Gujarat ranks as Bharat’s topmost exporter with a transactional
value of $2 billion, said Prime Minister Narendra Modi. He was addressing an
event to mark 20th anniversary of the Vibrant Gujarat Global Summit in
Ahmedabad.
PM Modi emphasized that the summit transcends branding, symbolizing
a deep-rooted link between him and the 70 million residents of Gujarat.
He said in the near future, defence manufacturing will be a very
big sector, adding that effective policy-making and efficient project
implementation led to growth in investments and employment in textile and
apparel industry in the State.
In the automobile sector, investments rose 9x in contrast to 2001
in the State, with a 12x jump in manufacturing output.
There has been a 75 per cent contribution in Bharat’s dyes and
intermediates manufacturing. The highest share in investment is in agro and
food processing industry in the country with more than 30,000 operational food
processing units.
Over 50 per cent share in medical devices manufacturing and about
80 per cent share in cardiac stents manufacturing is happening.
More than 70 per cent of the world’s diamonds contributing to 80 per
cent Bharat’s diamond exports, and 90 per cent share in the ceramic market of
the country with about 10,000 manufacturing units of ceramic tiles, sanitary
ware and different ceramic products are in the State.
PM remarked Bharat has to become the third largest economy in the
world. He asked the industrialists to focus on sectors which will help in
giving new possibilities to Bharat.
He asked for a discussion to take place in the startup ecosystem,
agri-tech, food processing and Shri Anna.
Talking about the growing need for institutions of financial
cooperation, the Prime Minister commented on the increasing relevance of GiFT
City.
“GIFT City reflects the whole government approach. Here the Centre,
state and IFSC authorities work together to create the best regulatory
environment in the world. We should intensify efforts to make it a globally competitive
financial marketplace,” he remarked.
Agencies
