Summits like the Vibrant Gujarat Regional Conference are vital for fostering local ecosystems nationwide and advancing the goals of micro, small, and medium enterprises (MSMEs), industry experts emphasized. Prakram Singh Jadeja, Chairman and Managing Director of Jyoti CNC Automation Limited, highlighted the significance of platforms such as the Vibrant Gujarat Regional Conference in nurturing robust local industrial ecosystems and supporting MSME growth.
Jadeja mentioned that as part of the Viksit Bharat vision, India aims to achieve a $30 trillion economy, with Gujarat expected to contribute $3 trillion towards this objective, underscoring the critical nature of such events. Preeti Patel, Managing Director of Respian Enterprise, lauded the Vibrant Gujarat platform as a valuable industry event that facilitates engagement with the government and enhances policy understanding.
Patel revealed that her company had signed a memorandum of understanding (MoU) during the conference and is in the advanced stages of commencing production. The company’s upcoming factory will focus on manufacturing small defense equipment, having already secured design approvals, Patel informed.
Sanjeev Kumar, Secretary of the Department of Defence Production, Ministry of Defence, noted the active participation of business delegates from Rajkot and across Gujarat at the conference. Discussions centered on anticipated opportunities in the defense sector over the next decade, with plans for further dialogues involving the Gujarat government, the Defence Ministry, and industry bodies in the near future.
Kumar reiterated Prime Minister Narendra Modi’s vision of promoting domestic manufacturing for all products used in the country, expressing confidence in India’s capabilities to realize this objective. Gujarat’s Minister for Science and Technology, Arjun Modhwadia, disclosed that over 5,000 MoUs were inked at the Vibrant Gujarat Regional Conference, with investment commitments totaling Rs 5.78 lakh crore.
Modhwadia highlighted the diverse sectoral representation at the event, emphasizing the vast potential of the region, which encompasses a significant portion of Gujarat’s coastline and land area. He expressed optimism about India’s prospects in the upcoming decade, foreseeing a promising future for the nation.
