Vibrant Gujarat: Knowledge sharing comes first and investments to come later

AHMEDABAD: The Gujarat government on Tuesday entered into a collaboration with heads of states and corporate leaders at the eighth edition of the Vibrant Gujarat investor summit, moving beyond investments and focusing into knowledge sharing.

An MoU was signed between Japan Bank for International Cooperation (JBIC), Gujarat Industries and Mines Department (GIMD), Gujarat Industrial Development Corporation (GIDC), Toyota Tsusho Corporation (TTC) and Toyota Tsusho India Private Limited (TTIPL) to enhance Indo-Japan ties. The state government said other Japanese companies looking at collaboration or investing in Gujarat include The Bank of Tokyo-Mitsubishi UFJ, Ltd and Nihon Technology that is exploring setting up of training Centre for Japanese professionals in Gujarat.

The University of Wollongong will be signing an education MoU with Gujarat Technological University for skill development, agriculture and Smart Cities. Among the Australian companies, apart from the Westpac Bank that has shown keen interest in GIFT-City, OMC international has expressed in investing in the area of Ports Technology. Griffith University has indicated their support in partnering with Gujarat Forensic Science University, while Aurizon, Australia’s largest rail freight company, has expressed interest in services for DMIC.

The Asian Infrastructure Investment Bank is keen on developing these mega projects.

Roquette Riddhi Siddhi, a 100% French Subsidiary owned by Roquette Group based at France, signed a MoU with the state government for their proposed Zero Liquid Discharge project.

Kamaz Motors from Russia is planning to set up a facility in Gujarat, Dmitry Rogozin, Deputy Prime Minister of Russia is said to have conveyed to the state. Many Russian companies are exploring opportunities to invest in defence and aerospace as well, the state government said.