Monday, February, 10,2025

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NEW YEAR SANKALP OF CM BHAJAN LAL

Chief Minister Bhajan Lal Sharma took a Sankalp at the beginning of the year to boost economic growth and position the state as a major player in India’s progress. The recent “Rising Rajasthan” summit in Jaipur, highlighted Rajasthan’s investment potential globally, is essential to this ambition. Rs 35.5 lakh crore Memorandums of Understanding (MoUs) were signed at the end of the summit with 10,640 organization, creating over 2 lakh new job opportunities and fuelling Rajasthan economic from trillions to 30 trillion in next 5 years.

The “Rising Rajasthan” summit collaborated with 300 investors on one platform, where key sectors like renewable energy, agriculture, infrastructure, manufacturing and tourism were given priority. In inaugural address, CM emphasised on the development of Rajasthan, saying that state is no longer limited to its rich heritage only, but has become a major hub of future-ready industries. The biggest commitments include an investment of Rs 26L crore for renewable energy, including solar parks & wind power projects, further strengthening Rajasthan’s leadership in green energy.

The distribution of MoUs across various sectors reflects diverse investment interests. The mining sector leads with 1,034 MoUs worth Rs 1,72,709 crore, followed by production with 531 MoUs totalling Rs 3,28,151 crore. Infrastructure accounts for 637 MoUs worth Rs 1,21,617 crore, while tourism has 1,156 MoUs amounting to Rs 73,813 crore. Agriculture secured 2,424 MoUs worth Rs 55,176 crore, education 569 MoUs totalling Rs 48,576 crore, and health 389 MoUs worth Rs 37,003 crore. Additionally, IT attracted 108 MoUs valued at Rs 17,584 crore, aviation 9 MoUs worth Rs 11,497 crore, and other sectors contributed 108 MoUs totalling Rs 26,683 crore.

This strategic investment plan seeks to give a new direction to the economy of Rajasthan, with an ambitious target of increasing the Gross State Domestic Product (GSDP) to Rs 15 lakh crore by 2025. This target estimated growth rate of 9% annually. this initiative are underway to create a more inclusive and equitable economy and enhance standard of living for citizens. It is anticipated that per capita income under this system will rise from the present Rs 1.5 lakh to Rs 2 lakh annually, promoting both economic growth & welfare.

The renewable energy sector is set to lead the nation by installing solar parks, building on recent succeeds. By 2025, the state hopes to increase its total output to 20 gigawatts, and more wind and solar power projects are planned in regions such as Bikaner, Barmer, and Jaisalmer. These projects will not only contribute to realizing India’s renewable energy goals, but will also position Rajasthan as a global leader in sustainable energy production.

Modernization of infrastructure is an important pillar of this development vision of the state. There are plans to build a 1,000-kmlong new highway, a dedicated freight corridor and a multi-modal logistics hub, which is set to make Rajasthan the country’s leading trade and logistics hub.

Tourism, which contributes significantly to the state’s economy, is now undergoing revival. The state’s tourism sector is set to reach new heights through plans for redevelopment of iconic forts, expansion of adventure tourism in desert areas and plans to increase tourist footfall by 20% in the next three years. The agriculture sector, which employs 70% of the state’s workforce, is also projected to profit from new technological solutions and better resource management. This includes developing 100 new food processing units and 20 cold storage facilities to assist farmers in reducing post-harvest losses and increasing profitability.

These efforts will revive the agriculture industry and contribute greatly to state’s overall economic success.

In 2007, the government signed MoUs worth Rs 1.5 crore, which rose significantly to Rs 338,500 crore by 2015, but only 15% were materialized. By 2022, 4,192 MoUs amounting to Rs 10 trillion were signed, with just 10% brought to fruition, highlighting the need for improved execution. To accelerate commitments, the government has established a robust monitoring system that includes a real-time dashboard to track project milestones and identify execution hurdles. A dedicated investor support cell streamlines approvals, while regular review sessions chaired by the Chief Minister ensure accountability. Digital platforms like the Invest Rajasthan portal have also reduced approval timeframes, enhancing ease of doing business in the state

A key factor in advancing Rajasthan’s growth is innovation. Public-private collaborations are facilitating major breakthroughs in healthcare and education, while technological integration is streamlining procedures. By focusing on developing industries like sophisticated manufacturing, IT, and renewable energy, programs like the Skill Rajasthan Mission are preparing the state’s young for opportunities in future. Despite these advances, challenges such as uneven investment distribution, regulatory bottlenecks and environmental concerns still remain. The state is addressing these issues through targeted development in backward districts, simplification of regulatory framework and integration of sustainability in all major projects. These efforts are in alignment with the United Nations Sustainable Development Goals (SDGs), aim to ensure that development is not only inclusive but also sustainable.

THE VIEWS EXPRESSED BY THE AUTHOR ARE PERSONAL

Dr Surendra Singh, The writer is Political and Social Activist

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