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Zydus Group plans to invest Rs 5,000 crore in Gujarat, including biotechnology products and hospitals. Memoranda of Understanding (MoUs) have been signed. Nayara Energy will expand its refinery at Vadinar and increase its retail network. Torrent Group will invest nearly Rs 48,000 crore in energy generation and distribution, including solar and hydel plants. Welspun Group will invest Rs 40,000 crore in the state over the next five years.
This strategic move solidifies the companys commitment to the state s economic development and follows an earlier agreement for investment of Rs 2,500 crore inked in 2021.