With a month's time to go, Rajasthan chief secretary Sudhansh Pant visited JECC – the venue for Rising Rajasthan Global Investment Summit to be held from 9-11 December, 2024.
He oversaw the preparations taking pace at the venue and gave necessary instructions for smooth hosting of the summit.
The importance of summit gains currency as prime minister Narendra Modi will be the chief guest of the inaugural session.
The chief secretary discussed the flow of event and preparations with additional chief secretary home Anand Kumar, director general of police U R Sahu, principal secretary industries Ajitabh Sharma, Jaipur Police commissioner Biju George Joseph and Jaipur Collector Jitendra Kumar Soni among other senior officers.
The Rising Rajasthan Summit is likely to be a game changer for the economy of Rajasthan. The state so far has received investment commitment of more than Rs 18 lakh crore and if the commitment fructifies in the four years of this government, it will have multifold impact on the economy of the state.
As per the past experiences, so far the best conversion rate for such investment commitments is little less than 25%.
“Going by that if Rajasthan is able to convert even 25% of the commitment, which is likely to end up at around Rs 25 lakh crore with 30 days to go, investment of around Rs 7 lakh crore will be pumped in which will have a huge impact,” said Rameshwar Tyagi, a leading consultant.
A push of Rs 7 lakh crore, which is little less than half of estimated Gross State Domestic Product (GSDP) of Rs 15.7 lakh crore will have spin off effect creating wealth and generating huge number of jobs in the state.
Prakash Bhandari is a veteran journalist with over 50 years of experience. He has worked with The Times of India for 30 years and contributed to leading publications as well as international news agency AFP.
