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<keyword id="6406658" type="UNKNOWN" weightage="20" keywordseo="Vibrant-Gujarat">Vibrant Gujarat</keyword>, the biennial business meet in <keyword id="6354766" type="COMPANY" weightage="100" keywordseo="Gujarat">Gujarat</keyword> has been labelled as the ‘<keyword id="100810" type="COMPANY" weightage="20" keywordseo="Davos">Davos</keyword> of the East’ by the world’s major investors. Under the leadership of <keyword id="6354642" type="PERSON" weightage="100" keywordseo="Modi">Modi</keyword>, during his Chief Ministership, Gujarat has evolved as an investors’ delight. During 2003, when most states of India were riding the IT wave and struggling to find profitability, Modi was calling investors from all over the world and briefing them about ease of doing business in India’s west coast. And he actually did it. 
 Cut to 2017. The 8th edition of Vibrant Gujarat is taking place under a Chief Minister who is just a little more than five months into his job. The erstwhile Chief Minister <keyword id="4057401" type="UNKNOWN" weightage="20" keywordseo="anandbehen-patel">Anandbehen Patel</keyword> had failed in her job to appease Dalits, create more jobs and keep <keyword id="14666" type="ORGANIZATION" weightage="20" keywordseo="BJP">BJP</keyword> president <keyword id="6355521" type="PERSON" weightage="20" keywordseo="Amit-Shah">Amit Shah</keyword> convinced. As Gujarat’s ‘economic expressway’ (as they prefer calling the event) seems to zoom off, you can hear echoing whispers among a few industrialists at the event, how much of the proposed promises have actually been implemented. Gujarat, which topped the World Bank’s ‘Ease of Doing Business’ in India has now lost it to <keyword id="37102" type="COMPANY" weightage="20" keywordseo="Andhra-Pradesh">Andhra Pradesh</keyword> and Telengana. 
 
Experts believe, as Modi has become the Prime Minister, there have been instances of social unrest and political instability that came to the fore. And as the last business summit before the election is underway, investors’ minds are getting impacted. 
 
This edition of Vibrant Gujarat has seen MoUs touch Rs 20 lakh crores. The amount is likely to cross Rs 30 lakh croremark today, according to The Times of India. Among the sectors where companies expressed their intent to invest defence and aerospace, mining and minerals, chemicals, steel, urban infrastructure, petroleum and petrochemicals, renewable energy, automotive, electronics and information technology are noteworthy. 
 While the state government of Gujarat said that conversion rate is clocked at 70%, the opposition party <keyword id="1575" type="ORGANIZATION" weightage="20" keywordseo="Congress">Congress</keyword> claimed the actual to be pegged at not more than 10%. However top business conglomerates <keyword id="4057400" type="UNKNOWN" weightage="20" keywordseo="reliance-and-adani-group">Reliance and Adani Group</keyword> said that they have fulfilled their promises. 
 To believe Gujarat’<keyword id="4057399" type="UNKNOWN" weightage="20" keywordseo="s-directorate-of-economics-and-statistics">s Directorate of Economics and Statistics</keyword>, about 8% have been implemented out of Rs 40 trillion proposed investments. Citing the Socio-Economic Review of Gujarat for 2015-16, The Mint had reported that 57% proposals made between 2003 and last year have been commissioned or implemented. 
 While Gujarat ranked fifth, Maharashtra that doesn’t organize any such summit has attracted the most FDIs, almost 30% of India’s total between 2002-2016, according to <keyword id="29740" type="CITY" weightage="20" keywordseo="Bloomberg">Bloomberg</keyword>. The same media report said, Gujarat is no longer the easiest place to do business any more. 
 However, Modi’s brain child Vibrant Gujarat has seen several other states including <keyword id="6357783" type="CITY" weightage="20" keywordseo="West-Bengal">West Bengal</keyword> and <keyword id="6355588" type="ORGANIZATION" weightage="20" keywordseo="Rajasthan">Rajasthan</keyword> adapt the same concept and get investments. 
 The social unrest in India’s one of the most opulent states is rising. Only a few weeks back, Conveners of <keyword id="2983086" type="UNKNOWN" weightage="20" keywordseo="Patidar-Anamat-Andolan-Samiti">Patidar Anamat Andolan Samiti</keyword> (<keyword id="6406288" type="UNKNOWN" weightage="20" keywordseo="PaaS">PAAS</keyword>), <keyword id="45661" type="CITY" weightage="20" keywordseo="OBC">OBC</keyword> leaders and dalits have threatened to disrupt the summit, if fixed-pay and contractual employees were not made permanent by the state government. So a state, whose Minister of Industries, Mines and Minerals and <keyword id="25455" type="ORGANIZATION" weightage="20" keywordseo="finance">Finance</keyword> department <keyword id="387325" type="PERSON" weightage="20" keywordseo="Rohit-Patel">Rohit Patel</keyword> boasted of ‘minimum labour unrest’ during his speech seems to be getting distracted. 
 
