“Rajasthan Secures Rs 12.5 Trillion in Investment Agreements Ahead of Global Summit”

Rajasthan Chief Minister Bhajan Lal Sharma announced that the state has signed investment agreements (MoUs) worth Rs 12.5 trillion during roadshows in Mumbai and Delhi, in anticipation of the “Rising Rajasthan” global investment summit scheduled for December 9-11 in Jaipur.

At the Mumbai roadshow in August, agreements totaling Rs 4.5 trillion were finalized across various sectors, including renewable energy, cement, auto components, and battery storage, promising to create 700,000 job opportunities in Rajasthan. During the Delhi roadshow, an additional Rs 8 trillion in MoUs was secured.

Sharma emphasized that Rajasthan is becoming a hub for business investment and highlighted his administration’s commitment to improving investor services. “Earlier, investors faced delays, but we have simplified our policies to facilitate business operations in Rajasthan,” he stated.

The Chief Minister aims to elevate Rajasthan’s economic growth from $180 billion to $350 billion within the next five years. He noted efforts to attract foreign investors, citing successful discussions with companies from South Korea and Japan. Notably, collaborations with the Korean Stone Association focus on enhancing stone exports, while Samsung Healthcare is exploring AI-driven healthcare solutions for the state.

Sharma highlighted initiatives like the Private Industrial Park Scheme and the Land Aggregation & Monetization Policy, aimed at creating a more favorable business environment. The Rajasthan Investment Promotion Scheme (RIPS) 2024 has also been approved, emphasizing support for micro, small, and medium enterprises (MSMEs) and emerging sectors.

He announced plans to establish a college for foreign language education to assist residents seeking employment abroad. Industry and Commerce Minister Col Rajyavardhan Rathore urged industry leaders to collaborate with the state government in both investments and youth skill development to leverage Rajasthan’s demographic advantages.

Ajitabh Sharma, Principal Secretary of Industry and Commerce, highlighted key sectors such as tourism, renewable energy, logistics, real estate, and IT services as abundant sources of employment. He noted the existence of a dedicated investor services interface, Raj Nivesh, which offers over 122 services across 14 departments, with a turnaround time of just 17 days for applications.