Is Gujarat's Investment Journey a Global Benchmark at Davos?
Synopsis
Key Takeaways
- Over Rs 9 lakh crore in MoUs signed under the Regional Vibrant Gujarat initiative.
- GIFT City has become a recognized global financial hub.
- Gujarat's investment framework emphasizes ease of doing business.
- PM Modi's leadership has been pivotal for Gujarat's development.
- India's representation at Davos reflects growing global confidence.
Davos, Jan 20 (NationPress) The Deputy Chief Minister of Gujarat, Harsh Sanghavi, on Tuesday emphasized the state's remarkable investment-driven growth and its expanding global presence, declaring that Gujarat's developmental trajectory has set a precedent not just for India but for the entire globe.
During his address at the World Economic Forum (WEF) annual gathering in Davos, Sanghavi accentuated how Gujarat’s long-term strategy, anchored in policy consistency and investor trust, is yielding significant outcomes.
He mentioned that under the recently launched Regional Vibrant Gujarat initiative, agreements totaling over Rs 9 lakh crore have been formalized.
“Recently, just as we were gearing up for the World Economic Forum, an MoU worth Rs 40,000 crore was inked with Maruti Suzuki,” he pointed out, highlighting the ongoing vibrancy within Gujarat's investment landscape.
Sanghavi reflected on the initial phases of Gujarat’s global engagement, recalling the leadership of Prime Minister Narendra Modi during his tenure as Gujarat’s Chief Minister.
“When PM Modi unveiled the vision of GIFT City to the world in 2007, it faced skepticism from many self-proclaimed experts. Today, GIFT City has evolved into a global financial and technology center, proving that vision was well-founded,” he stated.
According to Sanghavi, the evolution observed in Gujarat is a reflection of the broader transformation India has experienced under PM Modi’s governance.
“If examined closely, the changes are evident. States like Assam and Jharkhand are now aiming to elevate their global presence,” he added, underscoring that Gujarat's investment narrative remains transparent, consistent, and exemplary.
Sanghavi expressed his appreciation for Prime Minister Modi, noting that he has uplifted the spirits of millions across the nation.
“Gujarat has always held him in high regard for his contributions to the state's progress, but since 2014, the entire nation has embraced him as its Prime Minister,” he remarked.
The Deputy Chief Minister noted that India's participation at the current WEF signifies the rising global confidence in the country.
“At Davos, India has presented its most formidable delegation ever. This speaks volumes about the nation’s economic robustness and international stature,” he added.
Reaffirming Gujarat’s success narrative, Sanghavi stated that the state’s investment framework—rooted in ease of doing business, infrastructure preparedness, and policy consistency—has established a standard.
“Gujarat’s investment narrative is an exemplary model. It illustrates how a clear vision, persistent leadership, and proactive governance can translate intentions into impactful results,” Sanghavi said.
As India aspires to emerge as a leading global economic power, Gujarat’s representation at Davos, according to officials, emphasizes the state’s crucial role in driving the country's growth narrative—continuously drawing in global investors and motivating other states to emulate its success.