Surat News : SGCCI Sparks New Vision for Global Trade Amid Uncertainty

Surat, Gujarat – In a compelling and forward-looking seminar titled “Uncertainty to Opportunity: Recalibrating Global Trade,” the Southern Gujarat Chamber of Commerce and Industry (SGCCI) convened top minds and entrepreneurs at the Samriddhi Building in Nanpura, Surat. The keynote speaker, DrChoksey Finserv Pvt. Ltd. Managing Director  Deven Choksi, delivered deep insights into how businesses must adapt to a rapidly changing global trade environment.

SGCCI President Nikhil Madrasi stated, “We are living through an era marked by continuous disruption — from pandemics and geopolitical shifts to fractured supply chains and emerging technologies. But amid all this uncertainty lies immense opportunity. Entrepreneurs must now think strategically, realign, and innovate.”

India Leads Digital Trade Revolution

Deven Choksi captured the attention of attendees by revealing that India currently conducts over ₹1 trillion worth of transactions digitally. More notably, India is trading with 33 countries directly in its own currency, the rupee — a strong step towards financial independence and reduced reliance on the U.S. dollar.

He explained that the United States is undergoing a phase of deglobalization, noting, “America imports goods worth $3.4 trillion and exports $2.8 trillion. To balance this trade gap, the U.S. is shifting towards in-house manufacturing. This realignment will reshape global supply chains, and India must be prepared to seize the shifting opportunities.”

Gujarat’s Rising Economic Might

Choksi emphasized Gujarat’s emerging dominance on the national economic map. “Gujarat’s GDP currently stands at ₹25 lakh crore, which is 8% of India’s total GDP. By 2035, this can easily reach 10% due to strong infrastructure, a vibrant coastline, and robust agriculture. Entrepreneurs here are sitting on a goldmine of possibilities,” he stated.

He also urged textile sector entrepreneurs to consider transitioning from traditional models to corporate or cooperative ownership structures, which could unlock scalability, efficiency, and greater global competitiveness.

Chamber’s Role and Way Forward

SGCCI Group Chairman Sanjay Punjabi welcomed the guests and introduced the speakers, highlighting the Chamber’s ongoing efforts to create awareness and build capabilities among local entrepreneurs. Co-Chairman of the Chamber’s Capital and Commodity Market Committee, Shri Dipesh Parikh, concluded the event with a vote of thanks.

All attendee queries were addressed thoroughly, creating a vibrant dialogue on how to future-proof trade strategies.