Simplified processes, adopted investment-centred approach: Shri Bhajan Lal Sharma, Chief Minister of Rajasthan

Rajasthan Chief Minister Shri Bhajan Lal Sharma said that the State has simplified processes and adopted an investment-centred approach to create a conducive business environment. The Chief Minister was speaking during the Delhi Roadshow of Rising Rajasthan, organised by Bureau of Investment Promotion, Government of Rajasthan with the support of CII as Industry Partner. He said that there are ample opportunities for investment in the State and assured support to investors, highlighting that Rajasthan is the first state in the country to have deputed senior bureaucrats to handhold investment and facilitate their on-ground implementation.

Shri Sharma said that the State Government has created new opportunities by taking bold decisions. Noting that every district in Rajasthan is unique in every aspect from food and culture to agriculture production, he announced that the State will implement ‘One District One Product’. He also announced the setting up of a new college to teach foreign languages to ensure youth can explore employment and business opportunities in other countries.

“The Government of Rajasthan has resolved to build 53,000 km of new roads and 2650 km of greenfield expressways. In terms of energy, the State Government plans to expand production capacity to 33600 MW by 2031-32,” he said. The Chief Minister noted that in the recent Cabinet Meeting, MoUs signed in Mumbai during the last Rising Rajasthan Road Show, worth INR 4.5 lakh crore last month were passed, and land was allotted to companies in sectors like cement, auto components, battery storage, etc.

“Recently, the Cabinet approved the Rajasthan Investment Promotion Scheme 2024. Under this scheme, provisions have been made to attract investment in MSMEs and emerging sectors,” the Chief Minister noted. He said that the Government has initiated a reformative journey that will take us to a new phase of development via the Rising Rajasthan Global Investment Summit. He invited investors, both domestic and from around the world, to explore investment opportunities in Rajasthan. Interested investors can submit investment intent in Rajasthan via the Rajnivesh portal, he added.

The Rising Rajasthan Global Investment Summit is being organized on 9 – 11 December in Jaipur to showcase investment opportunities in the State and deliberate on the reform agendas. During the Delhi Roadshow, several Memoranda of Understanding (MoUs) were exchanged between the Government of Rajasthan and various companies, marking significant investments in the State.

Noting that this is the right time to invest in Rajasthan, Col Rajyavardhan Rathore, Minister, Department of Industry & Commerce, Information Technology & Communications, Youth Affairs & Sports, Skill Development & Entrepreneurship and Military Welfare, Government of Rajasthan highlighted investment opportunities in sectors including tourism, IT, ITES, agriculture, agro-processing, logistics, infrastructure, renewable energy, engineering system designing, green hydrogen, real estate, among others. He said that Rajasthan is among the top two states in green energy. Col Rathore said that Rajasthan is ideal in terms of logistics, minerals, finished products, etc. and is geographically well-located and well-connected with key business centres across the country.

Shri Sudhansh Pant, Chief Secretary, Government of Rajasthan said that today Rajasthan is considered a land of opportunities. He said that work is being done ahead of schedule and noted that decision-making has become 10 times faster. Shri Ajitabh Sharma, Principal Secretary – Industries & Commerce, Government of Rajasthan delivered a presentation on the opportunities available in the State. He highlighted that Rajasthan is growing faster than the national average and shared the State's vision of doubling its economy from the current INR 15 lakh crore to INR 30 lakh crore in the next five years.

Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) said that CII has made it a priority to ensure major manufacturing players from across the country and the world take part in Rising Rajasthan. Noting that India has more than 12 billion sq ft green certified space, he said that CII will set up an IGBC centre in Rajasthan to focus on green products, green cement and green steel, among others. He also announced bringing to Rajasthan CII Centres of Excellence on sustainability, water, food and agriculture, green building and skills & livelihood.

30 September 2024

New Delhi