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.Key Investment HighlightsNTPC Renewable Energy Limited:
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.
