Vibrant Gujarat Summit 2024: Pioneering Global Success and Innovation in Gems & Jewellery
The 10th edition of the Vibrant Gujarat Global Summit is poised to captivate the world from January 10 to 12, 2024, at the Mahatma Mandir Convention and Exhibition Centre in Gandhinagar, Gujarat, India. Under the theme "Gateway to the Future;" this summit, organized by the Government of Gujarat in collaboration with the Confederation of Indian Industry (CII) and iNDEXTb, promises to be a transformative event for business networking, knowledge sharing, and strategic partnerships, steering towards inclusive growth and sustainable development.
Celebrating 20 Years of Success: A Journey of Evolution
Conceptualized in 2003 under Shri Narendra Modi's visionary leadership, the Vibrant Gujarat Global Summit has become one of the world's premier forums. This edition marks the celebration of "20 Years of Vibrant Gujarat as the Summit of Success," showcasing Gujarat's evolution from an investment magnet to a global leader.
As a prelude to the summit, Ahmedabad will host a program spotlighting Gujarat's remarkable journey. From its inception in 2003 as an investment-focused event, the state has evolved into a global leader in 2024. Curtain raiser events in New Delhi and Mumbai underscore the national and international significance of the summit.
Global Partnerships and Investment Potential
Ahead of the summit, the Gujarat government conducted extensive roadshows across India and internationally, spotlighting the state's investment potential. Major cities and international hubs witnessed these roadshows, positioning Gujarat as an attractive destination for global investors. Partner countries including Japan, Netherlands, Denmark, Nepal, Mozambique, and Morocco underscore the global reach and influence of the event.
Themes and Focus Areas for VGGS 2024
The 10th Vibrant Gujarat Summit zeroes in on key areas crucial for the future, aligning with national priorities and G20 and I2U2 themes. Focus areas include semiconductor, green hydrogen, space technology manufacturing, electric mobility, sustainable manufacturing, renewable energy, and Industry 4.0. Chief Minister Bhupendra Patel reaffirms the state's commitment to realizing Prime Minister Narendra Modi's vision of Aatmanirbhar Bharat and Viksit Bharat @ 2047.
Gujarat's socio-economic snapshot showcases its dynamism, with 43% of the population in urban areas, a GDP per capita of USD 3,944, and a remarkable 17% growth rate in GSDP over the last seven years. Gujarat's contribution to India's GDP stands at a formidable 8.3%, highlighting its economic prowess.
Gems and Jewellery Sector: A Shining Jewel in Gujarat's Economic Crown
Among the diverse focus areas of VGGS 2024, the Gems & Jewellery sector emerges as a standout in Gujarat's economic landscape. Home to the world's largest diamond processing industry, Gujarat commands a 72% share in the global market for processed diamonds. Notably, 8 out of 10 diamonds globally are polished in Gujarat, underscoring the state's dominance in diamond processing.
Surat, a pivotal player in the Gems & Jewellery sector, claims a substantial 65% share in India's Diamond trade. The city is also home to the ambitious Diamond Research & Mercantile (DREAM) City, the world's largest single complex diamond bourse sprawled over 2000 acres. This ambitious project exemplifies Gujarat's dedication to fostering innovation in the Gems & Jewellery sector.
With an 80% share in India's diamond exports, Gujarat's Gems & Jewellery sector plays a pivotal role in the country's global trade. This sector's significance will be spotlighted during the Vibrant Gujarat Global Trade Show 2024, focusing on 'TECHADE and Disruptive Technologies.' This emphasis will span the Champion Services Sector, encompassing Digital India initiatives, emerging technologies, smart infrastructure, and the application of technology in various service sectors.
Conclusion: A Beacon of Success and Innovation
As Gujarat readies itself for the 10th Vibrant Gujarat Global Summit, it stands tall as a beacon of success and innovation. The summit's themes align with global priorities, emphasizing sustainable development, economic growth, and international cooperation. The Gems & Jewellery sector, a sparkling jewel in Gujarat's economic crown, takes center stage, playing a pivotal role in the state's and the nation's global trade landscape.
The Vibrant Gujarat Summit 2024 assures to be a platform where global leaders, policymakers, and industry experts converge to explore opportunities, share knowledge, and foster partnerships. As Gujarat celebrates "20 Years of Vibrant Gujarat as the Summit of Success," it looks not only to its achievements but also sets the stage for a future marked by progress, innovation, and global leadership, making it a truly transformative event for the world to witness.