Rising Rajasthan is not mere an event or a summit, it's a transformative journey of Rajasthan economy doubling from existing $180 billion (₹15lakh crore) to $350 billion( Rs 30 lakh crore), said principal secretary industries Ajitabh Sharma while inviting industry captains in Mumbai to invest during road show, a part of Rising Rajasthan investors summit to be held from 9-11 December 2024.
He said Rajasthan is an ideal investment destination growing at 12% per annum – overrunning the national growth rate of economy.
Ajitabh Sharma gave a comprehensive presentation before the business and industry community in the financial capital Mumbai envisaging the future economic journey of Rajasthan in next five years.
No wonder, Rajasthan signed up an investment MoUs worth ₹4.5 lakh crore with top business groups like Adani, Tata, JSW, Waaree, Dalmia and Star Cement. It is estimated to generate 6,78,000 jobs mostly in the renewable energy, education and cement sector.
Sharma said that the state, which is the seventh largest economy in the country, is future ready for creating huge investment opportunities in the multiple industrial zones with plug and play infrastructure in promising sectors like Apparel, Agro & Food Processing, IT/ITes, Auto and Electrical Vehicles and Glass & Ceramics.
Policy framework in place for transformation
Sharma said Rajasthan has robust Industrial and MSME policies in place which will play role of guiding principles for policy reboot and industrial development.
“New policies are on the anvil for sectoral growth which include private industrial park policy, integrated cluster development policy, one district one product policy, logistics policy, data centre policy, skill employment and entrepreneurship policy, tourism policy, export promotion policy, Apparel and textile policy. We have concluded discussions with stakeholders to make it more investor-friendly and scientific,” he said.
Sharma said that the conducive policy environment should be backed up by attractive incentive schemes.
“We are loading fiscal provisioning in Rajasthan Investment Promotion Scheme to attract big investments and capital intensive projects which can generate huge job opportunities in the state,” he said.
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.
