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Major investments at Vibrant Gujarat 2019

Our Bureau | Updated on January 20, 2019 Published on January 18, 2019

Entrance of the Vibrant Gujarat 2019 summit. File Photo   -  The Hindu

Reliance Industries: Chairman Mukesh Ambani announced to double the group's existing investment of about Rs 3 lakh crore in Gujarat over the next 10 years. The company has so far created and catalysed over one million livelihood opportunities in Gujarat. Read the full report on Reliance Industries investment in Gujarat here

Adani Group: Plans to invest total investment of Rs 55,000 crore over the next five years creating direct and indirect jobs for over 50,000 people. The investments will include Rs 30,000 crore for Solar Hybrid Park in Khavda (Kutch), setting up of 1-GW Data Center Park in Mundra, 1 MTPA Copper Smelting and Refining project, a Cement and Clinker manufacturing unit in Lakhpat, an integrated Lithium battery manufacturing complex and expand the existing Photovoltaic manufacturing capabilities. More on Adani Group’s investment announcement here

Torrent Group: Commits Rs 10,000 crore investment in Gujarat over and above the existing investment of Rs 30,000 crore in the State. The fresh investments will be made in the areas of renewable energy, power distribution and city gas distribution. Read more on the investment announcement of Torrent Group

Aditya Birla Group: Chairman Kumar Mangalam Birla committed an investment of Rs 15,000 crore in the State over a period of next 3 years in the areas of chemicals, textiles, mining and green energy. More on the Aditya Birla Group investment here

Tata Group: Tata Group announced expansion plans for its existing soda ash plant to reach 1-million tonnes per annum capacity. Chairman N Chandrasekaran did not divulge the quantum of investment but confirmed about group's plans for Electric Vehicle development. Click here to read more on the Tata’s investment in Gujarat

Nayara Energy: Russian energy major Rosneft announced India's largest FDI for a single project of Nayara Energy at Vadinar refinery which it acquired from Ruias-led Essar Group. D.Casimiro, Global Head of downstream, Rosfeft announced investing US $ 850 million (approx Rs 6000 crore) for the phase-1 expansion of the Vadinar refinery.

Suzuki Motor Corporation: Suzuki Motor Corporation said it will commission its third plant in Gujarat by 2020 and will introduce new hybrid vehicles in India with technical support from Toyota. SMC is making investments in Gujarat on a continuous basis. Read more on the Suzuki Motors Corporation's investment plans in Gujarat here

MSME Sector: According to the figures shared by the government after the conclusion of the three-day global investment summit on Sunday, as many as 21,889 memorandums of understanding (MoUs) were signed by the MSME sector. Read more

(With inputs from agencies)

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Published on January 18, 2019
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