Ambani announced investment in Rs cr ten years later
Adani, Birla and Torrent will invest Rs 10
On the first day of the 2019 Vibrant Gujarat summit, top businesses announced huge investment plans in Gujarat, and Reliance chief minister Mukesh Ambani announced investment in the state for the next 10 years 3
"Gujarat is the trustworthy Janmabhoomi and Karmabhoomi.
So far, we have invested in Rs3 lakh crores in Gujarat, creating and promoting more than 1 million livelihood opportunities.
In a speech at the opening meeting of the summit, Ambani announced: "In the next ten years, Reliance will double investment and employment, prime Minister Narendra Modi and top political and business leaders attended the meeting.
Mr Ambani did not elaborate on the investment plan, but said a large portion of the investment would be in the area of telecoms and digital technology.
At the Adani Group chairman, Gautam Adani, said his group would invest 55 rupees in the state in the next few years, Ambani's huge investment plan was announced.
"Over the past five years, we have invested more than 50 rupees in Gujarat and we are further accelerating our investment.
In the next five years, our investment will include the world's largest solar hybrid Park in hafda.
"The park is expected to invest 30 rupees," he announced . ".
"We are also planning to build a 1gw Data Center Park in mondra, a 1 million-ton copper smelting and refining project, it is a cement and clinker integrated lithium battery manufacturing complex Lakhpat to expand photovoltaic manufacturing capacity.
Overall, we expect the total investment in these projects to reach Rs 55, "Adani announced a move into the petrochemical business through Rs16, a joint venture with German chemical giant BASF a day ago.
Kumar Mangalam Birla, chairman of the Aditya Birla Group, described Gujarat as an investment magnet, saying that the group has so far invested 30 rupees in the state and will reinvest several thousand in three years.
"In our main expansion, the Grasim viscose staple fiber plant in Vilayat and the Indian artificial silk viscose filament factory in Veraval.
This will require an investment of Rs 500.
"The investment in expanding the chemical business will be around rupees," he said . ".
Birla said the group will invest Rs 5 K for capacity expansion in Hindalco and Rs800 RS in the mining and mineral sectors as well as solar energy. Ahmedabad-
Torrent Group says it will invest 10 rupees in its energy and gas business.
"So far, we have invested 30 rupees in the state.
Today, we are committed to investing more than Rs in renewable energy, distribution and gas distribution operations, "announced Sudhir Mehta, honorary president of Torrent.
Russian energy giant Rosneft
Essar Oil was bought for $12.
9 billion on 2017, it was announced that it would invest $0. 85 billion in Gujarat.
"Nayara Energy will sign a memorandum of understanding with the Gujarat government to invest $0. 85 billion (about Rs) in the first phase of the expansion plan ), the plan will set up a new refinery and said diditier Casimiro, vice president of petrochemical Russia oil.
N. Chandrasekaran, chairman of Tata Group, said the group plans to invest in lithium-
Make ion batteries in the state and want to improve its soda production capacity.
"Group companies like Tata Chemical and Tata Motors have a very important position here.
We look forward to continuing our investment . "
Today, the dynamic Gujarat Summit has become a truly global event.
This summit has contributed to the confidence building of our enterprises.
It also helps government agencies to build capacity and adopt global best practices, and the prime minister we see Gujarat as a big partner of the Tata Group, where the professional spirit performs best.
We would like to invest further, not only in the manufacture of electric vehicles, but also in the lithium-ion battery project, where the chairman of the Tata group Gujarat is Reliance's Janmabhoomi and Karmabhoomi.
We have invested in Rs cr in Gujarat, creating and promoting more than 1 million livelihood opportunities.
CMD, RelianceMalta is the smallest state in the EU, but like Gujarat, Malta also exceeds its weight in terms of economic contribution.
The prime minister of the Republic of Malta said that Malta is witnessing a new round of interest in Indian enterprises, and I am very proud to attend every dynamic Gujarat summit, and I am proud that, my hometown of Gujarat has inspired the growth story of the new Indian president, one of India's biggest optimists.
As early as 1995, we made China a manufacturing center.
It's India's turn now.
So far, we lack leadership in India.
The situation here has changed.