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’Â
- 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;Â 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 DevvratÂ
Wildlife sanctuaries – Purna Wildlife Sanctuary, Kutch Bustard Sanctuary, Mitiyala Wildlife Sanctuary, Nalsarovar wildlife sanctuary
Festivals – Janmashtami, Bhadra Purnima, Rath Yatra, Modhera Dance Festival
