RAJ KAREGA RAJ…

An the financial year of 2023, the gross domestic product of Rajasthan was around Rs 14.14 trillion. This was a significant increase from over Rs 4 trillion in the fiscal year 2012.

Rajasthan has arrived!

With confirmations from over 32 countries, including major economies like Denmark, Japan, South Korea, the UK, the US, the UAE, Singapore, and Germany, the ‘Rising Rajasthan’ Summit is a truly global event. This international participation underscores the growing recognition of Rajasthan’s economic potential and its attractiveness as an investment destination.

Buoyed by the ambition to become a veritable part of ‘Viksit Bharat’, Rajasthan government, under the leadership of Chief Minister Bhajan Lal Sharma, is actively pursuing a path of hyper economic growth and this ambition is embodied in the ‘Rising Rajasthan’ Global Investment Summit 2024. The Summit, the largest of its kind in the state’s history, had opened its doors to over a whopping 4,000 participants.

To realise the vision of making the state a $350 billion economy in the next five years, the threeday ‘Rising Rajasthan Global Investment Summit’ began on December 9.

The state’s mega event also hosted industrialists, investors and ambassadors from 32 countries, of which 17 were “partner countries”.

It must be noted that meanwhile, MoUs for investment proposals worth Rs 30 lakh crore have already been signed.

Eminent business dignitaries have all attended the summit.

Apart from the inaugural and ‘country sessions’, the summit included the Pravasi Rajasthani Conclave, MSME Conclave and thematic sessions for 12 sectors. Many experts from the country and the world, top officials of industry and business, and officials of the central and Rajasthan governments had a hectic schedule while the state witnessed itself from the threshold on an emerging horizon of hope and opportunities.

On the second day of the summit, the Pravasi Rajasthani Conclave was held to bring together the migrant Rajasthanis spread across the world on one platform and promote a massive cooperation.

Key highlights of the summit include the Non-Resident Rajasthani (NRR) Conclave aimed at fostering collaboration with the Rajasthani diaspora and magnify their contributions to Rajasthan’s growth; the MSME Conclave that will provide a platform for entrepreneurs, policymakers, and investors to discuss the future of the MSME sector, which contributes approximately 25% to Rajasthan’s GSDP.

The Rajasthan Global Business Expo, featuring thematic pavilions such as the Rajasthan Pavilion, Country Pavilions, and Startups Pavilion, showcased Rajasthan’s industrial potential, policy environment, and global partnerships.

The 12 thematic sessions explored topics like women entrepreneurship, sustainable energy, healthcare, water management, startups, and agri-business. These discussions will focus on innovation, sustainability, and inclusivity to drive Rajasthan’s economic growth and competitiveness.

Ahead of the summit, Chief Minister Sharma reiterated his government’s commitment to doubling the state’s economy to USD 350 billion within the next five years. The state has already secured investment proposals worth over INR 30 lakh crore in the lead-up to the event.

The ‘Rising Rajasthan’ Global Investment Summit 2024 promises to position Rajasthan as a key destination for global investment, innovation, and collaboration.

THE VIEWS EXPRESSED BY THE AUTHOR ARE PERSONAL

Robin Roy The writer is Senior Journalist and former Managing Editor, First India