Not just that. A few months ago, Gujarat has witnessed backlash against jobless economic growth that could jeopardise development and BJP’s coming back t power in 2019, reported Bloomberg. 
 
This season of Vibrant Gujarat seemed to be relying largely on the previous editions of success. Most state ministers thanked Modi immensely for this summit, while avoiding media question of how much implementation has happened. What they offered are figures of investments and not facts about implementation.

Is Vibrant Gujarat losing its sheen
and surviving on the past glory of Modi days in Gujarat?

Billionaire <keyword id="19916798" type="General" weightage="20" keywordseo="mukesh-ambani" source="keywords">Mukesh Ambani</keyword> on Wednesday said his company <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> will set up India's first and world-class carbon fibre facility at <keyword id="20065225" type="General" weightage="20" keywordseo="hazira" source="keywords">Hazira</keyword>. Speaking at the Vibrant <keyword id="19906863" type="General" weightage="20" keywordseo="gujarat" source="keywords">Gujarat</keyword> Summit here, Ambani said Reliance was, is, and will always remain a Gujarati company. "Reliance has invested over USD 150 billion (12 lakh crore) in creating world-class assets and capacities across India in last just 10 years. Of this, more than one third has been invested in Gujarat alone," he said. He said Reliance will contribute to making Gujarat a global leader in green growth. "We will help Gujarat's target to meet half of its energy needs through renewables by 2030." Reliance started building the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar. This will generate a large number of green jobs and enable production of green products and materials that will make Gujarat the leading exporter of such goods and the company is ready to roll this out in the second half of 2024 itself, he said. Reliance Jio completed the fastest roll-out of 5G infrastructure anywhere in the world. For India's bid for 2036 Olympics, Reliance and Reliance Foundation will join forces with several other partners in Gujarat to improve the education, sports and skills infrastructure that will nurture the champions of tomorrow in various Olympics sports, he said. "No power on earth can stop India from becoming a 35 trillion-dollar economy by 2047. And I see Gujarat alone will become a 3-trillion dollar economy by then," he added.

Reliance to set up carbon fibre facility in Gujarat as Ambani promises 'green growth'

The <keyword id="459514" type="UNKNOWN" weightage="20" keywordseo="Vibrant-Gujarat-Global-Summit">Vibrant Gujarat Global Summit</keyword>, which is scheduled to be held in January 2017, is going to highlight '<keyword id="3653902" type="UNKNOWN" weightage="20" keywordseo="Make-in-Gujarat">Make in Gujarat</keyword>' and lure investors, ditching any possibility to political stir. As the state goes to polls next year, the biennial investors' summit will present the state as an ‘engine of India's incredible growth story under <keyword id="6354814" type="UNKNOWN" weightage="20" keywordseo="prime-minister-Narendra-Modi">Prime Minister Narendra Modi</keyword>’. 
 Preparations have already begun for the summit, which will be held January 10-13. <keyword id="6435171" type="COMPANY" weightage="20" keywordseo="bureaucrats">Bureaucrats</keyword> from <keyword id="6354766" type="COMPANY" weightage="20" keywordseo="Gujarat">Gujarat</keyword> are already going around the world, meeting investors in 23 countries to attract investment in aerospace, defense, petrochemicals and food processing under a more liberal FDI policy announced this year. The summit is also likely to have an interactive session of investors with <keyword id="6354642" type="PERSON" weightage="20" keywordseo="Modi">Modi</keyword>. 
 "The business policy announced in May, offering several incentives such as capital subsidy, interest subsidy, <keyword id="771283" type="UNKNOWN" weightage="20" keywordseo="VAT-reimbursement">VAT reimbursement</keyword>, freight subsidy and power tariff incentive, is expected to attract potential investors," a senior official, who did not wish to be identified, told ET. 
 
The summit will cover seminars regarding ease of doing business, public-private partnership in infrastructure and urban development, international development finance, innovation, startups and entrepreneurship, and smart villages. 
 It will also have a Nobel laureates' me in which more than 10 <keyword id="52659" type="ORGANIZATION" weightage="20" keywordseo="nobel-prize">Nobel Prize</keyword> winners from science are expected to participate. A fashion show on khadi and handlooms will be part of the event too. 
 
