Rajasthan Global Summit 2024 : Rajasthan’s Growth Story Accelerates with Mega Investments.
At the Rising Rajasthan Global Summit 2024, held at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura, Aditya Birla Group Chairman Kumar Mangalam Birla unveiled a ₹50,000 crore investment plan for Rajasthan. The investments will bolster sectors such as cement, renewable energy, telecom, and retail, showcasing the state’s emergence as a hub for industrial and economic growth.
Aditya Birla Group’s Key Investments in Rajasthan
Renewable Energy Expansion
- ₹6,000 crore investment planned over the next two years to advance cleaner energy solutions.
- Focus on harnessing Rajasthan’s abundant natural resources for sustainable energy production.
Cement Production Capacity Boost
- 10 million tonnes expansion in cement production capacity, adding to the existing 20 million tonnes produced by UltraTech Cement in Rajasthan.
- Key infrastructure upgrades planned at the Nathdwara facility to meet rising demand.
Jewellery Manufacturing.
- A new jewellery manufacturing unit to leverage Rajasthan’s artisanal heritage and create employment opportunities.
Why Rajasthan? A Competitive Edge for Investments.
Kumar Mangalam Birla praised the competitive spirit among Indian states, crediting it for fostering a business-friendly environment.
“In my 30-year career, I have never seen such intense competition among states to attract investments. This thriving environment is a testament to cooperative federalism,” said Birla.
He further highlighted Rajasthan’s potential, emphasizing its strengths through the acronym MITR:
- Minerals: Abundant natural resources.
- Infrastructure: Rapidly developing logistics and connectivity.
- Tourism: A global cultural and heritage destination.
- Renewable Energy: A leader in clean energy initiatives.
Rajasthan’s Role in India’s Growth Story
Reiterating the state’s importance, Birla stated:
“As Rajasthan rises, India rises. The success of this state reflects the resilience of its people and the timeless wisdom embedded in its culture.”
He added, “Our roots in Pilani have shaped the Aditya Birla Group into a $65 billion global conglomerate. Rajasthan’s spirit of daring to dream and thrive against odds has fueled our journey.”
A Message to Global Investors
Addressing international investors, Birla extended an invitation to seize the opportunities Rajasthan offers:
“Rajasthan is ready. Are you? Come and be a part of India’s growth story.”
With initiatives like the Vision for Developed Rajasthan 2047, the state has outlined bold goals for:
- Industrial growth
- Job creation
- Poverty eradication
- Enhanced living standards
Rising Rajasthan Global Summit 2024: A Platform for Progress
The three-day event (December 9-11) serves as a platform to showcase Rajasthan’s investment potential. Prime Minister Narendra Modi, along with top industrialists, attended the summit to highlight the state’s development roadmap.
The summit underscores Rajasthan’s growing stature as a preferred destination for global investments, aiming to transform it into a thriving hub for trade, industry, and innovation.
Conclusion: Rajasthan’s Rise is Inevitable
With the Aditya Birla Group’s ₹50,000 crore investment, Rajasthan is set to witness significant economic transformation. The state’s focus on renewable energy, infrastructure, and industrial expansion aligns with India’s growth trajectory, paving the way for a prosperous future.
“Business must be a force for good,” Birla remarked, reaffirming his commitment to Rajasthan’s development. As the state embraces its potential, it stands ready to contribute significantly to India’s vision for a developed economy by 2047.