Ahmedabad: The Confederation of Indian Industry hosted its Gujarat Annual Session and a high-level conference titled “Gujarat @$1 Trillion Economy” in Ahmedabad on Friday, bringing together policymakers and industry leaders to discuss the state’s future economic roadmap.
Addressing the gathering, Chief Minister Bhupendra Patel expressed confidence that Gujarat is on track to become a $1 trillion economy by 2030, driven by strong policy support and industry partnerships.
Vision Inspired by PM Narendra Modi
The Chief Minister credited Narendra Modi for laying the foundation of Gujarat’s growth model. He said the state is progressing by following the Prime Minister’s vision of inclusive and infrastructure-led development.
He recalled that earlier, development was concentrated in the Vapi-Vadodara belt, but strategic investments in water, electricity, and infrastructure expanded growth across the entire state.
Vibrant Gujarat Summit Boosts Global Investment
Highlighting the impact of the Vibrant Gujarat Summit, launched in 2003, Patel said Gujarat has become a preferred destination for global investors.
He cited Micron Technology as an example, noting that global trust in India’s leadership has attracted advanced industries like semiconductors to Gujarat—once considered a distant possibility.
Strong Economic Indicators Across Sectors
The Chief Minister showcased Gujarat’s impressive economic performance:
- Contributes 8% to India’s GDP with just 5% of the population
- Accounts for 17% of India’s manufacturing output
- Contributes 33% to total exports
- Handles 40% of the country’s cargo logistics
Sector-wise leadership includes:
- 33% share in India’s chemical industry
- 19.2% contribution to pharma exports
- 80% share in diamond exports
MSME Growth and Policy-Driven Development
Gujarat has seen massive growth in the MSME sector, with enterprises increasing from 1.85 lakh in 2001-02 to 27.9 lakh today.
CM Patel emphasized that Gujarat is a “policy-driven state,” ensuring transparency and ease of doing business for industries. He added that policies are continuously updated to meet evolving economic needs.
Roadmap for ‘Viksit Bharat 2047’
The Chief Minister said Gujarat has already begun implementing a long-term roadmap aligned with India’s vision of becoming a developed nation by 2047.
He assured industrialists of full government support in achieving the $1 trillion economy target.
Industry Leaders Participate
The event witnessed participation from key industry figures, including Rishikumar Bagla, Premraj Kashyap, Achal Bakeri, and Gurusharan Singh, along with other CII officials and business leaders.
The CII Gujarat Annual Session reinforced the state’s ambition to transition from an industrial powerhouse to a global economic hub. With strong policy backing, infrastructure, and investor confidence, Gujarat is positioning itself as a key driver of India’s economic growth.
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