As per the officials, the delegates touring the world will be bringing the recent policy interventions of the NDA government and state government in Gujarat into the light. 
 "Our roadshows in both India and Canada have evoked a lot of interest among investors. They are keen to come to India. This will create opportunities for our youth," said <keyword id="2256559" type="PERSON" weightage="20" keywordseo="Bharat-Lal">Bharat Lal</keyword>, Gujarat government's Delhi-based resident commissioner. "The focus this time is not just on attracting the best investment but also bringing good technology to India," <keyword id="193875" type="PERSON" weightage="20" keywordseo="Vijay-Rupani">Vijay Rupani</keyword> told ET. 
 
According to officials, bureaucrats that are on the tour to find sponsors, have met head of several fortune 500 companies till now. New areas like waste management, pension funds and energy are attracting the investors. 
 
"The 'Make in India' initiative has seen a large number of small industrial units come up, and under this Gujarat has received close to Rs 85,132 crore of investment under 'Make in India'. Gujarat is next only to Maharashtra in the number of IEMs (industrial entrepreneurial memorandums) and next only to Karnataka in the amount of investment," an official told ET. 
 
Another official said that 100% FDI is permissible in the chemicals sector in India and manufacturing of most chemical products is de-licensed in Gujarat. "This is helping us attract a lot of companies in the chemicals and petrochemicals sector," he said. 
 
"Gujarat has received 22 licences out of 121 for defence equipment manufacturing in the past 18 months - the highest in India. Also, the country's first aviation park is to come up in Gujarat to serve as a one-stop destination for aerospace," he further added. 
 
(image: indiainsider)

BJP to focus on ‘Make in Gujarat’ during mega Vibrant Gujarat Summit
with one eye on polls.

<keyword id="19924335" type="General" weightage="20" keywordseo="tata-group" source="keywords">Tata Group</keyword> is planning to build a huge semiconductor fab plant in <keyword id="19906863" type="General" weightage="20" keywordseo="gujarat" source="keywords">Gujarat</keyword>'s <keyword id="20006005" type="General" weightage="20" keywordseo="dholera" source="keywords">Dholera</keyword>, and it will begin operations in 2024 itself, Chairman N <keyword id="20015665" type="General" weightage="20" keywordseo="chandrasekaran" source="keywords">Chandrasekaran</keyword> said on Wednesday. He said the salt-to-software group is in the final stages of negotiations for the plant. "Tata Group has also made a commitment, and is on the verge of concluding and announcing a huge semiconductor fab in Dholera, and we are about to complete these negotiations and start in 2024," Chandrasekaran said at the 10th <keyword id="19916472" type="General" weightage="100" keywordseo="vibrant-gujarat-global-summit" source="keywords">Vibrant Gujarat Global Summit</keyword> here. The chairman also said the group will begin construction of a 20 gigawatt lithium ion storage battery factory in the state's Sanand city in the next two months. Chandrasekaran said in the recent past, the group has made a "significant commitment" to expand its presence in Sanand, which, he said is becoming a home for all of the group's electric vehicle technology. The expansion in Sanand has been undertaken to meet the growing demand for EVs, he added. Apart from that, the group is also building the C295 defence aircraft in Vadodara initially and will later start manufacturing it at Dholera, Chandrasekaran said. First phase of the Indian Institute of Skills being constructed in partnership with the central and state governments will be launched by March 2024 in the state, he said. "We see Gujarat as a very very important destination, not only for business growth but for the future advanced technology industries that India is looking to grow in," he said. At present, 21 companies from the group are present in the state and employ over 50,000 people, the chairman said, stating that the group has been closely linked to the state because of its founder's hometown being Navsari. He said the "steady and spectacular" progress in Gujarat demonstrates the visionary leadership of Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword>, who started the event two decades ago. Chandrasekaran said the economic benefits which have accrued to the state have also had a tremendous impact on social development. He described Gujarat as a "gateway to the future" because of its strengths.

Vibrant Gujarat Summit: Tata Group to build semiconductor fabrication plant in Dholera

Is India on the threshold of becoming the world’s most digitized economy? 
 
