The Government of Gujarat has signed as many as eight memorandum of understanding (MoUs) in the agro and food processing sector, in the presence of state's Agriculture Minister Raghavji Patel, on the second day of the Vibrant Gujarat Global Summit. 

Among these MoUs, Asandas and Sons at Mehsana is planning to invest Rs 1,100 crore, Bhitar Enterprises (Rs 500 crore), Tidy Agroceutical (Rs 400 crore), Grainspan Nutrients (Rs 375 crore), and Sanstar (Rs 300 crore) in the state. Additionally, JM Coconut Products seeks to infuse Rs 300 crore, Mac Patel Foods  with Rs 150 crore, and RPA Agriculture Infrastructure and Solutions is set to invest Rs 140 crore.

The summit has also witnessed several key announcements in the area of semi-conductor manufacturing. On 10 January, 2024, Tata Sons announced a semiconductor fabrication plant in Dholera where negotiations will conclude this year. Micron Technology announced its first phase of the semiconductor assembly and testing facility coming up in Sanand, which would be operational by early 2025.

Korean tech giant Simmtech also announced plans to establish a cutting-edge semiconductor plant in Sanand, Ahmedabad with an initial investment set at Rs 1,250 crore. The progress and ecosystem of the first plant of semiconductor in Gujarat was discussed and MoUs were signed.

Prime Minister Narendra Modi inaugurated the 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. On the first day, some of the high-value investment proposals included were from Indian companies such as Adani Group, Reliance Industries, Tata Group, and global corporate DP World, among other business conglomerates.