Vibrant Gujarat Summit 2024: N. Chandrasekaran, Chairman of Tata Sons, shared exciting news at the Vibrant Gujarat Global Summit 2024, announcing the company's imminent establishment of a semiconductor fabrication unit in Dholera, Gujarat. The commissioning of this unit is slated to kick off in 2024, as per Chandrasekaran's statement during the summit.

Speaking highly of Gujarat's role as a frontier for progress, Chandrasekaran highlighted Tata's strong commitment to the state, stating, "Gujarat has firmly established itself as a doorway to the future. For the Tata Group, Gujarat holds a special place." He further emphasized recent significant investments made by Tata in expanding their presence within Gujarat.

Specifically, Chandrasekaran pointed out that Sanand has become a central hub for their electric vehicle technology, with ongoing efforts to expand their capacity in the region to meet the rising demand for electric vehicles. Moreover, he unveiled plans for the construction of a colossal giga factory geared towards producing 20 gigawatts of lithium-ion batteries in Sanand. This ambitious project is set to commence construction in the coming months, promising a substantial leap in Tata's endeavors within Gujarat.

Mukesh Ambani, Gautam Adani, Natarajan Chandrasekaran, and other heads of conglomerates pledged investments for industry development and job creation during the Vibrant Gujarat Global Summit. AAP leaders Manish Sisodia and Sanjay Singh were also part of the event.

#WATCH | Vibrant Gujarat Global Summit 2024 | Tata Sons Chairman Natarajan Chandrasekaran says, "The impact of economic development has also resulted in tremendous social development. Gujarat clearly has established itself as the gateway to the future. For the Tata Group, Gujarat… pic.twitter.com/QFnFj8EWLF

— ANI (@ANI) January 10, 2024

At the Vibrant Gujarat summit, Gautam Adani, Chairman of the Adani Group, announced plans to funnel Rs 2 lakh crore ($24 billion) into Gujarat's green and renewable energy sectors within the next five years. This hefty investment is expected to generate approximately 100,000 direct and indirect employment opportunities in the state, as per Adani.
Highlighting the commitments made during the prior summit, Adani revealed that the company had pledged Rs 55,000 crore. Of this amount, over Rs 50,000 crore has already been invested, surpassing their initial target significantly.

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