Rising Rajasthan Summit 2024 : Global Event to Boost Investments and Position Rajasthan as a Leading Economic Hub.
Jaipur, Rajasthan: In a major milestone, Memorandums of Understanding (MoUs) worth ₹30 lakh crore have been signed by domestic and international investors ahead of the Rising Rajasthan Global Investment Summit 2024. The three-day event, inaugurated today by Prime Minister Narendra Modi, is being held from December 9 to 11 at the Jaipur Exhibition and Convention Centre (JECC) and promises to propel Rajasthan’s economic growth to new heights.
Global Participation from 32 Nations
The summit has drawn participation from 32 countries, with 17 partner nations such as Japan, Switzerland, Singapore, Denmark, and South Korea. Over 5,000 industry leaders, investors, and dignitaries are in attendance, including prominent industrialists like Kumar Mangalam Birla, Anil Agarwal, Anand Mahindra, and Sanjeev Puri.
Rajasthan Chief Minister Bhajan Lal Sharma emphasized the state’s growing appeal as an investment destination, stating, “Rajasthan is on the path to becoming a global economic powerhouse, attracting both domestic and international investors.”
Key Highlights of the Rising Rajasthan Summit
- Sectoral and Country-Specific Focus:
- 12 Sectoral Sessions covering vital topics such as:
- Water Security
- Sustainable Mining
- Inclusive Tourism
- Agri-Business Innovations
- Women-Led Startups
- 8 Country-Specific Sessions, with themes like:
- “Water Management for Livable Cities”
- “Versatility of Industries – Manufacturing and Beyond”
- “Trade and Tourism”
Keynote Insights from Industry Leaders:
Business leaders are set to share perspectives on Rajasthan’s policy reforms under its current leadership and their transformative impact on the state’s business ecosystem.
Collaborative Opportunities:
Delegates from countries including the United States, United Kingdom, Australia, and Russia will explore avenues for collaboration, driving cross-border partnerships in infrastructure, tourism, and industrial development.
Economic Outlook: Rajasthan’s Growth Story
Rajasthan’s economy has demonstrated impressive growth, with its Gross Domestic Product (GDP) for 2023-24 estimated at ₹16 trillion ($190 billion), making it the seventh-largest GDP among Indian states. Key figures include:
- Per Capita GDP: ₹1.67 lakh
- Growth Projection: 17% increase from 2023-24 to 2024-25
The state has emerged as a leading mineral producer, accounting for 81 varieties of minerals, and has attracted ₹1.97 trillion in foreign direct investment (FDI) between October 2019 and June 2024.
A Focus on Sustainability and Innovation
The summit places a strong emphasis on sustainability and innovation, with sessions designed to tackle critical global challenges such as climate resilience, water management, and inclusive economic growth. Rajasthan aims to align its investment goals with green energy, responsible mining practices, and socially inclusive policies.
Positioning Rajasthan as a Global Investment Hub
The Rising Rajasthan Summit underscores the state’s vision to transform into a global investment hotspot. Prime Minister Modi praised the state’s initiatives, remarking, “Rajasthan’s efforts in fostering innovation, economic growth, and global partnerships are setting new benchmarks for India’s development.”
With ₹30 lakh crore in MoUs already signed and a diverse portfolio of investment opportunities, Rajasthan is poised to become a key driver of India’s economic resurgence.
Conclusion: A Bright Future for Rajasthan
The Rising Rajasthan Global Investment Summit 2024 represents a pivotal moment for Rajasthan, showcasing its ability to attract large-scale investments and foster global partnerships. With its strong economic foundation, ambitious growth targets, and a commitment to sustainability, Rajasthan is well-positioned to lead India’s journey toward economic transformation.
Stay tuned as the summit unfolds, bringing exciting developments and forging new pathways for innovation and collaboration.