Industry giants unveil transformative investment plans. From Tata's groundbreaking semiconductor fab to Adani's massive green energy park, the Vibrant Gujarat Global Summit has become a catalyst for monumental projects, promising economic growth and job creation. The 10th Vibrant Gujarat Global Summit, which commenced on January 10, witnessed a flurry of investment pledges and announcements across various sectors. Tata Group, led by Chairman N Chandrasekaran, disclosed plans to establish a significant semiconductor fabrication unit in Gujarat's Dholera, with operations slated to begin in 2024. The two-day summit also saw Adani Group committing a whopping ₹2 trillion ($24 billion) to boost green energy initiatives in Gujarat, adding to the flurry of multi-billion pledges made at the event. Additionally, Maruti Suzuki, Simmtech, and DP World revealed their respective investment plans, highlighting Gujarat's growing stature as an investment hub. Here are some of the top announcements India to be third largest economy by 2027-28, says Nirmala Sitharaman Finance Minister Nirmala Sitharaman said on Wednesday that India will become third largest economy by 2027-28 with more than $5 trillion GDP. She was quoted by PTI as saying, "More than 50 crore Indians have bank accounts at present compared to 15 crore in 2014." She added, "India's economy to be worth USD 30 trillion by 2047." Tata Group to establish semiconductor fab in Gujarat Tata Group Chairman N Chandrasekaran revealed plans to build a large semiconductor fabrication facility (fab) in Gujarat's Dholera. It is expected to commence operations in 2024. The group is in the final stages of negotiations for the plant, marking a significant move into chip manufacturing. Adani's massive investment in Gujarat Gautam Adani announced a staggering investment of 2 trillion rupees ($24 billion) over the next five years in Gujarat. The focus will be on green energy projects, creating 100,000 direct and indirect jobs in the state. Adani Group is developing the "world's largest green energy park" generating 30 gigawatts. Maruti Suzuki's new plant in Gujarat Maruti Suzuki, India's top carmaker, unveiled plans to invest 350 billion rupees ($4.2 billion) in Gujarat. The investment includes building a second car plant and adding a new production line at an existing facility, increasing annual production capacity to 2 million vehicles. Source - Mint