The fifth edition of Vibrant Gujarat summit concluded with the speech of Chief Minister. In his valedictory speech, he spoke about the achievements of the State through the Vibrant Gujarat 2011 Summit. He mentioned that the hallmark feature of this summit has been, being able to forge partnerships not only in the industry space but also in the areas of technology, innovation, academics and in social sectors. He mentioned that this time, the State had focused more on branding the state as a business hub where business and knowledge partnerships are forged, rather than just an investment destination.
In a gradual deviation from previous events, the 5th edition of the summit had been renamed as 'Vibrant Gujarat 2011: The Global Business Hub, as a result of which the event saw participation from many Countries, Indian States and Companies, using the Vibrant Gujarat’s platform, to show case their strengths in various sectors. More than 13 Country and State seminars were organized during the 2 day long summit. These seminars were a great success and all these seminars were able to garner huge participation and investors’ interest. '
The Vibrant Gujarat Summit has become a model for economic success for many states. This event provides a great opportunity to the State to display its strengths, progressive stance, initiatives taken to improve governance, investor friendly climate and art & culture of Gujarat. The event not only gives local players an opportunity to interact with national and international players, but also with top Government officials from various departments and sectors. This event encourages the bureaucracy, and motivates government workers and agencies to work hard and get organized.
During the last summit in January 2009, MoUs worth $240 billion were signed. The last summit had witnessed participation from nearly 45 countries. As against the achievements of the 2009 summit, this Summit had participation from 101 Countries, with over 1400 foreign delegates. About 7,936 memorandums of understanding (MoUs) were signed for Rs. 20,83,000 ($ 450 billion) crore at Vibrant Gujarat Summit 2011. Around 100 tie-ups with leading institutions from across the globe for exchange of knowledge were forged. Another distinct feature of this edition of the summit was the participation of large number of national and international speakers for various seminars and discussions. Over 350 speakers had participated in more than 30 seminars. The event also provided excellent networking opportunities through b2b meeting arrangements, network dinners, buyer seller meets, export pavilions and catalogue shows. This year a state of the art permanent structure “Mahatma Mandir “, was constructed for organizing the summit.
It is clearly evident that Gujarat is definitely poised to become the Global business hub of India, the State of Gujarat has been able to create a very positive impact on international investors and has generated confidence amongst investors, where; Gujarat is now seen as a place where promises are not only kept but also executed in timely manner.
Vibrant Gujarat 2011 succeeded in establishing Gujarat as the most favoured destination of India along with sharing of knowledge and technology from across the world. Participation of different Countries and Indian States who used the platform for showcasing their strength has contributed towards ‘Vibrant Gujarat’ summit transforming itself into the premier business and knowledge summit of the Country.
The Vibrant Gujarat summit has not only been successful in bringing India’s business tycoons like Ratan Tata, Mukesh Ambani, Anil Ambani, Shashi Ruia, GV K Reddy et al., on one podium but also has instilled a sense of pride and confidence amongst the masses and youth of Gujarat. The event has also been successful in creating employment opportunities for people in tourism, handicrafts and knowledge sectors. The summit has been able to put Gujarat’s mark on the Global map and was successful in garnering investments from all over the world.
The event has become an epitome of success for attracting futuristic projects and investments in the State.