The Gujarat government announced a massive investment boost from the Kutch-Saurashtra Vibrant Gujarat Regional Conference. State spokesperson Jitu Vaghani revealed the details after a cabinet meeting on Friday.
Record-Breaking Investment Commitments
Officials signed Memorandums of Understanding for investments totaling Rs 5.78 lakh crore. These agreements cover 5,492 distinct projects across the region. The state expects these projects to generate approximately 6.26 lakh new employment opportunities for local residents.
District-Wise Investment Breakdown
Kutch district emerged as the top performer in attracting investments. The district secured MoUs for 458 projects with a combined value of Rs 1.25 lakh crore. These projects will create jobs for 48,419 people in Kutch alone.
Bhavnagar district claimed the second position with strong investment figures. It attracted commitments for 306 projects worth Rs 60,000 crore.
Rajkot district witnessed the highest number of project agreements. A total of 2,921 MoUs were signed here with investments reaching Rs 23,000 crore.
Amreli district also participated actively in the investment drive. It secured 62 project agreements with potential investments of Rs 36,000 crore.
Sectoral Focus and Conference Highlights
The power, oil, and gas sectors attracted the largest share of investments. These industries secured potential funding of Rs 4,55,065 crore according to Vaghani's statement.
This conference built upon the success of the inaugural Vibrant Gujarat Regional Conference held in October. That earlier event generated 1,212 MoUs with investments totaling Rs 3.24 lakh crore.
The recent Saurashtra-Kutch summit emphasized several key growth areas. Organizers focused particularly on the blue economy, shipbuilding, ceramics, and green startup initiatives.
Prime Minister's Inauguration and Venue Details
Prime Minister Narendra Modi inaugurated the conference on January 11. The event aimed to transform Rajkot's economic profile beyond its traditional strengths in engineering and auto-parts manufacturing.
Conference organizers positioned Rajkot as a potential gateway to international markets. They hosted the event at Marwadi University's sprawling 55-acre campus.
The venue featured six exhibition domes and a central innovation hall. This setup provided a high-tech platform for showcasing regional development and tourism potential.
