Gujarat VGGS 2027: Patel holds mega investment talks in New Delhi
Synopsis
Gujarat CM Bhupendra Patel's New Delhi investment blitz ahead of VGGS 2027 brought together Sberbank, LG Energy Solution, Mankind Pharma, GHCL, HIF Global, and AirTrunk in a single day — with proposals ranging from a ₹7,000 crore soda ash complex in Kutch to a USD 7 billion-plus hyperscale data centre at Dholera. The breadth signals Gujarat is pitching VGGS 2027 as a full-spectrum economic summit, not just a manufacturing showcase.
Key Takeaways
Gujarat CM Bhupendra Patel held investment meetings in New Delhi on 31 August as part of the VGGS 2027 curtain-raiser.
GHCL proposed a ₹7,000 crore soda ash complex across 1,000 acres in Mandvi, Kutch .
Mankind Pharma is developing a ₹1,200 crore pharma and biotech facility, with Phase I due by March 2027 .
HIF Global outlined a USD 4 billion green e-methanol plant at Kandla and a USD 7 billion-plus hyperscale data centre at Dholera SIR .
LG Energy Solution discussed a battery-cell manufacturing roadmap with energy-storage capacity of 10–12 GWh .
VGGS 2027 is scheduled for 10–12 January in Gujarat; New Delhi meetings follow Patel's recent outreach to the US and Canada .
Gujarat Chief Minister Bhupendra Patel convened a sweeping round of investment meetings in New Delhi on Monday, 31 August, drawing global and domestic companies to the Vibrant Gujarat Global Summit (VGGS) 2027 curtain-raiser. Discussions spanned battery manufacturing, pharmaceuticals, chemicals, green fuels, hyperscale data centres, and financial services — signalling the breadth of Gujarat's pre-summit outreach.
Key Investment Proposals on the Table
The proposed investments discussed during the day's meetings included a ₹7,000 crore soda ash manufacturing complex in Kutch, a ₹1,200 crore pharmaceutical and biotechnology facility, and a ₹3,000 crore offshore premium business routed through GIFT City. Multi-billion-dollar proposals in green e-methanol and hyperscale data centres also featured prominently.
Company-by-Company Highlights
Patel met representatives of Sberbank India, Russia's largest banking institution, which is reportedly working to establish a presence in Gujarat to deepen financial and trade connectivity between India and Russia. In a post on social media platform X, Patel said discussions also covered digital solutions including smart mobility, urban surveillance, remote-diagnostics healthcare technology, and non-profit skilling programmes for youth.
With Prashant Kumar, Deputy Managing Director of LG Energy Solution, talks centred on a battery-cell manufacturing investment roadmap and large-scale energy-storage solutions of 10–12 GWh. PB Fintech Group President Rajiv Gupta discussed insurance awareness initiatives in Gujarati, an affordable healthcare network targeting 1,000 hospitals, and the group's international business expansion through GIFT City — where it holds ₹3,000 crore in offshore premiums.
Mankind Pharma Promoter and COO Arjun Juneja reviewed progress on the company's upcoming ₹1,200 crore pharmaceutical and biotechnology manufacturing facility in Gujarat, with Phase I scheduled for commissioning by March 2027. Policy continuity and incentives under Gujarat's biotechnology framework were also on the agenda.
GHCL Managing Director R S Jalan presented plans for a world-scale soda ash complex spread across 1,000 acres in Mandvi, Kutch, backed by a ₹7,000 crore outlay. The company is additionally planning a ₹200 crore investment in spinning and weaving at the PM MITRA Mega Textile Park in Gujarat.
HIF Global Director Rajesh Khanna outlined two flagship proposals: a USD 4 billion green e-methanol plant at Kandla and a USD 7 billion-plus, 1 GW hyperscale data centre at Dholera SIR with indigenous technology integration. Data infrastructure discussions continued with AirTrunk Managing Director (Corporate & International) Carly Wishart, whose company is exploring large-scale hyperscale facilities in Gujarat to meet rising demand for cloud and artificial intelligence computing. AirTrunk reportedly appreciated Gujarat's newly launched Viksit Gujarat Data Centre Policy 2026–29, along with the state's power availability, subsea cable connectivity, and renewable-energy integration.
Gujarat–New South Wales Bilateral Talks
On the sidelines, Patel met Chris Minns, Premier of New South Wales, to explore strengthening Gujarat-NSW ties. Discussions covered Australian university campuses in GIFT City, sports exchanges, and potential cooperation in critical minerals and chip processing. Minns expressed enthusiasm for VGGS 2027, with New South Wales expected to send an active delegation.
Context and What Comes Next
The New Delhi curtain-raiser follows Patel's recent investment roadshows in the United States and Canada, underscoring Gujarat's multi-geography pre-summit strategy. VGGS 2027 is scheduled to be held from 10 to 12 January next year. Notably, past editions of the summit have consistently attracted headline investment intent figures in the tens of lakh crore, though actual disbursement and project realisation timelines have varied. The scale and diversity of Monday's meetings suggest the state is positioning VGGS 2027 as a broader economic diplomacy event, not merely a domestic investor conclave.
Point of View
If at all. The inclusion of Dholera SIR projects is notable — the greenfield smart city has been a recurring fixture of VGGS announcements for over a decade with mixed on-ground progress. Whether the Viksit Gujarat Data Centre Policy 2026–29 and the green-fuels pipeline translate into ground-breaking ceremonies before the next election cycle will be the real measure of this curtain-raiser's success.
NationPress
31 Aug 2026
Frequently Asked Questions
What is VGGS 2027 and when will it be held?
The Vibrant Gujarat Global Summit (VGGS) 2027 is a biennial investment and trade summit hosted by the Gujarat government, scheduled from 10 to 12 January 2027. It brings together global companies, governments, and investors to sign investment intent agreements and forge bilateral partnerships with the state.
Which companies met Gujarat CM Bhupendra Patel at the VGGS 2027 curtain-raiser?
Patel met representatives of Sberbank India, LG Energy Solution, PB Fintech, Mankind Pharma, GHCL, HIF Global, and AirTrunk, among others. He also held talks with New South Wales Premier Chris Minns on the sidelines.
What are the largest investment proposals discussed?
The largest proposals include a USD 7 billion-plus hyperscale data centre and a USD 4 billion green e-methanol plant by HIF Global, and a ₹7,000 crore soda ash manufacturing complex by GHCL in Kutch. A ₹1,200 crore pharma and biotech facility by Mankind Pharma is also planned, with Phase I commissioning by March 2027.
What is the Viksit Gujarat Data Centre Policy 2026–29?
It is a state policy launched by Gujarat to attract hyperscale data centre investments, offering incentives tied to power availability, subsea cable access, and renewable-energy integration. AirTrunk and HIF Global both cited the policy as a factor in their Gujarat interest.
Why is Gujarat holding pre-VGGS curtain-raiser events?
The curtain-raisers are designed to advance investment proposals and build partnerships before the main summit in January, giving companies time to finalise terms and commitments. The New Delhi event follows Patel's earlier outreach to the United States and Canada, reflecting a multi-geography investment diplomacy strategy.
