Prime Minister Narendra Modi on Sunday said India’s political stability, policy continuity and expanding consumer base are creating a compelling investment case, positioning the country—especially Gujarat’s Saurashtra and Kutch regions—as key drivers of future economic growth.
Addressing the Vibrant Gujarat Regional Conference (VGRC) in Rajkot, Modi said that while the global economy is facing uncertainty, India is experiencing “an era of unprecedented certainty” anchored in stable governance and predictable policies. He reiterated that India remains the world’s fastest-growing large economy and is on course to become the third-largest economy globally.
From a business perspective, the Prime Minister highlighted the role of a growing middle class, rising purchasing power and structural reforms in driving growth. “India’s growth revolves around the mantra of ‘Reform, Perform and Transform’,” he said, adding that global experts and institutions continue to remain bullish on India.
Modi underscored India’s sectoral strengths, noting that the country is the world’s largest consumer of mobile data, UPI is the top real-time digital payments platform globally, and India ranks among the top three nations in solar power generation and metro rail networks. “This is the right time for investors from India and the world to seize these opportunities,” he said.
Making a strong pitch for Saurashtra and Kutch, Modi described the regions as emerging anchors of India’s growth and vital to the Aatmanirbhar Bharat mission. He said they are rapidly transforming into market-driven manufacturing hubs with long-term investment visibility. Citing examples, he pointed to Alang in Bhavnagar as the world’s largest ship-breaking yard, Morbi as a global tile manufacturing centre, and the Dholera Special Investment Region as the site of India’s first semiconductor fabrication facility.
“The infrastructure is ready, policies are predictable and the vision is long-term,” Modi said.
The scale of business interest was reflected at the VGRC, with over 1,500 memoranda of understanding (MoUs) expected, participation from more than 110 international buyers from 16 countries, and over 1,800 business meetings planned at the Reverse Buyer Seller Meet. More than 400 exhibitors from sectors such as agro-processing, defence, energy, petrochemicals, ports and logistics are showcasing their offerings.
Industry leaders announced major investment commitments. Karan Adani, Managing Director of Adani Ports & SEZ Ltd, said the Adani Group will invest ₹1.5 lakh crore in Gujarat’s Kutch region over the next five years. The group plans to commission the full 37 GW capacity of its Khavda renewable energy project by 2030 and double Mundra port’s capacity over the next decade.
Welspun World Chairman Balkrishan Goenka outlined fresh investments of ₹5,000 crore in pipeline manufacturing, citing Gujarat as central to the company’s emergence as the world’s largest home textile producer.
Reliance Industries Chairman Mukesh Ambani announced plans to double the company’s investments in Gujarat from ₹3.5 lakh crore to ₹7 lakh crore over the next five years. He said Reliance aims to make Gujarat “India’s AI pioneer,” with Jamnagar developing into a hub for AI-ready data centres and clean energy.
“At Jamnagar, we are building the world’s largest integrated clean energy ecosystem,” Ambani said, spanning solar power, battery storage, green hydrogen and sustainable fuels—investments that he said would generate large-scale employment and long-term economic value for Gujarat and the country.
