said.
12:34 (IST)18 Jan 2019
Fortunate to attend Vibrant Gujarat Summit every year: Gautam Adani
Taking to Twitter, Gautam Adani said, "It's always been an honour to speak at the Vibrant Gujarat Summit and I've been fortunate to attend every summit. This platform has all the defining stamps of our Hon'ble PM's imagination - towering vision, unprecedented scale and a leading role in reshaping India. Jai Hind!"
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Gautam Adani
✔@gautam_adani
https://twitter.com/gautam_adani/status/1086139183926661120
It's always been an honour to speak at @VibrantGujarat and I've been fortunate to attend every summit. This platform has all the defining stamps of our Hon'ble PM @narendramodi's imagination - towering vision, unprecedented scale and a leading role in reshaping India. Jai Hind!
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12:27 (IST)18 Jan 2019
Roundtable interaction, Africa Day among other events
Some of the major events during the three-day summit include a ’roundtable interaction’ with the heads of global funds, ‘Africa Day’ and an MSME Convention. “The Africa Day event is a new feature. It will provide a platform for global leaders to discuss opportunities for strategic partnerships, trade and investment between India and Africa,” the chief secretary said. “PM Modi will have a round table with heads of global sovereign wealth funds, pension funds and institutional investors on the inaugural day,” he added.
The Indian business tycoons who are expected to attend the summit include Mukesh Ambani, Uday Kotak, Kumar Mangalam Birla, Gautam Adani, Adi Godrej and Pankaj Patel. (Express photo\/Javed Raja)" id="lbcontentbody" ]
12:18 (IST)18 Jan 2019
The Indian business tycoons who are expected to attend the summit include Mukesh Ambani, Uday Kotak, Kumar Mangalam Birla, Gautam Adani, Adi Godrej and Pankaj Patel. (Express photo/Javed Raja)
12:13 (IST)18 Jan 2019
Business leaders expected at summit
The Indian business tycoons who are expected to attend the summit include Mukesh Ambani, Uday Kotak, Kumar Mangalam Birla, Gautam Adani, Adi Godrej and Pankaj Patel. Chief executive officers and top executives of global companies like BASF, DP World, Suzuki, Vanguard and Maersk would also be present.
12:04 (IST)18 Jan 2019
Must launch campaign against data colonisation: Ambani
parimal dabhi@parimaldabhi
https://twitter.com/parimaldabhi/status/1086149058794844161
We should launch a movement against data colonisation: Mukesh Ambani @IndianExpress
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11:59 (IST)18 Jan 2019
In 10 years, Reliance investment to be doubled in Gujarat: Ambani
While addressing the crowd at the summit, Reliance Industries Limited chairman Mukesh Ambani said, "Our motto is 'India first and within India, Gujarat first'. In the next 10 years, Reliance will double its investment in Gujarat."
11:52 (IST)18 Jan 2019
Australia, Canada among 'Partner Countries'
Fifteen countries including Australia, Canada, France and Japan have agreed to be “partner countries”. “Though US is not there, two of its trade organisations — US-India Strategic Partnership Forum and US-India Business Council — are coming,” Singh said.
11:37 (IST)18 Jan 2019
Over 115 delegations attend Gujarat summit
"Around 115 delegations from other countries will be here for the summit. Over 20,000 delegates and 26,380 companies have already registered for the three-day event and the number may increase,” Gujarat chief secretary J N Singh had said.
Prime Minister Narendra Modi at the inaugural event. (Express photo\/Javed Raja)" id="lbcontentbody" ]
11:26 (IST)18 Jan 2019
Prime Minister Narendra Modi at the inaugural event. (Express photo/Javed Raja)
11:13 (IST)18 Jan 2019
US, UK no longer 'Partner Countries'
Vibrant Gujarat Summits were initiated by Modi in 2003 when he was chief minister to attract investment to the state. Unlike past summits, the United States and United Kingdom won’t be associating themselves with the event as `Partner Countries’ this time.
