Ahmedabad has entered the Gulf Cooperation Council investment race with a proposal to develop Million Minds Tech City at an estimated cost of Rs150 billion (Rs150 bn). The state government positions the project as a large scale technology and innovation hub aimed at drawing capital and companies from GCC markets and beyond. The plan seeks to combine campuses for research, flexible office space and advanced digital infrastructure to create an ecosystem for start ups and established firms. It envisages integrated residential neighbourhoods, transit links and specialised industrial zones to support manufacturing of hardware and electronics. Planners expect the development to catalyse local supply chains and to generate significant employment across engineering, data and services roles. The proposal includes provisions for training institutes and partnerships with universities to build a home grown talent pipeline and to support long term growth. The announcement follows a broader economic narrative in which domestic firms and state entities report stronger results. Bharat Petroleum Corporation Limited reported a rise of 94 per cent in profit after tax for the quarter and for the financial year ended March 31, 2026, reflecting resilient operations amid volatile crude prices and shifting supply dynamics. The company was noted as a Fortune Global 500 firm and a Maharatna public sector undertaking, and its results were presented as part of wider industrial resilience. City planners highlighted the strategic importance of positioning Ahmedabad as an alternative gateway for investment that traditionally flows to Gulf centres. The location advantage, existing industrial clusters and a growing technology labour pool were identified as factors that could attract a range of investors seeking lower operating costs and regulatory clarity. Officials outlined incentives and streamlined approvals as tools to compete for projects and to accelerate delivery. Further approvals will determine implementation pace. Funding arrangements are expected to follow.