Rajasthan government signed investment MoUs with leading German companies, including Albatross Projects, Flixbus, Partex NV, Veauli Techniks GmbH and Ingo Schmitz etc during an outreach programme of Rajasthan delegation led by chief minister Bhajan Lal Sharma, who is on a mission to bring investment from across the globe at the Rising Rajasthan Global Investment Summit to be held from 9-11 December.
The investment MoUs were signed in the sectors like defence, mobility, Artificial Intelligence (AI), automobile, and skill development sectors. So far investment MoUs worth over Rs 15 lakh crore have been signed within two months of announcement of the summit.
Inviting investments in Rajasthan's different sectors like automobile, ESDM, supply chain & logistics, tourism, petroleum, mines and minerals, renewable energy, defence, packaging, chief minister Sharma said that his government's efforts to make Rajasthan an ideal investment destination has started to yield positive outcomes.
“I invite you all to invest in Rajasthan and join us in building a prosperous future. I want to assure every entrepreneur investing in the state that our government stands with them at every step. We want to strengthen our partnership with a developed country like Germany, which is a potent symbol of scientific innovations, technological prowess, prosperity and development,” he said.
Push for renewable energy sector
Inviting the German investors to look at the renewable energy sector of the state as their potential destination, the Chief Minister also said that Rajasthan will be expanding its renewable power generation capacity to 115 GW by 2031-32 from the present level of 28 GW, which shall require investment of over Rs 5.4 lakh crore.
Deputy Chief Minister Diya Kumari, who is part of delegation said that Rajasthan is poised to unlock its vast potential by embracing innovation, fostering technological advancements, and investing in state-of-the-art infrastructure.
“Rajasthan is eager to collaborate with Germany on technology-sharing and other key business areas,” she said.
Giving a presentation about the growing business opportunities in Rajasthan in the investor roadshow, Rohit Gupta, Commissioner (Industries & Bureau of Investment Promotion), said that the response to the outreach for the investment summit has been overwhelming.
“Investors from South Korea, Japan, the UAE, Qatar, and Singapore are keen to set-up businesses in the state. Rajasthan's commitment to foreign investors is amply visible by the success of the Japanese investment zone at Neemrana and the state is an ideal choice for you to invest,” he said.
Besides the investor roadshow, the CM-led delegation also met with officials of several leading German firms like MULTIVAC Sepp Haggenmüller SE & Co. KG (packaging), HAWE Hydraulik GmbH (engineering), Albatross Projects (defence), Brainlab (healthcare), Yunex Traffic (urban transport) etc. and invited them for making investments in Rajasthan.
Apart from that, the delegation also participated in a special ‘Rising Rajasthan' Tourism Meet to showcase immense potential and growth opportunities in the Rajasthan's tourism sector and exhort the German investors from the hospitality & real estate sectors to set-up tourism units 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.
