They say that investors don't need investment summits to take business decisions. If they see any opportunity, they go for the kill.
But then summits are like inviting discerning guests to a restaurant which sumptuous wide varieties of dishes on buffet, tasty enough to increase the appetite.
The success of investment summits should not only be gauged from the scale of investment commitments followed by conversion rate.
Summits like Rising Rajasthan create atmosphere and reflect intent of state government. The conversion percentage of pledged commitments is not more than 20% even in states like Gujarat, which has hosted 10 global investment summits so far. In Rajasthan, the forthcoming summit will only be the fourth edition.
Summits like Rising Rajasthan have pull and push effect. Investors or industrialists engaged in a particular business are sometimes compelled to try their hands in other fields if the state offers investor-friendly policies. So summits like Rising Rajasthan not only provide a platform for the states to showcase their investment potential but also help businesses to have diversified portfolios.
Offers opportunity to diversify portfolio
Summits like Rising Rajasthan not only attract new investors in new fields but also give an opportunity to existing industrialists and investors takes to try their hands in emerging areas which are priority sectors for the state government.
An industrialist having a mega mining business in Rajasthan may be compelled by “alluring policies' to set up a solar plant in the state. The investor will get a fair idea about the policies and priorities of the state government. These business summits not only push investment but also act as facilitator.
Provide a genuine platform for networking and expanding businesses
Summits like Rising Rajasthan provide an apt platform to network with serious businessmen and industrialists and investors from across the globe. It's an ideal platform for business matchmaking under the patronage of state government.
Knowledge sessions and expert talks in such summits enrich the intellect of local players and give them a taste of global practices.
Give facelift to the capital city
Summits are generally being organised in capital city. It gives state governments an opportunity to showcase their best side of the face. In the process, the capital city gets facelift. New roads are laid, new infrastructure is created, lot of government spending is done eventually creating job opportunities also during her course of preparation.
The state government also get investment-ready churning out competitive policies and get an immediate reaction to their policies and rules.
It's cliche to say that the tourism and hospitality industry also get fillip from these summits.
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