JAIPUR (India CSR): Rajasthan has emerged as a hub of investment potential with the announcement of Rs 35 lakh crore worth of MoUs signed ahead of the Rising Rajasthan Global Investment Summit. Organized during the first year of the state government’s tenure under Chief Minister Bhajan Lal Sharma, the summit aims to convert these proposals into on-ground projects swiftly. With participation from 32 countries and leading industrialists, the event underscores Rajasthan’s unprecedented environment for investment, bolstered by progressive policies and infrastructure development.
Chief Minister Sharma highlighted the state government’s initiatives to foster economic growth, including new sector-focused policies and plans to double Rajasthan’s economy within five years. Prominent leaders like PM Narendra Modi and industrial giants including Vedanta’s Anil Agarwal, Aditya Birla Group’s Kumar Mangalam Birla, and Mahindra Group’s Anand Mahindra shared insights and commitments toward the state’s growth.
1. Rajasthan Investment Summit Initiated Early
Rajasthan Chief Minister Bhajan Lal Sharma said on this occasion that his government has organized the Investment Summit in the first year of its tenure, so that relevant necessary steps can be initiated on time to convert the investment proposals into on ground projects.
The govt said that new policies and concrete steps have created an unprecedented environment for investment in the state.
2. MoUs Worth INR 35 Lakh Crore Signed
He also said that the state government has signed MoUs worth more than INR 35 lakh crore before the Summit and for the first time 32 countries are participating in the Global Investment Summit of the State, reflecting trust of the investors in the State.
3. Ease of Doing Business Policies Introduced
The Chief Minister also said that as part of the ‘Ease of Doing Business’, the State government has launched 10 new important policies to encourage investments in various sectors of the State, which has created favorable investment environment for the investors.
4. PM Modi is the architect of ‘Viksit Bharat’
Expressing his gratitude to Prime Minister Narendra Modi for inaugurating the Rising Rajasthan Global Investment Summit, Chief Minister Sharma said that it is a moment of pride for Rajasthan and added that the Prime Minister is the architect of ‘Viksit Bharat’. The Chief Minister noted that India is rapidly moving towards becoming the third largest economy in the world under the leadership of Prime Minister Modi.
5. State’s economy to double in five years
The Chief Minister also said that the state government has set a target of doubling the Rajasthan’s economy in five years and this Summit is an important step in that direction. He further said that sectors like mines and minerals, petroleum, automobile, textile, tourism, education and medicine offer unlimited possibilities of development and investments in these sectors will create wealth for the investors.
6. Key Facts from the Rajasthan Investment Summit
| Fact | Details |
|---|---|
| Total Investment Proposals | Rs 35 lakh crore worth of MoUs signed |
| Participation | 32 countries and numerous leading industrialists |
| Key Sectors Highlighted | Mines, minerals, petroleum, automobile, tourism, education, and medicine |
| Economic Goals | Doubling the state’s economy within five years |
| New Policies Introduced | 10 sector-focused policies under ‘Ease of Doing Business’ |
| Renewable Energy Target | Increase capacity from 30 GW to 125 GW in five years |
| Capital Expenditure Increase | 65% rise in this year’s state budget compared to the previous year |
| Notable Commitments | Vedanta: Rs 1 lakh crore investment; Adani Group: Rs 7.5 lakh crore |
| Special Focus | MSMEs, Pravasi Rajasthanis, and country-specific investment sessions |
| Prime Minister’s Contribution | PM Modi inaugurated the summit and highlighted Rajasthan’s investment potential |
7. Capital Expenditure Increased by 65%
Talking about the achievements of the state government, Sharma said that the capital expenditure in this year’s state budget was increased by 65 percent as compared to the previous budget. Moreover, construction of 9 Greenfield Expressways was also undertaken for the first time in the state and work has been initiated to increase the renewable energy production capacity to 125 GW in five years (from the present levels of 30 GW), he said.
8. Sector-Focused Sessions Held
The Chief Minister, while talking about the three-day Summit, said that 12 different sector-focused sessions, 8 country sessions, and special sessions on Pravasi Rajasthanis and MSMEs have been organised, during which Ministers of the Union and State government, as well as experts and investors of the related fields will brainstorm about the possibilities of increasing investment avenues in the state. He also welcomed the investors and Pravasi Rajasthanis, who have come to participate in the Summit from different parts of the country and abroad. The Chief Minister also encouraged them to make investments in the State and become a part of the development journey of Rajasthan.
Industrial Leaders Share Insights
During the inaugural session, leading industrialists like Vedanta Group Founder Anil Agarwal, Adani Ports and SEZ’s Managing Director Karan Adani, Aditya Birla Group’s Chairman Kumar Mangalam Birla, and Mahindra Group Chairman Anand Mahindra also shared their insights on investment potential of the State and their association with Rajasthan.
10. Vedanta Group’s Commitment to Rajasthan
Addressing the inaugural session, Vedanta Group Chairman Anil Agarwal said that Rajasthan, which is endowed with huge natural resources, has limitless possibilities of growth and development. He also said that Vedanta Group has provided employment to about one lakh people in the State by investing INR one lakh crore in Rajasthan through Hindustan Zinc and Cairn India. Reiterating his commitment on making investments in Rajasthan, he said that Vedanta Group plans to create 5 lakh new employment opportunities and increase its contribution to the state exchequer by three times.
11. Adani Ports’ Future Investment Plans
Adani Ports and SEZ’s Managing Director Karan Adani, while addressing the gathering, said that Rajasthan, which has been known as the land of Kings and Maharajas, is a symbol of India’s rich cultural heritage and legacy. He also said that progress in true sense can only achieved only when one stays connected to the cultural roots. Adani also said that number of people living below the poverty line has reduced significantly in last 10 years to 11% now, leading to 2.5 crore people coming out of poverty. He also expressed his commitment of investing INR 7.5 lakh crore in Rajasthan.
12. Aditya Birla Group’s Presence in Rajasthan
Speaking on the occasion, Aditya Birla Group’s Chairman Kumar Mangalam Birla said that having his roots in the State, he has been long known as the ambassador of Rajasthan in the world. Noting his group’s significant presence in the State in several sectors, including BITS Pilani and other educational institutions, Birla said that minerals, infrastructure, tourism and renewable energy are ‘friends of Rajasthan’. He also said that investments made by the Aditya Birla Group in Rajasthan reflects their faith in the state government and its policies, and called upon the investors to make investments by saying ‘Padharo Mhare Des’ and ‘Nivesh Karo Mhare Des’.
13. Mahindra Group’s Experience in Rajasthan
Anand Mahindra, Chairman, Mahindra Group, while addressing the gathering, said that the stepwells of Rajasthan reflect the innovative nature of the people of the state since ancient times. He also shared his experience of developing the Mahindra World City in Jaipur and outlined the projects and employment opportunities created by the Mahindra Group.
14. PM Modi’s Visit and Traditional Welcome
While inaugurating the Investment Summit, Prime Minister Narendra Modi also visited Rajasthan Global Business Expo, which has different country pavilions and other stalls, and was given a brief on the workings of Sanganer block printing.
The Chief Minister welcomed the Prime Minister on his arrival by putting a turban on his head and presented a sandalwood sword made by the craftsman of Churu, which has expressions related to the life of Maharana Pratap.
15. Dignitaries and Investors Attend the Summit
On this occasion, Hon’ble Governor of Rajasthan Haribhau Bagde, ministers of the Union and State Government, Diplomats from various countries, leading industrialists and investors from the country and abroad, Pravasi Rajasthanis, officials and other dignitaries were also present.
(India CSR)