Yes, if we go by <a href="http://www.businessinsider.in/searchresult.cms?query=Narendra+Modi&amp;sortorder=effectivedate">Prime Minister Narendra </a><a href="http://www.businessinsider.in/searchresult.cms?query=Narendra+Modi&amp;sortorder=effectivedate">Modi</a>’s speech at the <a href="http://www.businessinsider.in/searchresult.cms?query=vibrant+gujarat&amp;sortorder=effectivedate">Vibrant Gujarat Global Summit</a> at Gandhinagar on Tuesday. 
 “Believe me, we are on a threshold of becoming the world’s most <keyword id="3472648" type="UNKNOWN" weightage="20" keywordseo="digitised-economy">digitised economy</keyword>,” said PM Modi as he explained his vision to bring a paradigm shift in his government’s policies and economy using technology. 
 
There is no doubt that post November 8, <a href="http://www.businessinsider.in/searchresult.cms?query=demonetisation&amp;sortorder=effectivedate">demonetisation</a> has forced more Indians to use technology to accomplish their financial transactions. 
 
But in a country of over 1.25 billion people, will that be enough to make it the most <a href="http://www.businessinsider.in/searchresult.cms?query=digitisation&amp;sortorder=effectivedate">digitized economy</a>? If yes, how long will it take? 
 
The World Economic Forum’s Network Readiness Index that ranks countries on their performance in the digital world, released in July 2016, placed India at the 91st position out of 140 countries worldwide. This was a slip of 2 positions from the previous year with the drop being attributed in part to the fact that other countries are moving ahead at higher speeds. 
 
 
 
Singapore took the top position followed by Finland, Sweden, Norway and United States. 
 
Interestingly, the report also revealed that among the major emerging markets, India is ranked the lowest. The best among emerging markets is Russia at 41st rank, followed by China at 59th, South Africa at 65th and Brazil at the 72nd position. 
 
The report points out that despite improvements in its political and regulatory environment (78th, up four) and business and innovation environment (110th, up five), lack of infrastructure (114th) and low levels of skills among the population (101st) remain the key bottlenecks to widespread ICT adoption, especially in terms of individual usage (120th). 
 
Calling mobile broadband a privilege of the few, with only 5.5 subscriptions for every 100 people, the study shows that only 15 out of 100 households have access to the Internet in India. 
 While the report lauded ‘<keyword id="1929810" type="UNKNOWN" weightage="20" keywordseo="Digital-India">Digital India</keyword>’ for aiming to bridge this gap, it also said that India’s performance in terms of providing online services and allowing e-participation is far from the global best though in line with peer countries. 
 
Also on the key parameter of government usage of digital policies and the number of government services they provide online, India has shown a small decline in its score from 4.55 in 2013 to 4.1 in 2016, with 1 being the lowest and 7 being the best. 
 
The Indian government under Narendra Modi has also made substantial noise on being digitally savvy. But it features nowhere among the ten most tech-savvy governments. 
 
There are other studies also that reveal India’s inadequate infrastructure – a major roadblock to large scale digitisation. The ICT Development Index (IDI) that helps to monitor and compare developments in Information and Communication Technology (ICT) ranked India at 138 out of 175 countries, a fall of 3 positions from 2015. 
 
 
Even here, among the emerging economies, Brazil, Russia, South Africa and China are ranked within the top 100 countries, making it clear that India has a long way to go. 
 
So in light of how we rank globally, how long can this ‘threshold’ be for becoming the world’s most digitized economy. Maybe PM Modi has borrowed the phrase from the world’s richest man Bill Gates. 
 Gates was in India in the second week of November, much after <keyword id="3315394" type="UNKNOWN" weightage="20" keywordseo="demonetisation">demonetisation</keyword> was announced. Calling ‘demonetisation’ a bold move, the founder of Microsoft and the world’s best known evangelist for using technology to better human life said that “India has great potential to become the most digitized economy globally in mere seven years.” 
 
Gates did not clarify on how he arrived at the seven-year target, neither has Prime Minister Narendra Modi clarified what he meant by ‘threshold’. 
 
Going by the challenges ahead of India, it is safe to assume we still have considerable ground to cover before becoming the most digitized economy of the world. 
 
