Jaipur : To give new heights to the economic development of Rajasthan and to attract investors to the state, the state government will organize ‘Rising Rajasthan Investment Summit’ in Jaipur from 9 to 11 December. Chief Minister Bhajanlal Sharma, while addressing a meeting organized in this regard in the Chief Minister’s Office on Thursday, said that the objective of this investment summit is to attract domestic and foreign companies, international institutions and investors to the state. He said that the government is taking every possible initiative to ensure a better environment for industrial investment in the state and in this sequence, this investment conference being organized will create ample employment opportunities along with the development of the state.
CM Sharma said that the state government will provide all possible help to the investors to give concrete shape to the investments coming to the state through this event. He said that all the information related to the area of investment by them should be made available to the investors in advance, so that it becomes easier for them to give concrete shape to the investment. The Chief Minister directed the Department of Industry and Commerce and all the stakeholders associated with this event to work with team spirit to make the ‘Rising Rajasthan Investment Summit’ a success.
Road shows will be held in India and abroad to attract investors
During this, Chief Minister Bhajan Lal Sharma also launched the logo of Rising Rajasthan, so that it can have a separate brand identity on various important platforms in the country and abroad. Under ‘Rising Rajasthan’, the state government will also organize investor road shows in various cities of the country and abroad, so that investors from all over the world can be invited to invest in Rajasthan.
‘Single-point investor interface’ launched in the state
Also, for the investors interested in investing in Rajasthan, CM Sharma also launched the single point investor interface of the state government, so that investors can easily sign MoUs with the government. Through this single point investor interface platform, investors can express their intention for MoUs with the state government online and their proposals will also be approved online. Soon after the launch of this initiative, the Bureau of Investment Promotion, the nodal department for organizing ‘Rising Rajasthan’, received investment proposals worth more than Rs 8000 crore. 1
State government is committed for the development of the state
The Chief Minister said that India’s emergence as the fifth largest economy of the world has opened up new opportunities for development for Rajasthan. Under the guidance of Prime Minister Narendra Modi, our double engine government is committed to taking the development of the state to a new era and under this, our target is to make Rajasthan an economy of US $ 350 billion in the next 5 years. Our policies made for the overall development of Rajasthan are reliable and investor-friendly, so that the state and our people can reach a new era of development. Through the ‘Rising Rajasthan Investment Summit 2024’, we will present these opportunities available in Rajasthan to investors from the country and abroad.
Addressing the program, CM Sharma said, “We are not like the previous governments who used to organize such conferences at the end of their tenure, so that they do not have to give accounts. We are not afraid of challenges and hence in the first year of our tenure itself, we are going to organize ‘Rising Rajasthan Investment Conference’. On this occasion, Industry and Commerce Minister Colonel Rajyavardhan Singh Rathore, Minister of State for Industry and Commerce K.K. Vishnoi, Chief Secretary Sudhansh Pant, Additional Chief Secretary (Finance) Akhil Arora, Additional Chief Secretary to Chief Minister Shikhar Aggarwal, Principal Secretary of Industry Department Ajitabh Sharma, Director General of Confederation of Indian Industry (CII) Chandrajit Banerjee and other senior officials of the government were also present.
Rajasthan is an ideal state for investors
Industry and Commerce Minister Col. Rajyavardhan Rathore said, “Our state has immense potential for development and hence Rajasthan is an ideal state for investors. Through the ‘Rising Rajasthan Investment Summit’, we do not want to just sign MoUs but bring real investments to Rajasthan. The summit aims to achieve several goals such as bringing global companies to the state, taking advantage of the abundant mineral and natural resources and talented workforce located in the state, providing new growth opportunities to existing businesses, so that new opportunities are created every day for the youth of our state.”
Chief Secretary Sudhansh Pant said, “By hosting this summit in the very first year, this government is creating new investment opportunities and introducing investor-friendly policies. We are simplifying the investment process and have launched a single-point investor interface for the proposals received for MoUs and will also give online approval through this platform, so that the industry and business community do not need to come in person. Our aim is to institutionalize the Rising Rajasthan Investment Summit to ensure sustainable development of several sectors like green energy, skilling and women empowerment.
Ajitabh Sharma, Principal Secretary, Industries Department and Chairman, Rajasthan State Industrial Development Corporation (RIICO) said that under Rising Rajasthan, the Rajasthan government will organize a series of investor roadshows in major business cities across the country and the world to highlight the investment potential of the state on the global platform. This three-day summit will have various activities like strategic sessions on various sectors, country-specific sessions and one-on-one meetings with industrialists and prominent personalities from the business sector. Also, MSME Conclave, Startup Conclave and Pravasi Rajasthani Summit will be organized during this period.
The Rising Rajasthan Summit is being organized under the aegis of the Government of Rajasthan by the Department of Industries, Bureau of Investment Promotion (BIP) and Rajasthan State Industrial Development Corporation (RIICO) with BIP being the nodal department. Also, Confederation of Indian Industry (CII) is the Summit Industry Partner of the Rising Rajasthan Investment Summit and is helping in organizing it.CII Director General Chandrajit Banerjee assured his full cooperation in making the event a success and making Rajasthan one of the fastest growing states in India by facilitating investments in various sectors.
Rajasthan, the largest state of the country, has abundant natural minerals and other resources. Also, the state has no shortage of skilled workforce and is strategically located close to major consumer markets of North India. In the last decade, major infrastructure projects like Delhi-Mumbai Industrial Corridor (DMIC) and Western Freight Corridor have been underway here. There is a positive synergy between the state and central government, which ensures the steady progress of development projects and also helps in creating a favorable environment for industries in the state. The Rajasthan government is committed to address the problems of investors and ‘Rising Rajasthan’ is a step taken in that direction, so that new investment opportunities keep coming to the state.
