About 25-30 global CEOs and heads of multinational corporations will visit Gujarat on January 10, 2017, for the eighth edition of biennial Vibrant Gujarat Global Summit (VGGS) 2017.
The global CEOs will be accompanied by almost an equal number of Indian corporate leaders, who will attend the Global CEO Round Table, to be inaugurated by Prime Minister Narendra Modi.
"The Gujarat government and the Department of Industrial Planning and Policy (DIPP) is working together to invite global CEOs. We are expecting participation of about 25 Global CEOs and heads of multinational corporations to attend the event," said PK Taneja, additional chief secretary, industries & mines department, Gujarat government, at a media briefing.
Billed as the Davos of East, the VGGS will kick-start on January 9, with the inauguration of the Global Trade Show in Gandhinagar.
"The 8th edition of the Summit will be bigger and grander. It will exceed any other event that is happening elsewhere in the country. This time we have the largest number of partner countries at 12 and they are all front ranking countries," said JN Singh, Chief Secretary, Gujarat government.
For the first time, the event, which was known for business investments, will witness a science Nobel Laureate exhibition.
The Prime Minister will inaugurate the exhibition on January 9 along with the Global Tradeshow and the formal inauguration of the Vibrant Gujarat Global Summit 2017 will happen on January 10 followed by the Global CEO roundtable.
The data shared by the government since the first VGGS held in 2003 till the last Summit held in 2015, a total 51,738 MoUs or investment intentions were signed, out of which 34,234 projects have either been completed or are under implementation, putting the success ratio of the investment MoUs at about 66 percent.