(This article is authored by Jency Jacob. The article was first published in <a href="http://www.boomlive.in/modi-reproduce-bill-gates-statement-india-becoming-worlds-digitised-economy/">www.boomlive.in</a>)

India to soon become the world’s most digitised economy, says Modi: A FactCheck

<keyword id="20196387" type="General" weightage="20" keywordseo="avaada-group" source="keywords">Avaada Group</keyword> on Monday said it has committed investments worth Rs 40,000 crore for development of 6,000 MW hybrid <keyword id="3418615" type="General" weightage="20" keywordseo="wind-solar" source="Orion">wind-solar</keyword> projects in <keyword id="19906863" type="General" weightage="20" keywordseo="gujarat" source="keywords">Gujarat</keyword>. The agreement was signed in the presence of Gujarat Chief Minister Bhupendrabhai Patel on the sidelines of the Vibrant Gujarat Global Summit 2024 on January 10-12 at Gandhinagar, a company statement said. According to the statement, <keyword id="20197400" type="General" weightage="20" keywordseo="avaada" source="keywords">Avaada</keyword> Group has signed a Memorandum of Understanding (MoU) with the <keyword id="6370685" type="General" weightage="20" keywordseo="gujarat-government" source="Orion">Gujarat government</keyword>. This <keyword id="116175" type="General" weightage="20" keywordseo="strategic-alliance" source="Orion">strategic alliance</keyword> aims to set up hybrid wind-solar projects with an aggregate 6,000 MW (6 GW) capacity in the state with an investment of about Rs 40,000 crore. The group's commitment to green initiatives in Gujarat is underscored by substantial investments in the development of a robust renewable energy ecosystem. The <keyword id="6476394" type="General" weightage="20" keywordseo="hybrid-projects" source="Orion">hybrid projects</keyword>, located in various districts of Gujarat, predominantly in the underdeveloped wastelands of Kutch, will supply power to various utilities of India including GUVNL (Gujarat Urja Vikas Nigam Ltd), and for captive use of Avaada's green hydrogen/ammonia projects. These projects will substantially reduce the carbon emissions and dependability of conventional power sources. With an estimated annual generation of 17.5 billion units of green electricity, this will lead to a reduction of approximately 16.3 million tonnes of CO2 equivalent emissions annually, contributing significantly to India's green energy supply and powering nearly 12.6 million households. Moreover, it will generate 1,200 direct and indirect jobs, thereby contributing to local and regional economic development. "This strategic partnership signifies our unwavering commitment to foster a robust, clean energy ecosystem. Besides the signing of the new 6 GW capacity in the state, we already have projects of 2 GW capacity that are operational or at various stages of implementation in the state of Gujarat," Vineet Mittal, Chairperson of Avaada Group, said in the statement. Avaada Group is into production of solar modules, renewable power generation, and the development of large-scale projects for green hydrogen, green methanol, green ammonia, and sustainable aviation fuel.

Avaada Group to invest Rs 40,000 cr to develop 6 GW hybrid renewable projects in Gujarat

Till two weeks ago, the name Hardik Patel hardly rang any bell. Post the Patidar convention in Gujarat, in just few days, he met political leaders, both from state and national parties. Hardik Patel had arrived on the national scene, big time. 
 The gun-toting 22-year-old youth from Patidar community is now the face of the unrest that has been brewing in Gujarat for quite a while now. The <keyword id="937702" type="UNKNOWN" weightage="100" keywordseo="Patel-community">Patel community</keyword> wants reservation in Other Backward Caste (OBC) category, claiming that their caste has been deprived of the benefits of development in Modi’s Gujarat. 
 In other words, Patidars, who are considered affluent and hold on some major businesses and diamond trade, say they have not tasted the slice of ‘<keyword id="6406658" type="UNKNOWN" weightage="100" keywordseo="Vibrant-Gujarat">vibrant Gujarat</keyword>’. 
 
The huge convention, which took Gujarat by storm, has indicated the most significant tectonic shift in the national politics as well. Analysts and Modi’s detractors are in a hurry to call this a phase where fissures in Modi’s Gujarat have begun to show. 
 But, what most people have refused to see is the fact that this is a politically motivated congregation that has more to do with dissidence than a rightful demand of being included in <keyword id="149006" type="UNKNOWN" weightage="100" keywordseo="OBC-category">OBC category</keyword>. Because, as per the Constitution and the existing provisions, Patidars will never make it to the list. 
 
And this is not for the reason that Gujarat has exhausted its reservation quota allocated to the state, which should not cross 50%; but for the reason that it is a challenge to prove with facts and figures that Patidars are indeed a deprived community. 
 
 Patidars are politically strong, well-connected and are highly influential in Gujarat’s businesses. Till the late 1970s, they supported the Congress party. And during 80s-90s, they shifted their loyalties to the Bharatiya Janata Party and decided to bring about a change. They formed a strong support base for the lotus party and transformed the anger against Congress into strength of the BJP. The success saga then rolled out, and there was no stopping it. At least, not until recently. 
 