10:57 (IST)18 Jan 2019
PM Modi greets Uzbekistan President Shavkat Mirziyoyev
PIB India
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https://twitter.com/PIB_India/status/1086131669298339840
PM @narendramodi meeting with the Uzbek @president_uz Shavkat Mirziyoyev on the sidelines of @VibrantGujarat at Mahatma Mandir, Gandhinagar, Gujarat.
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Prime Minister Narendra Modi, who arrived for a two-day visit to Gujarat yesterday, inaugurated the Sardar Vallabhbhai Patel Institute of Medical Sciences and Research (SVP Hospital) that plans to “provide world-class facilities” at “India’s first digital paperless hospital” as part of the curtain raiser of the Vibrant Gujarat Global Summit. The hospital has been built at the cost of Rs 750 crore with Rs 331-crore assistance from the Mukhyamantri Swarnim Yojana. The plan of shifting clinical staff from Ahmedabad Municipal Corporation-run V S Hospital to the SVP Hospital has been witnessing strong opposition from the Congress, V S hospital trustees, civil rights groups, among others, since the last one month.
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Vibrant Gujarat 2019: Adani, Ambani, others line up big investments
While Mukesh Ambani is looking to double Reliance’s investments in Gujarat, Kumar Mangalam Birla has pledged ₹15,000 crore and Gautam Adani ₹55,000 crore towards the state
Last Published: Sat, Jan 19 2019. 05 18 AM IST
Maulik Pathak
Prime Minister Narendra Modi told the Vibrant Gujarat Global Summit that India is poised to be placed among the top 50 countries in ease of doing business by 2020. Photo: Reuters
Top industrialists pledged further investments on Friday after Prime Minister Narendra Modi told the Vibrant Gujarat Global Summit that India is poised to be placed among the top 50 countries in ease of doing business by 2020.
Top executives from companies such as the Tata Group, Reliance Industries, Adani Group, Aditya Birla Group, Russian oil and gas explorer Rosneft and Suzuki Motor Corporation praised Modi government’s performance in the last four-and-a-half years, at the inaugural function of the three-day event in Gandhinagar.
Vibrant Gujarat, a biennial event aimed at drawing investments to the state, is the brainchild of Modi when he was the chief minister of Gujarat. The first edition in 2003 attempted to rekindle investor confidence in a state wracked by a devastating earthquake in 2001 and communal violence in 2002.
“India is now ready for business. In the last four years, we have jumped 65 places of global ranking of ease of doing business. I have asked my team to work harder to ensure India is on the top 50 next years,” Modi said at the inauguration.
Tata Group chairman N. Chandrasekaran said the summit has set an example in India on how to bring different stakeholders together for progress, development and economic growth.
Chandrasekaran praised the Bharatiya Janata Party-led government in the centre and said its accomplishments are enormous, laying a platform to propel India to significant growth for several decades.
“We are in discussion with the state government for significantly increasing our capacity at Tata Chemicals to reach one million tonnes of soda ash and we have an electric vehicle (EV) plant here (at Sanand) and we want to make further investments, not only in building electric vehicles but also in putting lithium ion battery projects here and we will also be investing in producing renewable energy,” Chandrasekaran said.
Reliance Industries Ltd (RIL) chairman Mukesh Ambani, India’s richest man, said the group has invested close to ₹3 trillion in Gujarat and created and catalysed more than a million livelihood opportunities there.
“In comparison to the past decades, Reliance will double this investment and employment numbers over the next 10 years,” Ambani said.
The RIL chairman, who has been attending the Vibrant summits since the first edition in 2003, said that it was very satisfying to see how every other Indian state has followed Gujarat’s transformative template.
Ambani called Modi a visionary leader and said that under his leadership India has become the fastest growing economy in the world.
Meanwhile, the Adani Group aims to invest ₹55,000 crore in the next five years in Gujarat.
