Rajasthan government has shown its aggression to its commitment for industrial growth in its first year only. Sensing the urgency for creating employment opportunities and boosting business environment, the Bhajan Lal Sharma led government harped on holding a global investment summit inviting businesses from across the globe.
While agriculture growth is in a steady state, service sector is growing at a constant pace, all it needs is to inject adrenaline in the industrial and business sector to enter the growth spiral.
Policy backup with enabling environment will give much needed fillip to the economy of Rajasthan which is growing at the rate more than 11% surpassing the national average.
For that Rajasthan, known for its warm hospitality, is hosting investors, corporate honchos and industrialists across the globe at the Rising Rajasthan Global Investment Summit from 9-11 December, 2024.
Rising Rajasthan is different than previous summits:
Timing
The summit is being held in the first year of Bhajan Lal government giving ample time to investors as well as government machinery to bring that plan on ground. Previous editions of the summit – Resurgent Rajasthan -2007, Resurgent Rajasthan -2015 and Invest Rajasthan – 2022 – were planned in the latter half of the tenure of the government.
Online MoUs
Rising Rajasthan provides an opportunity to enter into any kind of memorandum of understanding or investment commitment online on Rajnivesh portal. There is no physical presence needed to sign up with the government. Investors from across the globe can pledge investment at a click of mouse by submitting a one pager MoU form.
Comprehensive study of success of summits by other states
This is for the first time chief secretary led delegation of senior officers went to Uttar Pradesh and Gujarat to study the global summits they organised. Before heralding on to Rising Rajasthan officers incorporated finer points in their strategy for sure shot success.
Involvement of IAS officers at every level
The state government has ensured active participation of at least 43 IAS officers right from the rank of additional chief secretary to those 10 IAS officers of 2022 batch who have got first posting as officer on special duty (OSD) in industries department to host investors coming to participate in the summit.
Senior IAS officers have been made nodal officers to handle investment commitments from specific sector, PSU, countries and states. The chief secretary Sudhansh Pant and chief minister Bhajan Lal Sharma along with his cabinet colleagues have made it a mega state event.
Investment pledged before summit
Even before the summit rolls out, stage government has received investment proposals worth more than Rs 12 lakh crore from Mumbai roadshow and investment on Rajnivesh portal. The aim of the summit is to surpass Uttar Pradesh and Gujarat which have signed MoUS worth Rs 33.5 lakh crore and Rs 26.33 lakh crore respectively in their latest summits.
Revamped and fresh policies to support
The state government has rolled out several fresh policies and revamped existing policies to attract new investors in the state. It is introducing brand new policies on logistics, industrial park, land aggregation, one district one policy, data centre policy, garment and apparel policy, integrated cluster development policy besides revamping industrial policy, msme policy, green hydrogen and solar, wind and biomass energy policy.
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.
