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Rajasthan to host Global Investment Summit in December
The event aims to attract and facilitate international investment, innovation, and partnerships within the state.
The event was attended by several key figures. / Bureau of Investment Promotion, Rajasthan
Chief Minister of the Indian state of Rajasthan Bhajanlal Sharma announced that his government will host a global investment summit to attract investments and boost the economy of the state.
The event called "Rising Rajasthan" will take place from December 9-11, 2024 in Jaipur, Rajasthan. The CM unveiled the logo and launched a new single-point investor portal, designed to streamline the submission of Memorandums of Understanding (MoUs) for potential investors during an event on Aug.2.
"The platform received proposals worth more than INR 8000 crore just after the launch," noted an official statement, emphasizing the efficiency of the new interface, which also enables online approval of proposals. This user-friendly system is seen as a critical step towards creating a seamless and efficient investment process in the state.
Chief Minister Sharma highlighted the broader economic vision underpinning the summit. He said "India's rise as the world’s fifth-largest economy has unlocked new growth opportunities for Rajasthan. Under the guidance of Prime Minister Narendra Modi, our double-engine government is dedicated to ushering in a new era of development with a vision to make Rajasthan a US$ 350 billion economy in the next five years.”
The event was attended by several key figures, including Industry and Commerce Minister Colonel Rajyavardhan Singh Rathore, who emphasized the state's unique advantages.
"Rajasthan’s abundant youth, land, and minerals make it the perfect destination for investment. At the 'Rising Rajasthan’ Investment Summit, we are not just looking to sign MoUs; we are committed to bringing real investments into the state. By leveraging our state's high potential, we aim to foster growth through strategic partnerships, boosting existing businesses and creating new opportunities for our youth," Rathore said.
Chief Secretary Sudhansh Pant highlighted the government's proactive approach, stating, "By hosting this summit in the very first year, this government is creating new investment opportunities and introducing investor-friendly policies.
He said that the launch of a single-point investor interface for MoU submissions will simplify the investment process, allowing for online approvals and reducing the need for in-person visits. Their vision is ensuring sustained growth in sectors like green energy, skilling, and women’s empowerment across the state.
The "Rising Rajasthan" summit, organized with support from the Industry and Commerce Department, Bureau of Investment Promotion (BIP), and RIICO, is expected to attract significant attention from global and domestic investors. The Confederation of Indian Industry (CII) will serve as the Summit Industry Partner, with director general Chandrajit Banerjee assuring full cooperation in making the event a success.
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