Vibrant Gujarat Global Summit: Eight MoUs worth Rs 3,265 crore signed in agro-food processing sector
On the second day of the ongoing Vibrant Gujarat Global Summit, as many as eight Memorandum of Understanding (MoUs) worth Rs 3,265 crore were signed in the agro and food processing sector in the presence of Gujarat Agriculture Minister Raghavji Patel.
Among the notable MoUs, Asandas and Sons Pvt. Ltd. at Mehsana are planning to make a significant investment of Rs 1,100 crore. Bhitar Enterprises Pvt. Ltd. is set to invest Rs 500 crore, Tidy Agroceutical Pvt. Ltd. has intentions to invest Rs 400 crore, and Grainspan Nutrients Pvt. Ltd. in Ahmedabad is planning a substantial investment of Rs 375 crore. Sanstar Ltd. at Ahmedabad is also joining in with a notable investment of Rs 300 crore.
Furthermore, J.M. Coconut Products Pvt. Ltd. aims to invest Rs. 300 crore, Mac Patel Foods Pvt. Ltd. in Mehsana plans a Rs. 150 crore investment, and RPA Agriculture Infrastructure and Solutions Pvt. Ltd. is gearing up to invest Rs. 140 crore in Gujarat.
In addition to developments in the agro and food processing sector, the summit witnessed significant announcements in the realm of semiconductor manufacturing.
Tata Sons chairman N Chandrasekharan disclosed plans for a semiconductor fabrication plant in Dholera during the summit, with negotiations expected to conclude later this year.
CEO of Micron Technology Sanjay Mehrotra said that the first phase of the semiconductor assembly and testing facility coming up in Sanand would be operational by early 2025.
Korean tech giant Simmtech also announced plans to establish a cutting-edge semiconductor plant in Sanand, Ahmedabad with an initial investment set at Rs 1,250 crores.
“PM Modi is introducing and leading many industries in India as per the nation’s need. The semiconductor industry, one of them, is a foundational industry. This means making semiconductors will lead the way for other creations. The progress and ecosystem of the first plant of semiconductor in Gujarat was discussed and MoUs were signed,” ANI quoted Union Minister Ashwani Vaishaw as saying.
On Wednesday, Prime Minister Narendra Modi inaugurated the 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar.
The theme of this year’s summit is ‘Gateway to the Future’ and includes the participation of 34 partner countries and 16 partner organizations.
The Summit is also being used as a platform by the Ministry of Development of North-Eastern Region to showcase investment opportunities in the North-Eastern regions.
On the first day, some of the high-value investment proposals included were from Indian companies such as Adani Group, Reliance Industries, Tata Group, and global corporate DP World, among other business conglomerates.
With inputs from agencies
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