Gujarat Shifts Focus: From MoUs to Nurturing Local Firms into Global Leaders

• Deputy CM Harsh Sanghavi announced Gujarat's new industrial strategy at the World Economic Forum in Davos.
• The state aims to transform local companies into "national champions" and then "global leaders," moving beyond just signing MoUs.
• Gujarat has a strong record in attracting capital, with over ₹45 lakh crore in proposals at Vibrant Gujarat Summit and ₹9 lakh crore from regional meets.
• Key sectors for new opportunities include AI, textile parks, manufacturing, GCCs, and financial services, with GIFT City and Dholera as investment platforms.
• Manufacturing remains central, highlighted by a ₹35,000 crore MoU with Maruti, aiming for over 20 lakh cars annually from Gujarat.

Why It Matters: Gujarat is strategically shifting its industrial focus to empower local firms for global leadership and foster a sports culture.