"Confident that Rajasthan will become $350 billion economy in 5 years": CM Bhajan Lal Sharma

The first investor meet of the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 was successfully held in India’s commercial capital, Mumbai, on August 30, under the leadership of Chief Minister Bhajan Lal Sharma.

The investor meet facilitated the signing of MoUs worth over INR 4.5 Lakh Crore with Bureau of Industrial Promotion (BIP), the nodal department for organising the investment summit, for making investments in the state. In addition to Hon’ble Chief Minister, Hon’ble Minister of Industries, Government of Rajasthan, Col. Rajyavardhan Rathore also graced the occasion.

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The investor meet that saw the congregation of top business leaders and industry groups, witnessed the signing of investment MoUs across a range of sectors such as Cement, Chemical and Petrochemicals, Civil Aviation, ITI upgradation and Renewable Energy, among others.

The companies and industrial groups with whom the MoUs were signed include - Adani Group, Vedanta Group, JSW Group, Tata Group, Waaree Group, Dalmia Group and Star Cement among others. Moreover, the official website of the ‘Rising Rajasthan’ Global Investment Summit 2024 - https://rising.rajasthan.gov.in/ - was also launched by Hon’ble Chief Minister amidst a huge round of applause.

Speaking at the event, Chief Minister Bhajan Lal Sharma said, “The journey towards a ‘Viksit Rajasthan’ is pivotal to achieve the goal of a ‘Viksit Bharat’ @ 2047. Rajasthan is brimming with immense potential, rich natural resources, skilled talent, boundless opportunities. I invite the investor community, corporates and institutions to our beautiful state and capitalise the momentum.”

“At the very first investor investor meet of the summit, we have signed MoUs worth over INR 4.5 lakh crore investments in the state. This demonstrates the immense potential of Rajasthan and investors’ strong faith in Rajasthan’s investor friendly policies. I am confident that we will be able to realise the dream of making the state USD 350 billion economy in next 5 years,” he added.

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Addressing the gathering, Minister of Industries, Government of Rajasthan, Col. Rajyavardhan Rathore said, “There is only one VIP in Rajasthan, that is the investor investing in Rajasthan. We have the desired political will to realise our dream of developing Rajasthan and the positive response of investors in such a short span of time has given us wings to dream big and boosts our confidence to make the ‘Rising Rajasthan’ Global Investment Summit 2024 a big success.”

Sudhansh Pant, Chief Secretary, Government of Rajasthan, said, “‘Rising Rajasthan’ Global Investment Summit 2024 is going to play a pivotal role towards ‘Viksit Rajasthan’ @ 2047. Nowadays, Rajasthan government takes crucial key policy decisions within hours, which is in contrast to the months and years that goes into taking such decisions. The tremendous response received from the investors’ community so far shows that there has been a remarkable increase in their trust on Rajasthan and its potential. We are working very hard to continue this momentum.”

Chief Minister Sharma also held one-on-one meetings with several top industry leaders after the investor meet and invited them for investing in Rajasthan and utilising the investor-friendly ecosystem and policies of the state.

The names who met the Chief Minister include Anand Mahindra, Chairman, Mahindra and Mahindra Group, Sajjan Jindal, Chairman, JSW Group, Kumar Venkatasubramanian, Managing Director, India and South Asia for Procter and Gamble, Priya Agarwal, Non-Executive Director, Vedanta Ltd and Chairperson, Hindustan Zinc Limited, Anshuman Ruia, Group Director, Essar Group, Vineet Mittal, Chairman, Avaada Group, Dhimant Bakshi, CEO, Imagica Entertainment and Raj Tiwari of UPL Ltd.

The prominent business leaders who partook at the first domestic investor meet of the ‘Rajasthan Rising’ Global Summit 2024 included Karan Adani, Managing Director, Adani Cements Ltd and Adani Ports, SEZ and Logistics, R. Mukundan, Managing Director and CEO, Tata Chemicals Ltd, Dr. Praveer Sinha, Managing Director and CEO, Tata Power, Arun Misra, CEO, Hindustan Zinc and Executive Director, Vedanta Ltd, Sharad Mahendra, Joint Managing Director and CEO, JSW Energy, Akshay Hiranandani, CEO, Serentica Renewables, Madhav Singhania, Deputy Managing Director and CEO, JK Cement, and Swati Salgaocar, Chairperson, Western Region of Confederation of Indian Industry (CII) among others.