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Maruti Suzuki, the leading car manufacturer in India, is planning to establish a second manufacturing plant in Gujarat, marking its fifth facility in the country. Prime Minister Narendra Modi met with top global CEOs during the Vibrant Gujarat Summit, aiming to attract investments and stimulate the economy while generating employment opportunities.
Ahead of the inauguration of the Vibrant Gujarat Global Summit on January 10, PM Modi engaged in discussions with executives from Suzuki Motor Corp, Micron Technology, and AP Moller to address industry concerns and explore investment prospects. During the meeting with Toshihiro Suzuki, Representative Director & President of Suzuki Motor Corp, Modi emphasized Maruti Suzuki’s ambition to position India as a strong contender in the global automotive market. The company intends to achieve this through exporting vehicles manufactured in India and implementing international best practices in vehicle scrapping and recycling.
Additionally, Maruti Suzuki is considering the establishment of a second car manufacturing plant in Gujarat, which would become the firm’s fifth facility in the nation. Micron Technology’s President and CEO, Sanjay Mehrotra, also met with PM Modi to discuss the enhancement of the semiconductor manufacturing ecosystem in India. Micron has already commenced the construction of a USD 2.75 billion semiconductor factory in Sanand, near Ahmedabad, which is expected to be operational by December of this year.
Furthermore, PM Modi held talks with Ahmed bin Sulayem, the Group Chairman & CEO of DP World, regarding the company’s plans to expand investment in India. The focus lies in developing sustainable, green, and energy-efficient ports, as well as creating world-class logistic infrastructure. DP World had previously signed an agreement with the Deendayal Port Authority to establish a mega-container terminal at Kandla in Gujarat.
During the Vibrant Gujarat Summit, PM Modi also met with Keith Svendsen, CEO of A.P. Moller, and discussed the expansion plans of the company in the Gujarat International Finance Tec-City (GIFT City). The discussions encompassed the crucial topics of green hydrogen and logistics infrastructure development. Additionally, the Prime Minister had a productive meeting with Professor Iain Martin, Vice Chancellor of Deakin University, where they discussed collaboration between government and academic institutions in the field of cybersecurity.
The Vibrant Gujarat Global Summit, set to take place from January 10 to 12, is expected to attract around 100,000 visitors, including CEOs, business leaders, ministers, and diplomats from 133 countries. Prominent figures like Mukesh Ambani, Gautam Adani, the Tata group chairman, and representatives from Microsoft, Google, and Toyota are anticipated to attend the event, which aims to promote investments in various sectors, including chipmaking, green energy, and electric vehicle manufacturing.
(Source: Newsearay, published on Jan 09, 2024, at 3:47 PM IST)
Prime Minister Narendra Modi recently held a meeting with several prominent CEOs to discuss the production of made-in-India vehicles and the potential of green hydrogen. The meeting aimed to explore ways to boost the manufacturing sector and promote sustainable energy solutions. The CEOs shared their insights and ideas on accelerating the adoption of electric vehicles and enhancing the hydrogen ecosystem in India. This interaction reflects the government’s commitment to promoting indigenous manufacturing and sustainable technologies for a greener future.
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