“Over the next five years, our investments will include the world’s largest Solar Hybrid Park in Khavda. The anticipated investment is this park is ₹30,000 crore. We also plan to establish a one gigawatt Data Center Park in Mundra, a one million tonne of copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated lithium battery manufacturing complex and expand our photovoltaic manufacturing capabilities. Overall, we anticipate a total of ₹55,000 crore of investment in all these projects,” Adani Group chairman Gautam Adani said.
Modi has fundamentally reshaped India, Adani said, adding that nowhere in recent history has such a massive segment of the population been given the opportunity for upliftment in such a short period of time.
Aditya Birla Group chairman Kumar Mangalam Birla promised an investment of ₹15,000 crore in Gujarat in various sectors. “Gujarat has seen exponential growth without compromising on macroeconomic stability. It’s on the back of the remarkable business-friendly environment that Aditya Birla Group has rapidly increased investments in the state,” said Birla.
Guangda Xiang, founder and chairman of Tsingshan Industry, China, said, “Our first step towards India was in Vibrant Gujarat 2017 when we signed an MoU for setting up a big scale stainless steel complex in Mundra in cooperation with Indian partners. Within one year of signing the MoU we started construction of our first phase project, which will be completed in record time of 14 months.”
Suzuki Motors chief executive officer Toshihiro Suzuki said his company will continue to introduce cutting-edge technologies in India, along with the Make in India concept, and contribute to sustainable mobility solutions.
Didier Casimiro, the global head of downstream for Rosneft, the world’s largest publicly traded oil and gas company, said Vibrant Gujarat has graduated from an investment promotion event to a forum to forge strong relationships.
Rosneft, which holds a majority stake in Nayara Energy that runs a 20 million tonne refinery at Jamnagar, aims to further invest $850 million for expansion in Gujarat, according to Casimiro.
The leaders of five countries—Uzbekistan, Rwanda, Denmark, Czech Republic and Malta—along with industrialists from various sectors and more than 30,000 delegates from India and abroad are taking part in the Vibrant Gujarat event.
Modi said that international institutions such as the World Bank and the International Monetary Fund have shown confidence in India’s economy and the reforms undertaken in recent times. “We have also made ‘Doing Business’ cheaper. The implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient. We have also made ‘Doing Business’ faster through digital processes and single point interfaces,” he said.
https://www.livemint.com/Companies/...meet-Ambani-Adani-Birla-others-line-up-b.html
Vibrant Gujarat Summit: Two Chinese firms to invest Rs 21,400 crore in Dholera SIR
"The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India," said Jai Prakash Shivahare, managing director, Dholera SIR.
Avinash Nair |Gandhinagar |Published: January 19, 2019 9:55:56 am
Vibrant Gujarat Summit: On first day, Rs 7 lakh crore investment promised — who and how much
No Pakistan delegation coming to Vibrant Gujarat Summit, says Vijay Rupani
Patidar outfit to start preparing for global business summit slated for 2020 to create jobs for youth
Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit 2019 in Gandhinagar on Friday. (Express photo: Javed Raja)
Chinese firms on Friday promised to invest Rs 21,400 crore at Dholera Special Investment Region (SIR) in Gujarat in the next three years. Among the projects in which it will invest include an electrical battery plant and a metrorail coach factory.
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Tsingshan Holding Group, a China-based Fortune 100 steelmaker, said that it would to invest USD 3 billion (Rs 21,000 crore) in Dholera SIR. The investment will be made in conjunction with their Indian JV partner Chromeni Steel.
The company is currently involved in setting up of a major stainless steel complex in Mundra in Kutch district. “The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India,” said Jai Prakash Shivahare, managing director, Dholera SIR.
