Vibrant Gujarat 2024: Ambani praises PM Modi, envisions India as $35 trillion economy by 2047

| Updated: 10 January, 2024 3:39 pm IST

“He (Mukesh Ambani) gave a new direction to Reliance Industries with Jio, technology, and retail,” said Adani.

Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited.

NEW DELHI: On Wednesday, Mukesh Ambani announced that Reliance will forever be associated with Gujarat. During his address at the Vibrant Gujarat Summit, the state’s primary investment event, the second wealthiest person in Asia commended Prime Minister Narendra Modi, acknowledging him as the most accomplished Prime Minister in the history of India.

For the unversed, Modi and Ambani both hail from Gujarat, which is among the wealthiest states in India.

“I have come from the city of the Gateway of India to the gateway of modern India’s growth – Gujarat. I am a proud Gujarati. When foreigners think of a new India, they think of a new Gujarat. How did this transformation happen? Because of one leader, who has emerged as the greatest global leader of our times – PM Modi, the most successful PM in India’s history,” he said.

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Ambani mentioned that approximately 33 per cent of his company’s $150 billion investments in India happened in Gujarat.

“Reliance was, is, and will always remain a Gujarati company. Reliance has invested over $150 billion– Rs 12 lakh crores – in creating world-class assets and capacities across India in the last 10 years, of which more than 1/3rd has been invested in Gujarat alone,” he added.

Mukesh Ambani referred to the Vibrant Gujarat Summit as the foremost global investors’ summit.

“Welcome to Gujarat and the 10th Vibrant Gujarat Summit, recognised as the foremost global investors’ summit. No other summit of this nature has persevered for two decades, consistently growing stronger. This stands as a tribute to PM Modi’s vision and steadfastness,” he remarked.

Narendra Modi initiated the summit during his tenure as the Chief Minister of Gujarat.

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Ambani stated that India’s progress into a $35 trillion economy is unstoppable by any force on earth. He also mentioned that Gujarat’s economy is projected to reach $3 trillion.

“Today, and in today’s India is the best time for young people to enter the economy to innovate and to provide ease of living and ease of earning to hundreds of millions of people. The coming generations will indeed be thankful to Prime Minister Modi for being both a nationalist and an internationalist.

“You have laid a solid foundation for ‘Viksit Bharat’ – India as a fully Developed Nation in Amrit Kaal. No power on earth can stop India from becoming a $35 trillion economy by 2047. And as I see Gujarat alone will become a $3-trillion economy,” Ambani said.