The huge popularity of Modi sent the political charts soaring. Gujarat, which has always had a huge influence on Indian politics right from the freedom struggle, created a PM out of Modi and sent him to Delhi projecting Gujarat as the best model that the rest of the country needs to follow. 
 
Now with Maha Kranti Rally, <a href="http://www.businessinsider.in/searchresult.cms?query=Gujarat+">Gujarat</a> seems to have stood at cross-roads again. Were those tall claims of development not true? What is the matter with Patidars who are now demanding their ‘slice’ of <a href="http://www.businessinsider.in/searchresult.cms?query=development">development</a> cake, when they stood mum while the world watched Gujarat turn into a fine example? 
 
Clearly, Hardik is a part of bigger political vendetta against Modi. This is much like a sibling rivalry with one child crying for attention, no sooner does the parent shifts the attention to another baby. It’s a normal phenomenon, and there isn’t anything unnatural about it. 
 
But, understanding the issue in such a simple manner won’t help the situation. Because the Maha Kranti Rally wasn’t anything like that. More than five lakh people came together to demand their OBC status through the rally. Does it mean anything to the state or the Centre? 
 
Yes, it does. Firstly, the claims of depravation undo Modi’s projection of Gujarat. They show him in such poor light that the rest of India will soon begin to get restless and start similar agitations too. How and who funded the rally of five lakh people? It, surely, wasn’t a voluntary act. Hardik, a commerce graduate, who cannot manage much of national branding for himself, extensively travelled the state in the last few years to consolidate people. 
 
JD(U) and <a href="http://www.businessinsider.in/searchresult.cms?query=AAP">AAP</a> have already supported Hardik unconditionally. This wasn’t tip-toeing into a space of dissidence. This gesture was a clear indication to PM Modi that if he did not pay heed to their demands and take them into confidence, such Hardiks can breed all over the country much to his disdain. 
 
India has managed an electoral feat with single party getting the largest majority only last year. Till then, the country was torn in different directions owing to coalition governments and scams. Time was ripe for the gold to be sown and reaped. Just when this was about to happen, Hardik happened and the road ahead looks a bit too hazy to be clear. 
 
(Image: Indiatimes)

The OBC battle set-off by Upward Caste is upsetting apple cart of development

<keyword id="6355315" type="General" weightage="20" keywordseo="elon-musk" source="Orion">Elon Musk</keyword>'s <keyword id="107096" type="General" weightage="20" keywordseo="tesla" source="Orion">Tesla</keyword> may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in <keyword id="6354766" type="General" weightage="20" keywordseo="gujarat" source="Orion">Gujarat</keyword> during the 'Vibrant Gujarat Global Summit' next month. The announcement is likely to be made in the presence of Tesla CEO and Prime Minister <keyword id="6354477" type="General" weightage="20" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> at the flagship event from January 10-12, according to media reports. With its strategic location and favourable business environment, Gujarat has emerged as the "preferred destination for Tesla's manufacturing plans". According to Ahmedabad Mirror, the state government has suggested Sanand, Becharaji and Dholera as the site for Tesla to set up its manufacturing plant. Earlier, Gujarat, Maharashtra and Tamil Nadu were being considered by Tesla to set up its EV plant. Tesla has been engaged in intense negotiations with the Union Government, seeking concessions that would facilitate a smoother entry into the Indian market. Union Commerce Minister Piyush Goyal in November visited Tesla's state-of-the-art manufacturing facility in Fremont, California. Goyal said it was "extremely delighted to see talented Indian engineers and finance professionals working at senior positions and contributing to Tesla's remarkable journey to transform mobility". "Also proud to see the growing importance of auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India. Missed Elon Musk's magnetic presence and I wish him a speedy recovery," the Union Minister posted on X. Musk, had apologised to Goyal for not being able to meet him as he was keeping unwell. "It was an honour to have you visit Tesla! My apologies for not being able to travel to California today, but I look forward to meeting at a future date," Musk replied. Goyal and Musk were scheduled to meet during the Minister's US visit, after the <keyword id="6360701" type="General" weightage="20" keywordseo="spacex" source="Orion">SpaceX</keyword> and X owner met Prime Minister Narendra Modi in the US in June, and revealed he was keen to make significant investments in India. According to earlier reports, the automaker asked the Indian Government for an initial tariff concession that would offset India's steep customs duties of 70 per cent for cars under $40,000 and 100 per cent for cars above $40,000. Tesla had asked for the concession as a condition for constructing a plant in the country. The reduced tariffs would apply to all EV manufacturers. India's EV market has the potential to achieve over 40 per cent penetration with $100 billion revenue by 2030. This growth is expected to be driven by strong adoption (over 45 per cent) in both two-wheeler (2W) and three-wheeler (3W) categories, with four-wheelers (cars) penetration projected to grow to more than 20 per cent, according to a recent report by Bain &amp; Company and Blume Ventures.

