Ahead of ‘Rising Rajasthan' Global Investment Summit 2024, a high-level delegation led by minister of State for Industry and Commerce, K K Vishnoi has left for Saudi Arabia on a three-day visit to invite investors and business leaders for the summit.
The delegation included Naveen Jain, Secretary, Finance (Expenditure), Sandesh Nayak, Special Secretary to Chief Minister, Navneet Kumar, Additional Commissioner, DMIC and other top officials of the Government of Rajasthan.
During the visit, the delegation will hold an investor roadshow in the capital city of Riyadh and hold one-on-one meetings with officials of private and government-owned corporate groups in Riyadh and Jeddah. The delegation will also hold talks with Saudi Arabia Assistant Minister of Investment, Eng. Ibrahim Yousef Al Mubarak and seek the support of the Kingdom of Saudi Arabia to facilitate investment in Rajasthan.
The delegation will also extend an invitation to the Kingdom of Saudi Arabia to participate in the investment summit as the partner country.
With an aim to bring investment from Saudi Arabia in sectors such as engineering, construction, machinery, food processing, agro solutions, FMCG distribution and investment advisory, the delegation will hold talks with the officials of Alfanar Projects, SABIC, SEDCO Capitals, Al Muhaidib Group, Jeddah Chamber, Binzagr Group, Basamh Group and Abdullah Hashim Company Ltd.
Continuing the practice of touching base with the diaspora Non-Resident Rajasthani (NRR) community, the Minister-led delegation will participate in a ‘Rising Rajasthan' Diaspora Meet in Riyadh as well as Jeddah and urge the NRR community to facilitate new investment in Rajasthan.
The Minister will also jointly inaugurate India Food Festival in Riyadh along with the Indian Ambassador to Saudi Arabia Dr. Suhel Ajaz Khan. The delegation will also be participate in the inaugural event of the India Pavilion led by Federation of Indian Export Organisations (FIEO) at Saudi Build.
The Rajasthan government has organised investors' meets across the country as well as overseas. The domestic investors' meets have already been organised in Mumbai and New Delhi whereas on the global front, the investors' meets have so far been organised in South Korea, Japan, UAE, Qatar, Singapore, Germany and the United Kingdom.
The extensive outreach at the domestic and international level has resulted in Government of Rajasthan securing Investment proposals (MoUs) worth over Rs 18 lakh crore so far.
Recently, UAE has pledged an investment of Rs 3 lakh crore for developing solar plants of 60GW.
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.