An MOU was also signed between Dholera Industrial City Development Limited (DICDL) and CRRC Nanjing Puzhen Co. Ltd of China for manufacturing of metro rolling Stocks. “The CRRC intends to establish the plant with all required facilities at about of Rs 400 crore and employment generation of about 450 people,” Shivhare added.
Another MOU was signed between Dholera Special Investment Regional Development Authority (DSIRDA) and Torrent Power Limited for creating distribution network within Dholera SIR. Accordingly, a capital expenditure of Rs 1,000 crore is being planned over a period of the next five years to meet the required demand as per the development plan.
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The DSIRDA also signed an MOU with the National Highway Authority of India (NHAI) for the construction of a 100-km expressway between Ahmedabad and Dholera under the Bharatmala programme. Meanwhile, Airports Authority of India will be joining as the majority stakeholder with 51% equity stake in the Dholera airport project. An MoU to this effect was signed with the Government of Gujarat.
Vibrant Gujarat Summit: Two Chinese firms to invest Rs 21,400 crore in Dholera SIR
"The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India," said Jai Prakash Shivahare, managing director, Dholera SIR.
Avinash Nair |Gandhinagar |Published: January 19, 2019 9:55:56 am
Vibrant Gujarat Summit: On first day, Rs 7 lakh crore investment promised — who and how much
No Pakistan delegation coming to Vibrant Gujarat Summit, says Vijay Rupani
Patidar outfit to start preparing for global business summit slated for 2020 to create jobs for youth
Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit 2019 in Gandhinagar on Friday. (Express photo: Javed Raja)
Chinese firms on Friday promised to invest Rs 21,400 crore at Dholera Special Investment Region (SIR) in Gujarat in the next three years. Among the projects in which it will invest include an electrical battery plant and a metrorail coach factory.
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Tsingshan Holding Group, a China-based Fortune 100 steelmaker, said that it would to invest USD 3 billion (Rs 21,000 crore) in Dholera SIR. The investment will be made in conjunction with their Indian JV partner Chromeni Steel.
The company is currently involved in setting up of a major stainless steel complex in Mundra in Kutch district. “The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India,” said Jai Prakash Shivahare, managing director, Dholera SIR.
An MOU was also signed between Dholera Industrial City Development Limited (DICDL) and CRRC Nanjing Puzhen Co. Ltd of China for manufacturing of metro rolling Stocks. “The CRRC intends to establish the plant with all required facilities at about of Rs 400 crore and employment generation of about 450 people,” Shivhare added.
Another MOU was signed between Dholera Special Investment Regional Development Authority (DSIRDA) and Torrent Power Limited for creating distribution network within Dholera SIR. Accordingly, a capital expenditure of Rs 1,000 crore is being planned over a period of the next five years to meet the required demand as per the development plan.
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The DSIRDA also signed an MOU with the National Highway Authority of India (NHAI) for the construction of a 100-km expressway between Ahmedabad and Dholera under the Bharatmala programme. Meanwhile, Airports Authority of India will be joining as the majority stakeholder with 51% equity stake in the Dholera airport project. An MoU to this effect was signed with the Government of Gujarat.
https://indianexpress.com/article/b...invest-rs-21400-crore-in-dholera-sir-5545840/
While Mukesh Ambani is looking to double Reliance’s investments in Gujarat, Kumar Mangalam Birla has pledged ₹15,000 crore and Gautam Adani ₹55,000 crore towards the state
Last Published: Sat, Jan 19 2019. 05 18 AM IST
Maulik Pathak
Prime Minister Narendra Modi told the Vibrant Gujarat Global Summit that India is poised to be placed among the top 50 countries in ease of doing business by 2020. Photo: Reuters
Top industrialists pledged further investments on Friday after Prime Minister Narendra Modi told the Vibrant Gujarat Global Summit that India is poised to be placed among the top 50 countries in ease of doing business by 2020.
Top executives from companies such as the Tata Group, Reliance Industries, Adani Group, Aditya Birla Group, Russian oil and gas explorer Rosneft and Suzuki Motor Corporation praised Modi government’s performance in the last four-and-a-half years, at the inaugural function of the three-day event in Gandhinagar.
