RESOURCE RICH RAJASTHAN
The glittering jewel in the crown of India, Rajasthan is more than just a land of majestic forts, vibrant culture, and awe-inspiring landscapes. From an abundance of natural resources to the burgeoning industrial development through the Delhi Mumbai Industrial Corridor, Rajasthan is a dynamic state, surging ahead with a wealth of opportunities. Whether it’s mining for precious minerals, welcoming tourists with open arms, or showcasing the intricate beauty of its textiles, gems, and handicrafts, Rajasthan is a captivating mosaic of heritage, progress, and enduring charm.
The tranquil law and order environment, harmonious industry-labour relations, and ample availability of reliable power and vast swathes of land have firmly placed Rajasthan at the forefront of India’s investment destinations. With progressive policies, a skilled and educated workforce, and an unceasing spirit of entrepreneurship, Rajasthan has indeed carved out a unique position of prominence in the country. From a rich legacy of craftsmanship and heritage to the dynamism of modern industry, Rajasthan exemplifies the perfect blend of tradition and innovation, making it an irresistible choice for investors and businesses alike.
The Government of Rajasthan will organise the “Rising Rajasthan” – a mega Investment Summit on 9th – 11th December 2024 at Jaipur, Rajasthan with Confederation of Indian Industry (CII) is the Summit Industry Partner.
The upcoming 3-day summit promises to be a mega grand convergence of luminaries from various sectors, engaging in a dynamic exchange of ideas and perspectives to spur inclusive growth in Rajasthan, an aim to attract and facilitate global investment, innovation, and associations into the state.. From the farsighted policy makers and visionary corporate captains to the knowledgeable academia and astute think-tanks, this event will bring together a formidable assembly of global minds, ready to explore untapped potential, unearth business opportunities, and forge long-lasting partnerships.
As Karan Adani’s statement and the CII’s observation underscore, Rajasthan’s abundant natural resources, progressive policies, robust infrastructure, and strategic location are acting as powerful magnets for large-scale investments, particularly in the cement sector. The Adani Group’s investment of Rs 70,000 crore and creation of 37,000 jobs stand as shining examples of the state’s burgeoning potential and the allure of its business climate.
In a sweeping gesture, the Chief Minister of Rajasthan unfurled the ‘Rising Rajasthan’ logo, an emblem that not only encapsulates the state’s upward trajectory but also signals the commencement of a strategic branding effort to communicate Rajasthan’s lucrative investment prospects worldwide. With this unified logo, Rajasthan endeavors to position itself as a prime destination for businesses, supported by a streamlined, single-point interface that simplifies and accelerates the process of submitting investment proposals. At a roadshow organized by industry association CII, the chief minister signed agreements for Rs 4.5 trillion in state investment, which is expected to create 6,78,000 employment, largely in renewable energy, education, and cement.
In a bid to make the investment landscape more investor-friendly and efficient, Rajasthan’s Chief Minister unveiled a pioneering single-point investor interface. This platform provides a simple, yet comprehensive digital platform through which investors can submit their investment intents in the form of a MoU, achieving a faster and more streamlined process. The immediate success of this platform was palpable, with a staggering INR 8000 crore worth of proposals received shortly after its launch. Moreover, the innovative platform has streamlined the approval process, permitting investors to obtain online approvals, making Rajasthan’s investment environment more investor-centric than ever before.
The vision of CM Bhajan Lal Sharma is one that aspires to place Rajasthan at the forefront of India’s economic resurgence. With a holistic strategy centered on sustainable development, diversified growth across various sectors, digital innovation, and traditional industries, among others, Rajasthan is poised to undergo a profound metamorphosis, transforming into a powerhouse of economic progress. Sharma’s leadership envisions a future where the state’s wealth of natural resources, including its mineral-rich soil and potential for renewable energy, are harnessed and leveraged to create a brighter, more prosperous future for all.
He stated that the state is focusing on attracting investment in areas such as agriculture, renewable energy, education and skilling, auto and EV, infrastructure, chemical and petrochemical, tourism, startups, mining, and electronics system design and manufacturing/IT and ITeS, among others.
“India’s rise as the world’s fifth-largest economy has unlocked new growth opportunities for Rajasthan. Under the guidance of Hon’ble Prime Minister Shri Narendra Modi, our double-engine government is dedicated to ushering in a new era of development with a vision to make Rajasthan a USD 350 billion economy in the next five years. Our credible government policies and investorfriendly environment are designed for the holistic development of Rajasthan, reflecting a new vision for the state and its people. Rajasthan is a vital part of the country with immense potential for growth. Through the ‘Rising Rajasthan’ Investment Summit 2024, we aim to showcase these opportunities to both global and domestic investors,” Chief Minister Shri Bhajanlal Sharma highlighted while announcing the dates and unveiling the logo of the ‘Rising Rajasthan’ Investment Summit 2024. “Unlike the previous governments, which used to hold investment summit at the fag-end of their tenure, our government has decided to take the challenges head on and therefore, we will be hosting ‘Rising Rajasthan’ Investment Summit in the very first year of our tenure,” Shri Sharma said at the event. “Through the summit, we aim to bring investments to the focus sectors, so as to achieve the dream of making the state into a Rs 30 trillion economy in next 5 years. We not only believe in signing agreements, but also believe in implementing them,” he added.
Amongst a constellation of senior officials and industry stalwarts, Industry and Commerce Minister Colonel Rajyavardhan Singh Rathore, Minister of State for Industry and Commerce Shri K.K Vishnoi, Chief Secretary Shri Sudhansh Pant, Additional Chief Secretary to Hon’ble Chief Minister Shri Shikhar Agrawal, Principal Secretary Industries Shri Ajitabh Sharma, Director General of Confederation of Indian Industries Shri Chandrajit Banerjee, and other government officials assembled to witness and lend their support to this auspicious event.
Orchestrated by the Government of Rajasthan, with the combined efforts of the Industry and Commerce Department, Bureau of Investment Promotion (BIP), and RIICO, the ‘Rising Rajasthan’ Summit marked a significant milestone in Rajasthan’s journey towards economic ascendance. The Bureau of Investment Promotion (BIP) served as the fulcrum for this grand initiative, while the Confederation of Indian Industry (CII) collaborated with the government as the Summit Industry Partner, pledging their unwavering support in making this event a resounding success and propelling Rajasthan into an era of unparalleled growth.
Rajasthan, a state that boasts of boundless natural resources, a skilled workforce, and an unparalleled strategic advantage, is a state poised for explosive growth. Its strategic proximity to the major consumption markets of Northern India and its association with the game-changing infrastructure projects, the Delhi-Mumbai Industrial Corridor (DMIC) and Western Freight Corridor, has further strengthened Rajasthan’s position as a preferred destination for investors. The harmony between the state and central governments has created a positive, business-friendly environment, which will be highlighted at ‘Rising Rajasthan’.