Several global business leaders praised PM Modi’s visionary approach during the global summit.
Arcelor Mittal Chairman Lakshmi Mittal reminisced about his visit to the 20th anniversary of Vibrant Gujarat in September 2023. Praising the Prime Minister’s persistent commitment towards establishing an institutional framework for the Vibrant Gujarat Summit, a mega global event he said that Gujarat, a policy-driven state for years, is significantly contributing to India’s development. The Vibrant Summit, initiated by Prime Minister Narendra Modi’s idea and vision, has now transformed into a global summit.
ArcelorMittal is in the process of establishing a mega steel production project in Hazira, Gujarat. The first phase of the project is scheduled for completion in 2026, with an MoU signed for the subsequent phase. The entire project is expected to be finalized by 2029.
Mittal praised the Prime Minister’s belief in the principle of “One Earth, One Family, One Future” and his efforts to strengthen the ‘voice of the South Global’ worldwide at every international forum. Emphasizing the importance of steel in making the country Atmanirbhar, he recalled the launch of the ArcelorMittal Nippon Steel India Hazira expansion project in 2021, he updated that the first phase of the project will be completed by 2026. He also discussed investing in green sectors like renewable energy and green hydrogen.
President of Suzuki, Toshihiro Suzuki, stated that the automobile industry has come a long way under the leadership of Prime Minister Shri Narendra Modi over the last 10 years, leading to the rise in automobile production in the country. Mr. Suzuki said that India has now become the third-largest automobile market in the world, highlighting the impact of the Prime Minister’s progressive approach to the economic development of the country.
He assured the reduction of greenhouse emissions through the production of ethanol, green hydrogen, and Biogas from cow dung. Additionally, he announced collaboration between Suzuki, the Group National Dairy Development Board, and Banas Dairy in the production of Biogas. Suzuki has commenced the construction of four biogas plants in Gujarat, he added.
Reliance Group Chairman Mukesh Ambani described Vibrant Gujarat today as the world’s most prestigious investment summit, stating that no other summit of this kind has been running continuously for 20 years and growing stronger.
He also expressed that our Prime Minister Shri Narendra Modi deserves applause for his vision and dedication. Crediting the Prime Minister for the transformation of Gujarat, Mukesh Ambani proudly acknowledged the people of Gujarat.
He mentioned that when the Prime Minister speaks, the world not only listens but also applauds.
Elaborating on how the Prime Minister of India turns the impossible into possible – ‘Modi Hai to Mumkin hai,’ he added that the slogan resonates with a global audience. Reliance has invested US$150 billion in the last 10 years to build world-class assets across India, with more than one-third invested in Gujarat alone.
Mukesh Ambani made five promises to Gujarat. First, Reliance will continue to play a leading role in Gujarat’s growth story with significant investments over the next 10 years, especially towards making Gujarat a global leader in green growth.
A 5,000-acre Dhirubhai Ambani Green Energy Giga Complex is being built in Jamnagar, expected to be operational by the second half of 2024. Today, Gujarat is fully 5G-enabled due to the fastest rollout of 5G in the state.
This will make Gujarat a leader in digital data platforms and AI. Reliance Retail will expand its efforts to bring quality products and help millions of farmers and small businesses. He stated that Reliance will make Gujarat a leader in new products and the circular economy.