Page 33 - Gujarat

Maruti in discussion with Gujarat for land parcel for new plant: Bhargava

Maruti Suzuki India Chairman RC Bhargava on Wednesday said the company is in discussion with the Gujarat government to get the appropriate land parcel for its second plant to be set up at an investment of Rs 35,000 crore. The country's largest carmaker plans to produce 10 lakh units annually at the new plant as it looks to ramp up annual production capacity to over 40 lakh units by 2030-31. In an interaction with PTI, Bhargava said the auto major has inked an MoU with the Gujarat government for expanding business in the state. "It is like most of these MoUs which are non-binding and subject to the approval of the board. So far, the company board has not considered anything in this regard," Bhargava said. While noting that Gujarat is the preferred state for the new plant, he said the right set of land parcels is needed to set up the new facility. "We, along with vendors, will make an investment of Rs 35,000 crore subject to the availability of the appropriate land because so far, w

130,000 participants from 140 countries registered for Vibrant Gujarat

About 1.3 lakh participants from 140 countries have registered for the 10th edition of Vibrant Gujarat Global Summit, which has also emerged as a forum for discussions on global priorities and concerns, a senior government official said here. VGGS 2024 was inaugurated by Prime Minister Narendra Modi earlier in the day. SJ Haider, additional chief secretary of industries and mines department, said that 35 countries came onboard as partner nations for the three-day VGGS, up from 15 during the event in 2019. Over 125 seminars and conferences have been organised as part of the Vibrant Gujarat summit and the pre-Vibrant events that preceded it, he said. Around 1.3 lakh representatives from 140 countries representing academia and industry have registered themselves as participants for the inaugural event as well as seminars and conferences that are being held as part of the VGGS. This proves how impressive and useful the platform has emerged, the senior IAS officer said. Even the number

Welspun plans to invest Rs 40,000 cr in Gujarat for green hydrogen, ammonia

Diversified group Welspun World on Wednesday pledged Rs 40,000 crore investment to set up green hydrogen and green ammonia ecosystem in Gujarat. The group, through its entity Welspun New Energy Ltd (WNEL), will explore the opportunities for development of green hydrogen projects and its derivatives in the state, according to a statement. "The group is committed to support Gujarat's decarbonisation ambitions with a cumulative investment of over Rs 40,000 crore to build a vibrant green hydrogen and green ammonia ecosystem. Towards this, WNEL today entered into a strategic alliance with Gujarat Pipavav Port Limited (GPPL), promoted by APM Terminals, part of the AP Moller - Maersk Group," it said. WNEL is among the winning bidders under the Solar Energy Corporation of India's (SECI) SIGHT tender, where it has won incentives for 20,000 MTPA of green hydrogen production. It has also received in-principle approval from the Gujarat government for developing renewable energy projects on 20,

LIVE: Eknath Shinde faction is real Shiv Sena, rules Maha speaker

Catch all the latest updates from across the globe here

At Vibrant Gujarat Global Summit, firms unveil big spending plans

At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state

ONGC Videsh incorporates wholly-owned subsidiary in Gujarat's GIFT City

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation, has incorporated a wholly-owned subsidiary OVL Overseas IFSC Ltd in GIFT City, Gujarat. "This GIFT city entity will function as the global treasury centre to cater to the treasury activities of OVL and its 25 subsidiaries (including step-down subsidiaries) spread across 15 countries. "Given the business-friendly regulatory environment in GIFT City, OOIL (OVL Overseas IFSC Ltd) expects to efficiently consolidate funds available with the group in various countries and raise additional funds needed to achieve the ambitious target of producing 40 million tonnes of oil and oil equivalent (MMToe) by 2040 from overseas assets," the company said in a statement. India's first International Financial Services Centre at GIFT City gives options to Indian and overseas multinationals to shift their overseas investments onshore. "OOIL will, thus, act as ONGC Group's gateway to the world for its overseas .

Vibrant Gujarat Global Summit 2024: Here's the list of no-parking zones

Gujarat Police issued notices sharing no parking zones from January 9 to 13, 2024. The security is observed for the security of VVIPs to avoid undesirable incidents

Simmtech preparing for another colocation investment with Micron: CEO Chun

South Korean semiconductor critical parts maker Simmtech is preparing for another colocation investment with Micron, company Global CEO Jeffery Chun said on Wednesday. In his address at the 10th Vibrant Gujarat Global Summit here, he said the company is ready to make "a significant investment in India and create thousands of job opportunities for high skilled talents in the state of Gujarat together with Micron". "The Vibrant Gujarat Global Summit 2024 showcases the global movement of creating a new supply chain network in a fast growing nation like India, and Simmtech as a company from Korea is very proud to be part of this movement to achieve a new milestone, making a prosperous Gujarat or self reliant India supply chain," he said. Chun further said," We are now preparing for another round of colocation investment in India." Following Micron's investment plan in Gujarat, Chun said,"... with the support from the central and state government, we are ready to make a significant ...

