Edited by Deepali Verma
Dutch and Singapore firms have announced $7.19 billion in investments in Bharat during an investors’ summit in Prime Minister Narendra Modi’s home state of Gujarat, months before a national election.
Modi is supposed to address thousands of investors on January 10 at the start of the three-day Vibrant Gujarat Global Summit where participants include business leaders, chief executives and diplomats from 133 countries.
The summit marks Modi’s last major investment summit taking place before the elections, in which he will fight for a third term and is widely expected to win.
Posters of Modi were displayed all across Ahmedabad, the largest city of Gujarat, along with those of UAE President Sheikh Mohammed bin Zayed al-Nahyan who arrived in the state on a visit ahead of the event.
Singapore’s High Commission in India made a post on X that the country’s delegation will announce 270 billion rupees ($3.25 billion) of investments at the summit.
On January 8, Amlan Bora, the chief India representative of the Netherlands Business Support Office, informed the ANI news agency that the Dutch delegation, including the Dutch companies, will pool a total investment of 3.6 billion euros ($3.94 billion) in Gujarat and other Bharatiya states at the summit. ($1 = 0.9137 euros) ($1 = 83.0970 Bharatiya rupees).