Tesla may set up EV plant in Gujarat, Musk likely to visit India next month

<div type="image" msid="56596796" hostid="261"></div>

 
 <keyword id="4058296" type="PERSON" weightage="100" keywordseo="harshwardhan-zala">Harshwardhan Zala</keyword> is a 14-year-old student who isn’t just another teenager figuring out his life. This child prodigy from <keyword id="6354766" type="COMPANY" weightage="100" keywordseo="Gujarat">Gujarat</keyword> has just signed a Memorandum of Understanding (MoU) worth Rs 5 crore with the state government at the Vibrant Gujarat Global Summit, recently. 
 
Harsh, who is a Class 10 student, has designed a smart solution using which drones can not only detect but also diffuse landmines on war fields, saving many lives in the process. 
 
<a href="http://www.businessinsider.in/exclusive-shopclues-predicts-how-the-e-commerce-space-will-turn-out-in-2017/articleshow/56592792.cms">ALSO READ: Exclusive: Shopclues predicts how the E-commerce space will turn out in 2017</a> 
 The teenager has built three prototypes to clinch the deal with the <keyword id="154380" type="ORGANIZATION" weightage="20" keywordseo="department-of-science-and-technology">Department of Science and Technology</keyword> in Gujarat. 
He is very efficient too, as he has spent about Rs. 5 lakh in building his prototypes and has also named his own company, ‎Aerobotics7 Tech Solutions. 
 
The drone solutions that the boy has been working on are outfitted with an infrared sensor, thermal meter and an RGB sensor with a 21-megapixel built-in camera. 
 
<a href="http://www.businessinsider.in/why-e-commerce-companies-focus-on-fashion-to-become-profitable/articleshow/56521828.cms">ALSO READ: Why e-commerce companies focus on fashion to become profitable</a> 
 
During a war, the army can potentially send these drones to survey minefields, pick up the locations of landmines, and submit their findings to the base-station remotely and the drones can also bomb landmines they spot. 
 
He also has very supportive parents that keep encouraging him in his scientific inventions. They spent Rs. 2 lakh to fund his first two prototypes before the government decided to help him. 
 
<a href="http://www.businessinsider.in/exclusive-app-relied-on-by-investors-shows-that-paytm-clearly-lead-the-e-wallets-pack-in-december-2016/articleshow/56519390.cms">ALSO READ: Exclusive: App relied on by investors shows that PayTM clearly lead the e-wallets pack in December 2016</a> 
 With the future looking so bomb, he might just be the innovator that <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword> has been lacking for some time now.

Meet Harshwardhan Zala, aClass 10 student making drones for the Gujarat government

<keyword id="181441" type="General" weightage="20" keywordseo="one97-communications" source="Orion">One97 Communications</keyword> Limited (OCL) that owns the brand <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword>, India's leading payments and financial services company and the pioneer of QR, soundbox and mobile payments, today announced an investment of Rs100 crore in Gujarat International Finance Tec-City (<keyword id="6424024" type="General" weightage="20" keywordseo="gift-city" source="Orion">GIFT City</keyword>) to build a global financial ecosystem, ahead of the Vibrant Gujarat Global Summit 2024, in Gandhinagar. The company will make the investment over a period of time and will seek requisite approvals for the same. With GIFT city as an ideal innovation hub for cross-border activity, Paytm will use its proven capability to innovate and build new <keyword id="6358815" type="General" weightage="20" keywordseo="tech" source="Orion">tech</keyword> for users across the globe looking to invest in India. As the pioneer of real-time payments and settlements in India, the company will replicate its success to now reduce friction in cross-border remittances with faster and cost-effective solutions, driven by Artificial Intelligence. Leveraging its leadership as a tech innovator, Paytm will also set up a development centre in GIFT City to build the above solutions and provide a technology backbone. This centre will create jobs and house engineers to develop a suite of world-class financial products and services. Vijay Shekhar Sharma, founder and CEO, said, "GIFT City is set to become a global financial hub, further putting India on the world map for innovation. The strategic investment in GIFT City represents a pivotal step towards building an Artificial Intelligence-driven cross-border remittance and payments technology landscape, presenting global opportunities. This will enable us to deliver fast, reliable, and cost-effective remittance solutions, reducing friction, at a global scale. We are excited about GIFT City serving as an exemplary innovation hub for cross-border activities, enabling overseas <keyword id="6359051" type="General" weightage="20" keywordseo="investors" source="Orion">investors</keyword> the flexibility to maintain foreign currency accounts. Furthermore, we intend to leverage this investment to establish a dedicated development center." Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm's mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