Vibrant Gujarat, a biennial event aimed at drawing investments to the state, is the brainchild of Modi when he was the chief minister of Gujarat. The first edition in 2003 attempted to rekindle investor confidence in a state wracked by a devastating earthquake in 2001 and communal violence in 2002.
“India is now ready for business. In the last four years, we have jumped 65 places of global ranking of ease of doing business. I have asked my team to work harder to ensure India is on the top 50 next years,” Modi said at the inauguration.
Tata Group chairman N. Chandrasekaran said the summit has set an example in India on how to bring different stakeholders together for progress, development and economic growth.
Chandrasekaran praised the Bharatiya Janata Party-led government in the centre and said its accomplishments are enormous, laying a platform to propel India to significant growth for several decades.
“We are in discussion with the state government for significantly increasing our capacity at Tata Chemicals to reach one million tonnes of soda ash and we have an electric vehicle (EV) plant here (at Sanand) and we want to make further investments, not only in building electric vehicles but also in putting lithium ion battery projects here and we will also be investing in producing renewable energy,” Chandrasekaran said.
Reliance Industries Ltd (RIL) chairman Mukesh Ambani, India’s richest man, said the group has invested close to ₹3 trillion in Gujarat and created and catalysed more than a million livelihood opportunities there.
“In comparison to the past decades, Reliance will double this investment and employment numbers over the next 10 years,” Ambani said.
The RIL chairman, who has been attending the Vibrant summits since the first edition in 2003, said that it was very satisfying to see how every other Indian state has followed Gujarat’s transformative template.
Ambani called Modi a visionary leader and said that under his leadership India has become the fastest growing economy in the world.
Meanwhile, the Adani Group aims to invest ₹55,000 crore in the next five years in Gujarat.
“Over the next five years, our investments will include the world’s largest Solar Hybrid Park in Khavda. The anticipated investment is this park is ₹30,000 crore. We also plan to establish a one gigawatt Data Center Park in Mundra, a one million tonne of copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated lithium battery manufacturing complex and expand our photovoltaic manufacturing capabilities. Overall, we anticipate a total of ₹55,000 crore of investment in all these projects,” Adani Group chairman Gautam Adani said.
Modi has fundamentally reshaped India, Adani said, adding that nowhere in recent history has such a massive segment of the population been given the opportunity for upliftment in such a short period of time.
Aditya Birla Group chairman Kumar Mangalam Birla promised an investment of ₹15,000 crore in Gujarat in various sectors. “Gujarat has seen exponential growth without compromising on macroeconomic stability. It’s on the back of the remarkable business-friendly environment that Aditya Birla Group has rapidly increased investments in the state,” said Birla.
Guangda Xiang, founder and chairman of Tsingshan Industry, China, said, “Our first step towards India was in Vibrant Gujarat 2017 when we signed an MoU for setting up a big scale stainless steel complex in Mundra in cooperation with Indian partners. Within one year of signing the MoU we started construction of our first phase project, which will be completed in record time of 14 months.”
Suzuki Motors chief executive officer Toshihiro Suzuki said his company will continue to introduce cutting-edge technologies in India, along with the Make in India concept, and contribute to sustainable mobility solutions.
Didier Casimiro, the global head of downstream for Rosneft, the world’s largest publicly traded oil and gas company, said Vibrant Gujarat has graduated from an investment promotion event to a forum to forge strong relationships.
Rosneft, which holds a majority stake in Nayara Energy that runs a 20 million tonne refinery at Jamnagar, aims to further invest $850 million for expansion in Gujarat, according to Casimiro.
The leaders of five countries—Uzbekistan, Rwanda, Denmark, Czech Republic and Malta—along with industrialists from various sectors and more than 30,000 delegates from India and abroad are taking part in the Vibrant Gujarat event.
