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Gujarat Signs 20 MoUs Totalling Rs 24,185 crore ahead of Vibrant Gujarat Global Summit 2022

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20 MoUs totalling ₹24,185 cr investments

On 22nd November 2021, the Gujarat government signed multiple memorandums of understanding (MoUs) attracting proposed investments of around Rs 24,185 crore as part of the 2022 Vibrant Gujarat Global Summit (VGGS 2022).

  • Prime Minister Narendra Modi will inaugurate the 10th edition of VGGS in Gandhinagar, Gujarat on 10th January 2022.
  • 20 MoUs signed ahead of the VGGS 2022 will collectively generates 36,925 jobs.

About the Event Day of VGGS 2022:

  • The summit will be held on the Central Theme: ‘From Atmanirbhar Gujarat to Atmanirbhar Bharat’ 
  • Government to hold roadshows in the Middle East, Europe under the summit.
  • More than 15 countries are set to participate in the three-day VGGS 2022 event

Significance of the MoU:

i.The MoUs were exchanged between the representatives of the companies and Additional Chief Secretary (Industry and Mines) Rajiv Gupta in the presence of Gujarat CM Bhupendra Patel

ii.The MoUs will be signed every Monday till the launch of VGGS 2022.

Important Memorandum of Understandings (MoUs)

A Total of 20 MoUs has been signed ahead of the VGGS 2022. Some of the MoUs,

Name of the Company Project Place  Proposed Investment (In Crores) Proposed Employment Commencement year
Indo Asia Copper Ltd copper smelter and fertiliser complex Rajula, Amreli district, Gujarat 8,500 3500 2025
Colourtex India Pvt Ltd Dyes and Dyes intermediate Vilayat GIDC, Bharuch district, Gujarat 2000 3500 2023
 

Indian Oil Corporation (IOC)

Capacity augmentation of Kandla Liquefied Petroleum Gas (LPG) import plant;  modernisation and automation of LPG plants and augmenting its retail development; depot-terminal modernisation.  

GIDC Industrial Estate

 

1595.22

 

5760

 

2021-2023

 

Kiri Industries

MDI Complex for manufacturing of Aniline, Nitrobenzene, Nitric Acid, m-Phenylenediamine GIDC, Dahej, Gujarat 2900 1100 2023
Meghmani Group Agro chemicals, speciality chemicals, new pigments project Dahej and Sanand, Gujarat 600 1000 2023
JVRx Assets Management Pvt Ltd Medical equipment, life sciences R&D and manufacturing cluster Ahmedabad, Gujarat 1000 8000 2023
Medical Systems India Pvt Ltd Medical and vaccine cold chain equipment Kutch, Gujarat 100 1790 2023

Note – Few other companies were, Merino Industries (Rs 900 crore) for particle board-cum-furniture and agroforestry; Borosil Renewables (Rs 650 crore) for solar tempered glass; KEI Industries (Rs 700 crore) for electrical cable; and Trafalgar Industries (Rs 650 crore) for industrial paper sacks.

About Gujarat

Governor – Acharya Devvrat 
Wildlife sanctuaries – Purna Wildlife Sanctuary, Kutch Bustard Sanctuary, Mitiyala Wildlife Sanctuary, Nalsarovar wildlife sanctuary
Festivals – Janmashtami, Bhadra Purnima, Rath Yatra, Modhera Dance Festival