In preparation for the upcoming biennial Vibrant Gujarat Global Summit, the Indian state of Gujarat has sealed preliminary investment deals totaling 7.17 trillion Indian rupees ($86.07 billion) with 58 companies spanning sectors like energy, oil and gas, and chemicals. Prime Minister Narendra Modi’s home state has been strategically securing these agreements ahead of the summit scheduled from January 10 to January 12 in Gandhinagar.
NTPC Renewable Energy Limited:
Torrent Power:
With NTPC and Torrent Power leading the charge, these strategic investments signal a robust push by Gujarat to attract both foreign and domestic investors. This move is pivotal as Prime Minister Modi aims to bolster investment in the country ahead of the national elections, where he seeks a third term. Last month, the state government had already secured investment agreements amounting to $18.75 billion, setting the stage for a potentially record-breaking summit attendance.
What is the total value of the investment agreements signed by the Gujarat government ahead of the Vibrant Gujarat Global Summit?
In addition to solar projects, what other initiatives are included in Torrent Power’s agreement, and in which cities will these projects be developed?
Please provide your answers in the comment section!!
The Federation of Indian Export Organisations (FIEO) forecasts India's merchandise exports to reach $500-510 billion…
In an effort to combat tax evasion in the pan masala and tobacco sectors, the…
India's internet economy is poised for significant growth, with industry experts predicting it will reach…
The United Nations has revised India's economic growth forecast for 2024, projecting a robust expansion…
China's industrial output grew by 6.7% year-on-year in April, a significant increase from the 4.5%…
Haryana, nestled in the heart of northern India, is a land of cultural richness and…