Companies from Singapore and South Korea Express Interest in Investing in Gujarat; Potential Opportunities Span Semiconductors, Data Centres, Shipbuilding, Healthcare and Tourism
HJ Heavy Industries Shows Interest in Coastal Tourism, Hospitality and International Resort Projects in Porbandar
Gandhinagar, November 6, 2026: Gujarat has strengthened its international investment outreach following a successful eight-day visit by a high-level state government delegation to Singapore and South Korea from October 19 to 26, 2026, ahead of the 11th Vibrant Gujarat Global Summit (VGGS) 2027, scheduled to be held in Gandhinagar from January 10 to 12, 2027.
Led by Gujarat’s Minister for Forest and Environment, Climate Change, Science and Technology, Arjun Modhwadia, the delegation aimed to position Gujarat as a preferred global investment destination, strengthen business partnerships and invite international companies to participate in the upcoming summit.
The delegation included Science and Technology Department Secretary and Nodal Officer P. Bharathi (IAS), Planning Department Secretary Adra Agrawal (IAS), DST Joint Director (IT) Wasim Mansuri, GIFT City AVP (Business Operations) Nisarg Acharya, along with representatives from the Gujarat State Electronics Mission, FICCI and KPMG.
The business discussions focused on key sectors including semiconductors, water and wastewater management, digital technology, healthcare, agriculture and food processing, green hydrogen, interior and furniture manufacturing, infrastructure, maritime services and advanced manufacturing. Several companies expressed interest in exploring investment opportunities, technology partnerships, business expansion and pilot projects in Gujarat.
Singapore Visit: 20 Meetings and Multiple Investment Opportunities
During the Singapore leg, the delegation participated in 20 engagements, comprising nine one-to-one business meetings, two government-to-government (G2G) meetings, five roundtable discussions and four site visits.
The delegation met Singapore’s Minister of State for Trade and Industry, Gan Siow Huang. It also attended a dinner hosted by India’s High Commissioner to Singapore, Dr. Shilpak Ambule, to strengthen bilateral economic relations.
Led by Minister Arjun Modhwadia, the delegation held roundtable discussions with industry associations, including SSIA, SICCI, AIBP, TiE Singapore and the Singapore Gujarati Society. Discussions covered semiconductors, innovation, GIFT City and talent development.
The delegation also visited Micron’s semiconductor facility, Global Tech Solutions, ASMPT’s Yishun facility and A*STAR Fusionopolis to understand international best practices, technological capabilities and research infrastructure.
Key Investment Prospects from Singapore
Several companies indicated interest in potential projects and business expansion in Gujarat:
- Global Tech Solutions: Expressed interest in equipment refurbishment and quartz manufacturing at Dholera.
- India Semitech: Showed interest in semiconductor equipment manufacturing at Sanand.
- Micron Technology: Discussed potential expansion in assembly and testing operations.
- ASMPT: Expressed interest in strengthening the semiconductor packaging ecosystem.
- Autodesk: Showed interest in establishing an office in GIFT City.
- Redwood Interior: Explored furniture manufacturing opportunities in Porbandar.
- Gardant AMEA: Discussed proposed collaboration with GBU, GBRC, GCRI and GSBTM in the healthcare sector, particularly cancer diagnostics.
- Capel Infrastructure: Expressed interest in providing water, energy, cooling and sustainable infrastructure solutions for data centres and semiconductor projects in Gujarat.
- SMIT Salvage: Proposed establishing an operational base in Gujarat through MERC, including response equipment and logistics infrastructure.
- De Nora: Discussed semiconductor-grade water and wastewater solutions, drawing on its ongoing work with Tata Electronics’ semiconductor ecosystem.
- A*STAR: Expressed interest in R&D collaboration in silicon photonics and silicon carbide (SiC) technologies.
During meetings with the Singapore Gujarati Society and SICCI, a proposal was also discussed to establish a ‘Gujarat Support Office’ in Singapore or a GIFT City representative office for the ASEAN region.
South Korea Visit: 25 Engagements with Major Industry Players
Following the Singapore visit, the delegation travelled to South Korea, where it participated in 25 engagements, including 15 one-to-one business meetings, three roundtable discussions and seven site visits.
With the support of the Indian Embassy and Make in India Korea, the delegation organised a Korean Business Leaders Roundtable and meetings with members of the Indian Chamber of Commerce in Korea (ICCK).
The delegation also visited prominent industrial and technology facilities, including HJ Heavy Industries, Hanwha Ocean, Hanyang Engineering, GnBS Eco, Gachon University MRI Research Centre, Dawon Medex BNCT Centre and Seoul Semiconductor.
Discussions with South Korean companies covered investment and technology partnerships in semiconductors, display technology, data centres, shipbuilding, chemicals, biotechnology, clean energy, robotics, agritech and industrial infrastructure.
Companies explored opportunities for manufacturing expansion, research and development, joint ventures, pilot projects and technology collaboration in Gujarat.
Key Investment Prospects from South Korea
The South Korean outreach generated several potential investment opportunities:
- GnBS Eco: Sought 12 acres of land at Dholera for semiconductor equipment-related operations.
- Silicon Display: Expressed interest in a 12-inch TFT fingerprint-sensor semiconductor fabrication facility.
- LAMKO and Dongwoo Fine-Chem: Explored semiconductor chemicals and materials manufacturing opportunities at Dholera or Vadodara.
- Seoul Semiconductor: Showed interest in LED and Micro LED manufacturing.
- NOVA Data Centers: Proposed developing a hyperscale data centre in Gujarat in collaboration with Infixzone Technologies and FutureTech Solutions.
- Hanwha and Dasun Shipbuilding: Expressed interest in maritime industry and shipbuilding partnerships at Pipavav and with local companies in Gujarat.
- HJ Heavy Industries: Showed interest in coastal tourism, hospitality and international resort projects in Porbandar.
During a roundtable meeting with South Korean company SOFTPV, a proposal was made for the Gujarat Government to appoint a Single Point of Contact (SPOC) to provide investment guidance and facilitate projects for South Korean companies.
Gujarat Strengthens Its Global Investment Outreach
The eight-day international visit led by Minister Arjun Modhwadia has generated considerable interest among investors and businesses in Singapore and South Korea.
The discussions across semiconductors, green hydrogen, shipbuilding, healthcare, artificial intelligence, digital technologies and advanced manufacturing have opened up potential avenues for investment and industrial collaboration.
These engagements are expected to provide fresh momentum to Gujarat’s efforts to attract global investments and strengthen international partnerships at the Vibrant Gujarat Global Summit 2027.