Modi said that international institutions such as the World Bank and the International Monetary Fund have shown confidence in India’s economy and the reforms undertaken in recent times. “We have also made ‘Doing Business’ cheaper. The implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient. We have also made ‘Doing Business’ faster through digital processes and single point interfaces,” he said.
https://www.livemint.com/Companies/...meet-Ambani-Adani-Birla-others-line-up-b.html
Vibrant Gujarat Summit: Two Chinese firms to invest Rs 21,400 crore in Dholera SIR
"The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India," said Jai Prakash Shivahare, managing director, Dholera SIR.
Avinash Nair |Gandhinagar |Published: January 19, 2019 9:55:56 am
Vibrant Gujarat Summit: On first day, Rs 7 lakh crore investment promised — who and how much
No Pakistan delegation coming to Vibrant Gujarat Summit, says Vijay Rupani
Patidar outfit to start preparing for global business summit slated for 2020 to create jobs for youth
Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit 2019 in Gandhinagar on Friday. (Express photo: Javed Raja)
Chinese firms on Friday promised to invest Rs 21,400 crore at Dholera Special Investment Region (SIR) in Gujarat in the next three years. Among the projects in which it will invest include an electrical battery plant and a metrorail coach factory.
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Tsingshan Holding Group, a China-based Fortune 100 steelmaker, said that it would to invest USD 3 billion (Rs 21,000 crore) in Dholera SIR. The investment will be made in conjunction with their Indian JV partner Chromeni Steel.
The company is currently involved in setting up of a major stainless steel complex in Mundra in Kutch district. “The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India,” said Jai Prakash Shivahare, managing director, Dholera SIR.
An MOU was also signed between Dholera Industrial City Development Limited (DICDL) and CRRC Nanjing Puzhen Co. Ltd of China for manufacturing of metro rolling Stocks. “The CRRC intends to establish the plant with all required facilities at about of Rs 400 crore and employment generation of about 450 people,” Shivhare added.
Another MOU was signed between Dholera Special Investment Regional Development Authority (DSIRDA) and Torrent Power Limited for creating distribution network within Dholera SIR. Accordingly, a capital expenditure of Rs 1,000 crore is being planned over a period of the next five years to meet the required demand as per the development plan.
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The DSIRDA also signed an MOU with the National Highway Authority of India (NHAI) for the construction of a 100-km expressway between Ahmedabad and Dholera under the Bharatmala programme. Meanwhile, Airports Authority of India will be joining as the majority stakeholder with 51% equity stake in the Dholera airport project. An MoU to this effect was signed with the Government of Gujarat.
Vibrant Gujarat Summit: Two Chinese firms to invest Rs 21,400 crore in Dholera SIR
"The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India," said Jai Prakash Shivahare, managing director, Dholera SIR.
Avinash Nair |Gandhinagar |Published: January 19, 2019 9:55:56 am
Vibrant Gujarat Summit: On first day, Rs 7 lakh crore investment promised — who and how much
No Pakistan delegation coming to Vibrant Gujarat Summit, says Vijay Rupani
Patidar outfit to start preparing for global business summit slated for 2020 to create jobs for youth
Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit 2019 in Gandhinagar on Friday. (Express photo: Javed Raja)
Chinese firms on Friday promised to invest Rs 21,400 crore at Dholera Special Investment Region (SIR) in Gujarat in the next three years. Among the projects in which it will invest include an electrical battery plant and a metrorail coach factory.
Advertising
Tsingshan Holding Group, a China-based Fortune 100 steelmaker, said that it would to invest USD 3 billion (Rs 21,000 crore) in Dholera SIR. The investment will be made in conjunction with their Indian JV partner Chromeni Steel.
The company is currently involved in setting up of a major stainless steel complex in Mundra in Kutch district. “The company is an emerging electrical vehicle battery producer and is considering to set up an electrical battery plant in Dholera to cater to the fast developing auto industry in India,” said Jai Prakash Shivahare, managing director, Dholera SIR.
