MoUs signed with Tata Power, Indian Oil, Avaada Group, NHPC, Reliance Bio Energy, Torrent Power, Sterlite Power Transmission, Mahindra Susten Private Ltd, THDC India, Oil India, Jindal Renewable Power, Essar Renewables, Indraprastha Gas, Adani Logistics, JK Cement, BL Agro Industries, Titagarh Rail Systems among others
• At Delhi Roadshow, Rajasthan signs investment MoUs across sectors such as Renewable Energy, Power Transmissions, Oil and Gas, CNG, Logistics, Cement, Agrotech among others
• Hon’ble Chief Minister-led delegation to host roundtable for ambassadors from key countries on Oct 01, to seek support for facilitating investment in Rajasthan
• CM to preside over roundtable with Central government-owned PSEs on Oct 01, to showcase investment potential in Rajasthan
New Delhi,- The investor meet of the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 was successfully held here in India’s national capital, New Delhi, today, under the leadership of Chief Minister Shri Bhajan Lal Sharma. The investor meet facilitated the signing of MoUs worth over INR 8 Lakh Crore with Bureau of Industrial Promotion (BIP), the nodal department for organising the investment summit, for making investments in the state.
With today’s signing of MoUs in Delhi, the total value of investment MoUs have swelled to over 12.50 lakh crore, reflecting the resounding faith of investor and business community in Government of Rajasthan’s efforts in transforming the state into a ‘Viksit Rajasthan by 2047. In addition to Hon’ble Chief Minister, Hon’ble Minister of Industries, Government of Rajasthan, Col. Rajyavardhan Rathore also graced the investor meet in Delhi today.
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 Renewable Energy, Power Transmissions, Oil and Gas, CNG, Logistics, Cement, Agrotech among others. The companies and industrial groups with whom the MoUs were signed include MoUs signed with Tata Power, Indian Oil, Avaada Group, NHPC, Reliance Bio Energy, Torrent Power, Sterlite Power Transmission, Mahindra Susten Private Ltd, THDC India, Oil India, Jindal Renewable Power, Essar Renewables, Indraprastha Gas, Adani Logistics, JK Cement, BL Agro Industries, Titagarh Rail Systems among others.
Besides, the investors and leaders of national and international business and corporate world, innovators, startups and other relevant stakeholders were also invited to make investments in the state and participate in the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 which is scheduled to be held in Jaipur on 9th-10th-11th December.
Exhorting the investors to make investments in Rajasthan, Chief Minister Shri Sharma further said, “Rajasthan stands at the cusp of a transformative era, embracing a new vision for growth and prosperity. We are not only laying the foundation for a stronger economy, but also building a sustainable future for generations to come. Our commitment to this transformation is reflected in a comprehensive set of initiatives designed to attract investment, boost local production, and empower our people. Our government has set an ambitious goal of doubling Rajasthan’s economy from US$180 billion to US$350 billion in the next five years, and we will make it happen.”
Talking about the bold steps initiated by the government, the Chief Minister said that industrial land acquisition and development is simplified and initiatives like the Private Industrial Park Scheme and the Land Aggregation & Monetization Policy are being rolled out to create a more conducive environment for business expansion. Talking about the investor-centric approach, he said that the government focus is to facilitate and support the businesses with its proactive policies, streamlined processes, reduced compliance burdens, and fostered transparency,
“The focus of the state government is to not merely to sign MoUs for investment intentions, but to realise them into the projects on the ground,” Chief Minister Shri Sharma said.
Addressing the gathering, Industry and Commerce Minister Col. Rajyavardhan Rathore said, “We envision a future where Rajasthan not only thrives economically but also sets a benchmark for inclusive and sustainable development. Together, we can make this vision a reality. I call upon all investors to look towards Rajasthan. By investing in our vibrant state, you will harness our abundant resources and strategic location, creating robust supply chains and collaborative ventures that benefit both, the investors and the state. Rajasthan is a land of limitless potential, fortified by our robust infrastructure and a proactive government eager to partner with you.”
Speaking about the significance of the investment summit, Shri Sudhansh Pant, Chief Secretary, Government of Rajasthan, said, “The summit is a curtain-raiser for the state becoming a 350-billion-dollar economy in the next 5 years. This is an opportune time to invest in the state with government facilitating a confluence of synergized and simplified policies, ease of regulatory compliance, synergistic partnerships and targeted leveraging of resources, infrastructure and capital.”
Besides Chief Minister Shri Sharma and Industry Minister Col. Rathore, Rajasthan’s Chief Secretary Shri Sudhansh Pant, Additional Chief Secretary to Chief Minister Shri Shikhar Agrawal, Principal Secretary (Industries) Shri Ajitabh Sharma and other senior officials of the Government of Rajasthan also participated in the Delhi Investor Meet. Principal Secretary Shri Sharma made a presentation on the vast opportunities available in Rajasthan and encouraged the investors to explore the strategic advantage the state has due to its proximity to Delhi.
Several industry leaders were present in the Delhi investor meet. This includes Mr. Ajay S. Shriram, Chairman and Senior Managing Director, DCM Shriram Ltd, Dr. Praveer Sinha, CEO and Managing Director, Tata Power, Mr. Vineet Mittal, Chairman, Avaada Group, Mr. Deepak Shetty, CEO & Managing Director, JCB India Limited, Mr. Sanjay Agarwal, Managing Director and CEO, AU Small Finance Bank, Mr. Chandrajit Banerjee, Director General, Confederation of Indian Industry, and Mr. Madhav Singhania, Dy. Managing Director & CEO, J K Cement Ltd.
Post the investors’ meet, Hon’ble Chief Minister will also be holding one-on-one interaction several business leaders and will address a CEO’s roundtable in the evening. Moreover, on October 01, the CM-led delegation of Rajasthan government officials will host a roundtable for ambassadors from key countries such as the U.S.A, the UK, Germany, Japan, Italy, South Korea, Australia, the UAE, Denmark, Indonesia, Malaysia, Singapore, Turkey, Spain, Switzerland, Brazil, Qatar, South Africa among others. The delegation will seek support of the diplomats to facilitate investment in Rajasthan and apprise them of the business-friendly policy changes being ushered in by the Government of Rajasthan.
Earlier, on the same day (October 01), Hon’ble CM-led delegation will partake in the CPSEs conclave, interact with the Chairman and other senior officials of the Central-government owned Public Sector Enterprises (CPSEs) and invite them to work on new projects in the state or explore further collaboration opportunities.
The government of Rajasthan is undertaking an extensive domestic and global outreach for the ‘Rising Rajasthan’ Global Investment Summit 2024 scheduled to be held under the leadership of Hon’ble Chief Minister Shri Bhajan Lal Sharma on 9th, 10th and 11th December in Jaipur. A number of high-level investors meets, and one-on-one business meetings have been organised in the last one month at Mumbai, Seoul (South Korea), Tokyo and Osaka in Japan, Dubai and Abu Dhabi in the UAE, and Doha (Qatar) to attract investor attention, connect with the business community around the world and apprise them of the investor-friendly policies and opportunities available in the state.
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.
The New Delhi leg of the investor roadshow is being organized in association with Confederation of Indian Industry (CII), which is the summit industry partner of the ‘Rising Rajasthan’ Global Investment Summit 2024. PwC India is the knowledge partner of the summit.