The Vibrant Gujarat Global Summit takes place each two years.
The Gujarat authorities has launched the Renewable Energy Policy 2023, which can allow the state to supply 50 per cent of its power from renewable sources
As the Gujarat authorities gears up for the Vibrant Gujarat Global Summit in January 2024, six worldwide and eight home roadshows and delegation visits have been undertaken thus far. Through these, the federal government has touched base with over 1,000 firms within the type of one-to-one conferences, spherical desk conferences, and seminars, throughout numerous sectors.
These visits have introduced a chance to the Gujarat authorities to showcase Gujarat’s highway map in contribution to Prime Minister Narendra Modi’s Vision of Viksit Bharat @ 2047 together with inviting them to be a associate on this success story, in keeping with an official assertion.
The delegation visits additionally served as a platform for heads of administration of main firms to interact in constructive discussions about potential collaborations and investments throughout numerous sectors with the Gujarat authorities.
Here are takeaways for inexperienced hydrogen and inexperienced power sector from VGGS Roadshows and Delegation Visits:
Gujarat, which presently contributes about 15 per ent to India’s renewable power capability, is likely one of the quickest-rising renewable power-producing areas.
The authorities of Gujarat has launched the Renewable Energy Policy 2023, which can allow the state to supply 50 per cent of its power from renewable sources, which can additional help in reaching India’s bold goal of lowering carbon emissions by 45 per cent by 2030, in keeping with the assertion.
The Government of Gujarat has additionally introduced a land allotment coverage that provides a number of advantages to firms investing within the state’s inexperienced hydrogen tasks. As per the coverage, firms should meet 50% of their inexperienced hydrogen manufacturing capability inside 5 years of plant commissioning and obtain 100% capability inside eight years.
To obtain these objectives, the Government of Gujarat held a collection of conferences with main Global firms from France, Japan, South Korea, Australia, and Singapore and National Energy & Green hydrogen firms from Mumbai, New Delhi, Kolkata, and Chandigarh. The delegation shared the State’s imaginative and prescient for the inexperienced hydrogen and inexperienced power sector and held discussions on numerous alternatives out there in Gujarat.
The firms which have expressed curiosity in investments caters to numerous sub sectors reminiscent of different fuels manufacturing, fuel/expertise-associated options infrastructure, lithium-ion battery manufacturing, photo voltaic PV modules manufacturing, decarbonization initiatives, and inexperienced hydrogen manufacturing.
Additionally, Danish Maritime firms have additionally expressed their curiosity in procuring inexperienced methanol and inexperienced ethanol from Gujarat ports.
Furthermore, as part of these visits, numerous MoUs have been signed with firms like MeOH Giga Battery (Australia) and Australian Premium Solar Pty Ltd (Australia) to develop Gujarat’s renewable power base. Further, Indian firms like Welspun and Kiri Industries signed MoUs with Lili Navitas (Germany) and Sundronix (Germany) to facilitate the export of Green Hydrogen and Green Ammonia from Gujarat to Europe. Given the massive potential for Green gasoline for delivery, Shakti Group has signed a MoU to speculate Rs 1,000 crore for manufacturing inexperienced methanol, and inexperienced ethanol in Gujarat.
Gujarat’s investor pleasant insurance policies, MoU’s signed within the lead as much as VGGS 2024 and investments attracted within the state thus far are setting the trail for Gujarat to develop into a Global Green Hydrogen Capital.
The Vibrant Gujarat Global Summit takes place each two years.
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