An MOU was also signed between Dholera Industrial City Development Limited (DICDL) and CRRC Nanjing Puzhen Co. Ltd of China for manufacturing of metro rolling Stocks. “The CRRC intends to establish the plant with all required facilities at about of Rs 400 crore and employment generation of about 450 people,” Shivhare added.
Another MOU was signed between Dholera Special Investment Regional Development Authority (DSIRDA) and Torrent Power Limited for creating distribution network within Dholera SIR. Accordingly, a capital expenditure of Rs 1,000 crore is being planned over a period of the next five years to meet the required demand as per the development plan.
Advertising
The DSIRDA also signed an MOU with the National Highway Authority of India (NHAI) for the construction of a 100-km expressway between Ahmedabad and Dholera under the Bharatmala programme. Meanwhile, Airports Authority of India will be joining as the majority stakeholder with 51% equity stake in the Dholera airport project. An MoU to this effect was signed with the Government of Gujarat.
https://indianexpress.com/article/b...invest-rs-21400-crore-in-dholera-sir-5545840/
Viny
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So you are saying a state that had Hindu Muslim Riot in 2002 and that which was governed for 15yrs by Modi is so progressive that they are getting investment from private and public firms in a summit thats more than world economy changer CPEC.
There must be some confusions...this must be some fake or over rated report, probably a media propaganda war.
Post article from some global sources, indian press sells fake news..
There must be some confusions...this must be some fake or over rated report, probably a media propaganda war.
Post article from some global sources, indian press sells fake news..
HariPrasad
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So you are saying a state that had Hindu Muslim Riot in 2002 and that which was governed for 15yrs by Modi is so progressive that they are getting investment from private and public firms in a summit thats more than world economy changer CPEC.
There must be some confusions...this must be some fake or over rated report, probably a media propaganda war.
Post article from some global sources, indian press sells fake news..
Hah Hah Hah Hah Hah Hah Hah Hah Hah Hah Hah Hah Hah Hah Hah Hah!!!!!!!!!!!!!!
only Mukesh is investing 3 lakh crore in Gujarat and over 5 lakh crore in India.
Last edited:
HariPrasad
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PM Modi Visits Maruti Suzuki's Pavilion At The 2019 Vibrant Gujarat Exhibition
PM Modi was briefed about the model of Suzuki's upcoming lithium-ion battery plant in Gujarat.
By CarAndBike Team on Jan 17, 2019 09:07 PM
Maruti Suzuki's MD, Kenichi Ayukawa and Toshihiro Suzuki, President, Suzuki explain the model To PM Modi
Highlights
Electric mobility has been on the government's agenda for quite sometime and Prime Minister Narendra Modi has been showing interest in the development. On his visit to the 2019 Vibrant Gujarat Exhibition, PM Modi also spent time at Maruti Suzuki's pavilion and had a look at the scale model of India's first lithium-ion plant which Suzuki will be setting up at Hansalpur, Gujarat. The Prime Minister was briefed about the model of the upcoming plant by Maruti Suzuki's MD- Kenichi Ayukawa along with Toshihiro Suzuki, President- Suzuki Motor Corporation.
In September 2017, Suzuki had partnered with Toshiba and Denso to lay the foundation for a new lithium-ion battery manufacturing plant in Gujarat and the joint venture will be investing Rs. 1,151 crore to set the production unit in the state. In the JV, Suzuki holds 50 per cent of the stake while Toshiba and Denso account 40 per cent and 10 per cent respectively. The investment will be shared in the ratio of their shareholding.
