There has never been such frenzy among industrialists and businessmen to attend an investment summit in Rajasthan.
Rising Rajasthan Global Investment Summit to be held from 9-11 December will go down in the annals of Rajasthan. Not only it is drawing interest of investors from across 32 countries, it is likely to ink investment MoUs worth Rs 30 lakh crore – almost three time the previous investment summit in 2022 when the state had signed MoUs worth Rs 10.44 lakh crore.
This will be the first time ever since such investment summits started in 2008 that Prime Minsiter of India will endorse the commitment of Rajasthan government.
Prime Minister Narendra Modi, who had inaugurated several investment summits across the country including Uttar Pradesh and Gujarat, will be inaugurating the summit. The presence of Modi will embolden the commitment of state government, which has pledged before investors during roadshows that it will leave no stone unturned for the fructification of business proposals.
Policies and officers in line to bring investments
The commitment of state government can be gauged with the fact that it has rolled out more than a dozen investor-friendly policies including the incentive scheme to help investors choose Rajasthan over other states.
“Generally policies are vanilla schemes present in every state's vision document. But this time, Rajasthan government has not cut paste the provisions. It has tailormade provisions to fill in the gaps felt by the investors,” said a senior IAS officer of industries department.
Apart from policies, the state government has appointed single point of contact (SPOC) in form of senior IAS officers for various countries interested in setting up shops in Rajasthan.
“These IAS officers irrespective of departments they will be heading in future, will continue to follow up after the summit till the business interest culminates in project on ground,” the IAS officer said.
The state government has also played masterstroke by organising investment summit in its first year – giving enough time to government machinery to bring the projects on ground.
“Industries department – the nodal department for this summit- along with all other departments have coordinated well to weave this summit in such a short period. Strategies have been put on ground to woo investors in such a short period, is commendable,” said another IAS officer who was part of last summit during Gehlot's regime.
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.
