Vibrant Gujarat Global Summit, which is being led by Chief Minister Bhupendra Patel, is getting a lot of support. The state government recently recognised it as '20 Years Summit of Success' in the presence of Prime Minister Narendra Modi.

The tenth iteration of the Vibrant Gujarat Global Summit, which would establish Gujarat as a benchmark for the Best Destination for Investment, is set for January 2024 under the direction of Prime Minister Narendra Modi.

In the tenth phase of this initiative on October 18, three MoUs worth Rs. 3,000 crore have been inked for investments in textile, engineering, auto and electric vehicle clusters, and industrial park. This will potentially create 9,000 employment opportunities.

According to the MoU that took place on 18th October, engineering and auto industries will invest ₹2,000 crore in Vadodara district in the production of two and three-wheeler electric vehicles by Wardwizard Innovations and Mobility Limited. This unit will become operational in 2024 and will generate 5,000 job opportunities.

A textile park, known as the Rupam Ecogreen Textile Park, will be established in the Mahijada village of Daskroi taluka in Ahmedabad. This park will have an investment of ₹500 crore and is expected to generate around 2,500 job opportunities. It is scheduled to be operational by October 2024.

Furthermore, Pigott Buildcon Private Limited will establish an industrial park with a maximum focus on solar and renewable energy, with an investment of Rs 500 crore.