Next 25 years are India's 'Amrit Kaal': PM Modi at Vibrant Gujarat Summit

Vibrant Gujarat Summit 2024: Prime Minister Narendra Modi said that the world looks at India as an important pillar of stability

Vibrant Gujarat: India had incredible last decade, says Zerodha's Kamath

Vibrant Gujarat Global Summit: Nikhil Kamath is among the host of entrepreneurs, including business tycoons Gautam Adani and Mukesh Ambani, who addressed Gujarat's key investment summit on Wednesday

Vibrant Gujarat 2024: Tata to soon start new semiconductor factory in state

Vibrant Gujarat Summit: 'Tata Group is about to complete negotiations surrounding semiconductor fab plant in Gujarat,' announced chairman N Chandrasekaran

Czech PM arrives in India to attend Gujarat summit, received by CM Patel

The tenth edition of the Vibrant Gujarat Global Summit will be held from January 10 to 12. The theme for this year's event is 'Gateway to the Future'

USISPF joins Vibrant Gujarat Global Summit as partner organisation

The US-India Strategic Partnership Forum (USISPF) on Tuesday announced its association as a partner organisation with the Vibrant Gujarat Global Summit 2024 from January 10th to 12th, 2024, in Gandhinagar."USISPF is honoured to lead a delegation comprising over 35 Fortune American companies, including Salesforce, Abbott, Blackstone, HSBC, UPS, Micron, Cisco, SHRM, and others. These companies also have plans to increase their investments in Gujarat. The delegation will be led by Lal Karsanbhai, President and CEO of Emerson, and co-led by USISPF President & CEO Dr. Mukesh Aghi," the USIPF stated in an official release.At the summit, the focus areas will include leveraging India's burgeoning momentum in the hi-tech manufacturing space, particularly in avenues of semiconductors and chip manufacturing, as well as critical areas of the energy transition, chemicals and industrial manufacturing, aerospace, and defence."The companies are also eagerly exploring opportunities to build on ..

From Chennai to Davos, it's a flying start for India Inc in New Year

Vibrant Gujarat, which is celebrating 20 years, is hoping to forge a record number of memorandum of understanding this year, surpassing its previous best of 28,360 signed in 2019

Infibeam Avenues signs pact with Gujarat to invest Rs 2,000 crore by 2030

Fintech firm Infibeam Avenues on Tuesday said it has inked a pact with the Gujarat government to invest Rs 2,000 crore in the state by 2030. The company announced the investment plan on the sidelines of the 10th edition of the Vibrant Gujarat Global Summit (VGGS) 2024. Infibeam said the proposed investment will go into its artificial intelligence (AI) hub for developing technology for payments and platforms specifically tailored for retailers. "With this MoU, we aim to fortify our partnership with the Gujarat government, opening up avenues for growth for retailers across the country," Infibeam Avenues Chairman and Managing Director Vishal Mehta said in a statement. Infibeam Avenues has named its AI-Hub located at GIFT city, Gandhinagar, as 'Phronetic.ai.

Mohamed Bin Zayed's arrival very special: PM Modi welcomes UAE President

PM Modi arrived in Ahmedabad on Monday for a two-day visit to inaugurate the 10th edition of Vibrant Gujarat Global Summit 2024 at Gujarat's Mahatma Mandir

Vibrant Gujarat Global Summit 2024: Here are the top 10 highlights

Vibrant Gujarat Global Summit 2024 will take place in Ahmedabad, Gujarat. The event will be held from January 10 to 12. Here are the 10 key highlights

Gujarat has set target to become $500 billion economy by 2026-27: CM Patel

With five per cent of the population, Gujarat contributes over 8.3 per cent to the national GDP

Dutch cos to sign 3.6 bn euros worth investment proposals at Gujarat summit

Dutch firms will sign agreements proposing an investment of 3.6 billion euros in the country at the Vibrant Gujarat Global Summit starting this week, an official said. The summit will be held from January 10-12 in Gandhinagar. This is the fourth time the Netherlands is joining the summit as a partner country, according to Amlan Bora, Chief Representative for India at the Netherlands Business Support Office (NBSO). "This time, 45 companies are joining the Dutch delegation and our total delegation size will be 158 people. Several MoUs will be signed by Dutch companies with multiple ministries and private sectors. "Through this summit platform, we are proposing an investment of 3.6 billion euros in multiple sectors across the country, including in Gujarat," Bora told reporters here. Ambassador of the Netherlands to India Marisa Gerards will head the trade delegation comprising 45 Dutch companies that represent a variety of industries, including agriculture and food processing, mariti

This is what justice feels like: Bilkis Bano after SC verdict on remission

This is what justice feels like, Bilkis Bano said after the Supreme Court on Monday quashed the remission granted to 11 men convicted of raping her and murdering seven members of her family during the 2002 riots in Gujarat. While quashing the Gujarat government's decision to grant remission, the apex court also said the state government's order was "stereotyped" and passed without application of mind. In a statement issued through her lawyer Shobha Gupta, Bano thanked the top court for the verdict and said "today is truly the New Year for me". "I have wept tears of relief. I have smiled for the first time in over a year and half. I have hugged my children. It feels like a stone the size of a mountain has been lifted from my chest, and I can breathe again," Bano said. "This is what justice feels like. I thank the honourable Supreme Court of India for giving me, my children and women everywhere this vindication and hope in the promise of equal justice for all," Bano said. Accusing t