Rising Rajasthan Global Investment Summit 2024 ,Introduction: Rajasthan Poised for Transformation.
Prime Minister Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo at the Jaipur Exhibition and Convention Centre (JECC), highlighting Rajasthan’s growing prominence as a prime investment destination. Addressing a gathering of business leaders, investors, and policymakers, PM Modi commended Rajasthan’s progress and outlined its critical role in India’s economic and industrial growth.
Rajasthan: A Reliable and Rising State
In his address, the Prime Minister remarked that Rajasthan is not just “Rising” but also Reliable, Receptive, and Refined, embracing innovation and progress over time. He praised the state’s skilled workforce, expanding market, and natural resources, positioning it as an attractive investment destination.
“Rajasthan connects two economic powerhouses, Delhi and Mumbai, while offering immense potential in sectors like minerals, renewable energy, tourism, and manufacturing,” he noted.
India’s Economic Milestones: A Decade of Growth
PM Modi spotlighted India’s economic achievements over the past decade:
- India’s rise to the world’s 5th largest economy, up from 11th a decade ago.
- Doubling of exports and Foreign Direct Investment (FDI), with FDI increasing more than twofold since 2014.
- A surge in infrastructure spending, growing from ₹2 trillion to ₹11 trillion annually.
“India’s success demonstrates the power of democracy, demography, digital technology, and efficient delivery systems,” the Prime Minister stated.
Digital Revolution: Driving Transformation in India
PM Modi emphasized India’s leadership in the digital and tech revolution, asserting that the 21st century is both tech-driven and data-driven.
- The number of internet users in India quadrupled in the last decade.
- Innovations like UPI, Direct Benefit Transfers (DBT), and Government e-Marketplaces (GeM) showcase how digital inclusion benefits every sector and community.
“India has shown the world the true potential of democratizing digital technology,” he remarked, adding that Rajasthan will benefit immensely from these initiatives.
Tourism and Heritage: Rajasthan’s Unique Advantage
PM Modi highlighted Rajasthan’s unparalleled potential in heritage, eco-tourism, and adventure tourism, making it a cornerstone of India’s tourism strategy:
- Iconic attractions like Jaipur, Udaipur, Ranthambore, and Jodhpur attract global and domestic tourists.
- Opportunities in wildlife tourism, destination weddings, and film tourism.
“Tourism is a key driver of economic growth, and Rajasthan has all the elements to become a global tourism powerhouse,” he said.
Infrastructure Development: A Game-Changer for Investments
Rajasthan’s connectivity and logistics infrastructure make it a critical hub for industrial growth:
- 250 km of the Delhi-Mumbai Industrial Corridor passes through Rajasthan.
- Modern rail networks like the Dedicated Freight Corridor connect key districts.
- Development of multi-modal logistics parks, sector-specific industrial hubs, and air cargo complexes.
“Rajasthan’s strategic location and robust infrastructure offer immense opportunities for industries, especially in the logistics and dry port sectors,” the Prime Minister emphasized.
MSMEs: Backbone of Rajasthan’s Growth
PM Modi underlined the importance of Micro, Small, and Medium Enterprises (MSMEs) in Rajasthan’s development:
- Rajasthan ranks among the top five states in MSMEs, with over 27 lakh small industries employing more than 50 lakh people.
- The government has implemented a new MSME policy and linked 5 crore MSMEs to formal credit systems, doubling the sector’s credit flow to over ₹22 trillion since 2014.
“India’s MSMEs are empowering global supply chains and strengthening the economy,” he said, urging investors to explore Rajasthan’s potential in this sector.
Manufacturing and Renewable Energy: Key Sectors for Growth
Highlighting Rajasthan’s role in India’s renewable energy goals, PM Modi noted:
- Rajasthan hosts some of India’s largest solar parks, contributing significantly to the target of 500 GW renewable energy capacity by 2030.
- The state has a strong base for automotive manufacturing and is poised to become a leader in electric vehicle production.
“A strong manufacturing base in Rajasthan is essential for both the Indian and global economy,” he stated.
Cultural and Natural Wealth: A Catalyst for Development
The Prime Minister celebrated Rajasthan’s rich cultural and natural resources:
- Blue pottery of Jaipur, Makrana marble, Kota Doria textiles, and Theva jewelry symbolize Rajasthan’s artisanal excellence.
- Agricultural innovations, such as olive and jatropha cultivation in desert regions, reflect the state’s adaptability.
“Rajasthan’s combination of heritage, innovation, and natural resources makes it an unbeatable destination for investors,” he added.
A Call to Action: Invest in Rising Rajasthan
PM Modi concluded with a direct appeal to global investors:
“Rajasthan is ready for your investments. Join us in the journey of Rising Rajasthan and be part of India’s growth story.”
He commended the Chief Minister of Rajasthan and his team for their efforts in fostering a pro-business environment and driving rapid development across sectors.
Conclusion: Rajasthan’s Role in a Self-Reliant India
With its strategic location, robust infrastructure, and skilled workforce, Rajasthan is poised to become a global hub for trade, tourism, and industry. The Rising Rajasthan Global Investment Summit 2024 stands as a testament to the state’s ambitions and its commitment to driving India’s vision of Atmanirbhar Bharat (Self-Reliant India).
The event underscores Rajasthan’s emergence as a key player in India’s growth trajectory, offering investors unparalleled opportunities across diverse sectors.