The ‘Rising Rajasthan‘ Global Investment Summit 2024 has started today in Jaipur, at the Jaipur Exhibition and Convention Centre, making a significant step in the state’s economic development.

The three-day event has been inaugurated by Prime Minister Narendra Modi and attracted global investors, industry leaders, and policymakers, to explore Rajasthan’s growing investment opportunities.

In his opening address PM Modi, admired Rajasthan’s evolution, saying, “Rajasthan is not only rising but also reliable, receptive, and knows how to refine itself.” 

He emphasized the state’s highlighting its potential as a crucial player in India’s economy in rich natural resources and strategic infrastructure.

PM Modi endorsed Make In India and Wed In India during his speech which can eventually make Rajasthan a global attraction in the tourism sector

Leading industrialists showed substantial investment commitments at the summit. Karan Adani, Managing Director of Adani Ports and SEZ Ltd, announced the Adani Group’s plan to invest over ₹7.5 lakh crore (approximately $88.53 billion) in renewable energy and cement sectors. 

This investment includes establishing four new cement plants and the development of a 100 GW renewable energy ecosystem, with more than half of these investments scheduled for execution within the next five years.

Anand Mahindra, Chairman of the Mahindra Group, resumed the company’s longstanding relationship with Rajasthan, which has had a manufacturing presence since 2002. 

He highlighted the success of Mahindra World City Jaipur, which has attracted 143 companies, generated 63,000 jobs, and facilitated exports worth ₹23,000 crore. Mahindra also announced plans to investment of ₹11,000 crore to increase the group’s solar energy projects in the state, from 1 GW to 2.8 GW capacity.

Vedanta Chairman Anil Agarwal emphasized Rajasthan’s abundant natural resources as key to significant economic growth, while Kumar Mangalam Birla, Chairman of the Aditya Birla Group, highlighting Rajasthan’s proactive approach remarked on the intense competition among states to attract investments and willing to invest ₹6000 crore in renewable energy sector.

Deputy Chief Minister Diya Kumari described the summit as a “golden moment for Rajasthan,” in creating a business-friendly environment. 

Chief Minister Bhajan Lal Sharma said the jump in investment interest in the state’s updated policy framework, includes the launch of nine new policies to upgrade the business ecosystem.

The ‘Rising Rajasthan’ summit, features thematic sessions on water security, sustainable mining, finance, inclusive tourism, agribusiness innovations, and women-led startups.

The event is giving a direction to  Rajasthan into a new phase of industrial and economic growth with over ₹30 lakh crore in non-binding investment proposals already signed.

During the summit, Rajasthan stands for transformative development, capitalizing on its resources and strategic initiatives to rise as a leading investment destination in India.

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