Bringing down cost of doing business is Government’s top priority: Rajyavardhan Rathore

Jaipur: Ahead of the ‘Rising Rajasthan’ Global Investment Summit 2024, scheduled to be held in Jaipur under the leadership of Chief Minister Shri Bhajan Lal Sharma in December this year, Col. Rajyavardhan Rathore, Hon’ble Minister of Industries and Commerce, Government of Rajasthan, addressed the media today. The Minister said that the government is aiming to double the state’s GDP from the current INR 15 lakh crore to INR 30 lakh crore in the next five years and garnering investment in the ‘Rising Rajasthan’ Global Investment Summit 2024 is the topmost priority of the government. Col. Rathore also said that the government is working towards facilitating ease of doing business under two broad heads- ‘Reducing Cost of Doing Business’ and Cutting the Red Tape. 

Speaking about the ‘Rising Rajasthan’ Global Investment Summit 2024, Col. Rajyavardhan Rathore, Hon’ble Minister for Industries and Commerce, Government of Rajasthan said, “The summit is an opportunity to showcase Rajasthan as one of the most business-friendly states that is undertaking a massive administrative overhaul to make the industrial landscape investor friendly. For the first time in Rajasthan, the summit is being organised on a global scale for which the patchwork has been laid by tying up with partner nations and partner international organizations.”

Col. Rathore noted that the global scale at which the summit is being hosted demonstrates the administrative will and seamless coordination across various departments of the government. He further said that several new policies are going to be launched by the government to ensure that all major sectors of the economy are in sync with the investor-friendly vision of the government.

Laying emphasis on the government’s decision to organize the investment summit in the very first year of its tenure, the Minister said that the decision was taken to ensure that the MoUs are not only signed but also implemented on the ground before organizing the successive editions of the global investment summit. He also highlighted the recent decision taken by the government to allocate specific IAS officers as Point of Contacts (PoCs) to specific countries to take routine follow-up on the investment proposals from the respective country/state and ensure its on-ground implementation. 

Addressing the media, Hon’ble Industry and Commerce Minister Col. Rajyavardhan Rathore said, “We are committed to generate jobs and help the Rajasthan’s economy through this summit. We are trying that several MoUs, which have been signed, become operational even before the main summit is held in December this year. We have scaled up the international outreach for inviting the business leaders to Rajasthan to unprecedented levels and doing investors’ meets in different countries and in different cities of the country. In the Delhi Investors’ Meet, we are going to organize roundtable with ambassadors of different countries. We have the desired political will to make the ‘Rising Rajasthan’ Global Investment Summit 2024 a resounding success.”

In the run-up to the summit, various government dignitaries ranging from Hon’ble Chief Minister and Cabinet Ministers to Government officials are touring key domestic and international commercial centers to welcome the investors’ community to the Jaipur summit and help setup their investment projects in the state.

As part of the planned investors’ meets at these commercial centers, Col. Rathore will lead a high-level delegation to the UAE and Qatar from September 16 to September 20.  The delegation will impress upon the investors and business organizations in the two West Asian economies to invest in Rajasthan and invite them for the Rising Rajasthan Global Investment Summit 2024.

About the ‘Rising Rajasthan’ Global Investment Summit 2024: 

The Government of Rajasthan, led by Hon’ble Chief Minister Shri Bhajan Lal Sharma, will be hosting the ‘Rising Rajasthan’ Global Investment Summit 2024 on 9th, 10th, and 11th December 2024 in the capital, Jaipur. The 3-day mega summit, which aims to attract and facilitate global investment, innovation, and partnerships in the state, is organized with the support of the Industry and Commerce Department, Bureau of Investment Promotion (BIP), and RIICO, with BIP serving as the nodal department for this summit. During the summit, special plenary sessions will be organised on different focus sectors, including Agriculture, Renewable, Education and Skilling, Auto and EV, Infrastructure, Chemical and Petro-chemical, Tourism, Startups, Mining and ESDM/IT and ITeS and others.