The lithium-ion batteries will primarily be used in Suzuki's own hybrid and upcoming electric models, however, the joint venture is open to supplying batteries to other automakers as well. The plant is likely to begin operations in FY2021 and it will primarily export batteries. However, the lithium-ion batteries will also replace the lead-acid batteries used in Maruti Suzuki's model line-up in India along with the global models. There is a possibility that Toyota may also use these batteries for its hybrid and electric models such as the Toyota Prius and Camry Hybrid. Toyota and Suzuki also have a separate JV where both companies will be cross-badging their models. Maruti Suzuki will be supplying the Baleno and Vitara Brezza to Toyota which Toyota will retail through its own dealerships while Toyota will give the Corolla Altis to Maruti Suzuki.
The electric WagonR could be the first model to get the lithium-ion batteries from the Gujarat plant.
Maruti Suzuki had already flagged-off the trial run of its electric Wagon R hatchbacks in India earlier in 2018 and it will be the first model to use these batteries. Hybrid models like Maruti Suzuki Ciaz and Ertiga will also be fitted with the batteries rolled out of this plant. Moreover, Maruti Suzuki will also invest additional Rs. 3,800 crores in the same facility to set up its third car plant in the country.
https://auto.ndtv.com/news/pm-modi-...t-the-2019-vibrant-gujarat-exhibition-1979350
PM Modi was briefed about the model of Suzuki's upcoming lithium-ion battery plant in Gujarat.
By CarAndBike Team on Jan 17, 2019 09:07 PM
Maruti Suzuki's MD, Kenichi Ayukawa and Toshihiro Suzuki, President, Suzuki explain the model To PM Modi
Highlights
- PM Modi visited Maruti's pavilion at the 2019 Vibrant Gujarat Exhibition.
- PM Modi looked into the model of the upcoming lithium-ion battery plant.
- Maruti Suzuki's MD, Kenichi Ayukawa briefed PM Modi about the model.
Electric mobility has been on the government's agenda for quite sometime and Prime Minister Narendra Modi has been showing interest in the development. On his visit to the 2019 Vibrant Gujarat Exhibition, PM Modi also spent time at Maruti Suzuki's pavilion and had a look at the scale model of India's first lithium-ion plant which Suzuki will be setting up at Hansalpur, Gujarat. The Prime Minister was briefed about the model of the upcoming plant by Maruti Suzuki's MD- Kenichi Ayukawa along with Toshihiro Suzuki, President- Suzuki Motor Corporation.
In September 2017, Suzuki had partnered with Toshiba and Denso to lay the foundation for a new lithium-ion battery manufacturing plant in Gujarat and the joint venture will be investing Rs. 1,151 crore to set the production unit in the state. In the JV, Suzuki holds 50 per cent of the stake while Toshiba and Denso account 40 per cent and 10 per cent respectively. The investment will be shared in the ratio of their shareholding.
The lithium-ion batteries will primarily be used in Suzuki's own hybrid and upcoming electric models, however, the joint venture is open to supplying batteries to other automakers as well. The plant is likely to begin operations in FY2021 and it will primarily export batteries. However, the lithium-ion batteries will also replace the lead-acid batteries used in Maruti Suzuki's model line-up in India along with the global models. There is a possibility that Toyota may also use these batteries for its hybrid and electric models such as the Toyota Prius and Camry Hybrid. Toyota and Suzuki also have a separate JV where both companies will be cross-badging their models. Maruti Suzuki will be supplying the Baleno and Vitara Brezza to Toyota which Toyota will retail through its own dealerships while Toyota will give the Corolla Altis to Maruti Suzuki.
Maruti Suzuki had already flagged-off the trial run of its electric Wagon R hatchbacks in India earlier in 2018 and it will be the first model to use these batteries. Hybrid models like Maruti Suzuki Ciaz and Ertiga will also be fitted with the batteries rolled out of this plant. Moreover, Maruti Suzuki will also invest additional Rs. 3,800 crores in the same facility to set up its third car plant in the country.
https://auto.ndtv.com/news/pm-modi-...t-the-2019-vibrant-gujarat-exhibition-1979350
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