Paytm to invest Rs 100 Crore in GIFT City; plans to offer AI-driven cross border remittance

India, often referred to as the land of <keyword id="15246" type="General" weightage="20" keywordseo="festivals" source="Orion">festivals</keyword>, boasts a diverse tapestry of celebrations that showcase the rich cultural heritage and traditions of its people. Among the multitude of <keyword id="20672365" type="General" weightage="20" keywordseo="festivals-celebrated-across-the-country" source="Orion">festivals celebrated across the country</keyword>, there are some truly unique ones that stand out for their distinctiveness and regional significance. Let's take a journey through India to explore some of these extraordinary festivals: <keyword id="20672363" type="General" weightage="20" keywordseo="lathmar-holi" source="keywords">Lathmar Holi</keyword> (Vrindavan, Uttar Pradesh) Lathmar Holi is a playful and boisterous festival celebrated in the town of Barsana, Uttar Pradesh. Unlike traditional Holi celebrations where people joyously splash colors on each other, Lathmar Holi has a unique twist. Here, women playfully chase and "beat" men with sticks, reenacting the legendary love story of Lord Krishna and Radha. The festival is marked by laughter, music, and camaraderie, making it a truly memorable experience. <keyword id="86993" type="General" weightage="20" keywordseo="Jallikattu" source="Orion">Jallikattu</keyword> (Tamil Nadu) Jallikattu is an ancient bull-taming sport celebrated primarily in the state of Tamil Nadu during the Pongal festival. Brave participants attempt to tame ferocious bulls by grabbing their humps and horns. The event symbolizes courage and valor and is deeply ingrained in Tamil culture, attracting spectators from far and wide. <keyword id="2741872" type="General" weightage="20" keywordseo="Hemis-Festival" source="Orion">Hemis Festival</keyword> (Ladakh, Jammu and Kashmir) The Hemis Festival is a vibrant Buddhist celebration held annually at the Hemis Monastery in Ladakh. It commemorates the birth anniversary of Guru Padmasambhava, the founder of Tibetan Buddhism. The festival is characterized by colorful masked dances, traditional music performances, and the unveiling of sacred thangkas (religious tapestries), attracting devotees and tourists alike. <keyword id="851515" type="General" weightage="20" keywordseo="Hornbill-Festival" source="Orion">Hornbill Festival</keyword> (Nagaland) The Hornbill Festival is a cultural extravaganza held in Nagaland, showcasing the diverse traditions and customs of the Naga tribes. Named after the Indian hornbill bird, the festival features indigenous music, dance performances, art exhibitions, and culinary delights, providing a glimpse into Naga heritage and way of life. <keyword id="78069" type="General" weightage="20" keywordseo="Rann-Utsav" source="Orion">Rann Utsav</keyword> (Gujarat) Rann Utsav is a vibrant festival celebrated in the vast expanse of the Rann of Kutch in Gujarat. The festival highlights the unique landscape, culture, and craftsmanship of the region, with activities such as camel safaris, cultural performances, handicraft exhibitions, and traditional folk dances, making it a mesmerizing experience for visitors. Rural Olympics (Punjab) The Rural Olympics, also known as the Kila Raipur Sports Festival, is a unique event held in the village of Kila Raipur in Punjab. It showcases traditional rural sports and competitions, including bullock cart races, tractor races, kabaddi matches, and wrestling bouts, attracting participants and spectators from all over the country. <keyword id="44513" type="General" weightage="20" keywordseo="Rath-Yatra" source="Orion">Rath Yatra</keyword> (Odisha) Rath Yatra, celebrated primarily in Puri, Odisha, is a grand procession where massive chariots carry idols of Lord Jagannath, his brother Balabhadra, and sister Subhadra to their temple. It attracts millions of devotees, symbolizing the journey of the deities to visit their aunt's temple. These festivals, each unique in its own right, offer a glimpse into the diverse cultural tapestry of India, bringing together people from different backgrounds to celebrate and rejoice in the spirit of unity and harmony. From the colorful streets of Barsana to the tranquil valleys of Ladakh, these festivals showcase the vibrant mosaic of traditions and customs that make India truly special. Note: The article is based on content generated by AI models like Bard and Chatgpt.

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