Updated on Jan 11, at 2.15 p.m.

Addressing the Vibrant Summit on day one, finance minister Nirmala Sitharaman gave an ambitious roadmap of Indian economy moving further. She said, “India will become the world’s third-largest economy by 2027-28, with its GDP surpassing $5 tn (₹415.09 lakh cr) during that period.”

The estimate that India will be at least a $30 trillion economy by 2047 is a conservative estimate, the finance minister added.

“We are not only aiming to become a $30 trillion economy by 2047, but also aim to ensure inclusive growth,” she explained. She also focused on India’s growing foreign direct investment.

Adding to a number of foreign investment prospectus, DP World chairman and entrepreneur Sultan Ahmed bin Sulayem said that their plan to invest and develop state-of-the-art container terminals at Kandla, Gujarat with a capacity of 20 lakh containers.

Later in the day, the Global FinTech Forum was held at the GIFT City, which was described as ‘convergence of brilliant minds in finance & technology’ by PM Narendra Modi, who also attended it.

Updated on Jan 10, at 3.35 p.m.

The 10th Vibrant Gujarat Global Summit (VGGS) 2024 currently underway at the Mahatma Mandir in the state’s capital, Gandhinagar, was Inaugurated by prime minister Narendra Modi on Jan 10. The two-day summit will be organised under the theme of ‘Gateway to Future’.

34 countries and 16 organisations are part of the summit this year.

PM Modi and chief minister Bhupendra Patel welcomed United Arab Emirates (UAE) president Mohammed bin Zayed Al Nahyan as the chief guest of the summit, along with delegates of companies.

More than 25,000 national and international delegates are to attend the summit, including the top industrialists and business leaders of the country.

Capital investment in semiconductors, airports, finance, banking, and renewable-green energy, among other fields, is expected at this year’s summit.

Notable foreign dignitaries present:

Sultan Ahmed bin Sulayem, UAE

Sanjay Mehrotra, USA

John Tuttle, USA

Toshihiro Suzuki, Japan

Michael Syn, Singapore

Keith Svendsen, Denmark

MA Yusuf Ali, UAE

Lal Karsanbhai, USA

Vivek Lall, USA

Bert den Ouden, The Netherlands

Vladimir Kazbekov, Shanghai

Omar al-Mahrizi, Oman

Erik Solheim, Switzerland

Masahiro Kawai, Asian Development Bank Institute

Piyush Gupta, Singapore

Philip Smith, UK

Professor Ian Martin, Australia

Ritu Arora, Singapore

Edward Knight, USA

Christopher Hessler, USA

Top Indian dignitaries:

Mukesh Ambani, Reliance Industries

N Chandrasekaran, Tata Sons

Baba Kalyani, Bharat Forge

Sanjiv Puri, ITC

Uday Kotak, Kotak Mahindra Bank

Kumar Mangalam Birla, Aditya Birla Group

Dilip Shanghvi, Sun Pharma

Harsh Pati Singhania, JK Paper

Gautam Adani, Adani Group

Lakshmi Mittal, ArcelorMittal

Vijay Shekhar Sharma, PayTM

Sameer Nigam, PhonePe

Pankaj Patel, Zydus

Amit Singhal, Asian Paints

Dinesh Kumar Khara, SBI

Anil Agrawal, Vedanta Group

Venkat N, Capgemini

Sanjay Gupta, Google

Mahendra Nerurkar, Amazon

Swarup Anand Mohanty, Mirae

Hiroshi Ebnina, Nippon Steel

Yoji Taguchi, Mitsubishi Corporation India

Vikram S Kasbekar, Hero Moto Corp

Harsha Agarwal, Emami Group

Tarun Mehta, Ather Energy

Gandhinagar turned into a fortress

The security arrangement for the state capital given the summit has been divided into six zones, which include Mahatma Mandir, Exhibition Centre, GIFT City, Raj Bhavan, road management, and Morcha squad.

A convoy of 7,000 police personnels have been delegated for the summit attendees, which include additional director generals of police (ADGPs), inspector-generals of police (IGPs), and superintendents of police (SPs).

These, including 100 commandos, 21 Morcha squads, 8 quick reaction teams (QRT teams), and 15 bomb detection and disposal squads (BDDS), will be deployed.

An anamorphic projection facility, a visual display of the state’s culture and history, is also being used for the first time in the Mahatma Mandir convention hall at the summit.

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