Rising Rajasthan Global Investment Summit is being organised on the 9th, 10th and 11th of December 2024 in the state capital, Jaipur.
The 3-day Summit will string together state’s opportunity showcase, strategic thematic sessions, country-sessions, one-on-one business meetings and much more.
These will also include an MSME Conclave and a Pravasi Rajasthani Conclave.
Rising Rajasthan Summit: A Gateway to Investment and Innovation
The Rising Rajasthan Summit is a landmark event that highlights Rajasthan’s growing stature as a hub for investment, innovation, and economic growth. Organized by the Government of Rajasthan, this global investment summit serves as a platform to attract investors, facilitate partnerships, and showcase the state’s potential across diverse sectors. It reflects Rajasthan’s commitment to sustainable development, modern infrastructure, and progressive policies, making it a key destination for global business.
Strategic Importance of Rajasthan
Rajasthan is India’s largest state by area, strategically located as a gateway to the northern and western parts of the country. Its proximity to the Delhi-Mumbai Industrial Corridor (DMIC) and robust connectivity via roads, railways, and airways positions it as a logistical powerhouse. The state is also rich in natural resources, cultural heritage, and skilled manpower, creating an ideal environment for both traditional and emerging industries.
Objectives of the Summit
- Promoting Investment Opportunities
The summit aims to position Rajasthan as a global investment destination by showcasing its strengths in key sectors such as renewable energy, tourism, manufacturing, information technology, and agriculture. - Facilitating Business Partnerships
It serves as a bridge between investors, government representatives, and industry leaders, fostering collaborations that lead to job creation, technological advancement, and economic growth. - Highlighting Policy Reforms
The summit is a platform to present Rajasthan’s investor-friendly policies, including streamlined procedures, tax incentives, and infrastructure development initiatives. - Driving Sustainable Growth
With a focus on renewable energy, eco-tourism, and green industrial practices, the summit underscores Rajasthan’s commitment to sustainability.
Key Features of the Summit
1. Sectoral Focus
The summit highlights investment opportunities in various sectors, including:
- Renewable Energy: Rajasthan is a leader in solar and wind energy. With initiatives like the Bhadla Solar Park, the state attracts global investors in clean energy projects.
- Tourism and Hospitality: Home to iconic destinations like Jaipur, Udaipur, and Jaisalmer, Rajasthan offers immense potential in luxury tourism, eco-tourism, and wellness tourism.
- Agriculture and Food Processing: The state’s vast agricultural resources and innovative water management systems make it a hub for agribusiness and food processing industries.
- Textiles and Handicrafts: Known for its traditional craftsmanship, Rajasthan promotes MSMEs in textiles, jewelry, and handicrafts to enhance exports.
- Information Technology and Startups: Cities like Jaipur and Udaipur are emerging as IT hubs, with policies encouraging startups and technological innovation.
2. Networking and Knowledge Sharing
The summit includes panel discussions, B2B meetings, and keynote sessions featuring industry experts and policymakers. This facilitates the exchange of ideas and best practices among participants.
3. Global Participation
The summit attracts delegates from over 30 countries, including investors, diplomats, and business leaders, fostering international collaborations.
4. Exhibitions and Showcases
Exhibitions at the summit display Rajasthan’s industrial and cultural strengths, offering investors a glimpse into its diverse opportunities.
5. MoUs and Investment Announcements
A highlight of the summit is the signing of Memorandums of Understanding (MoUs) that solidify commitments across sectors. These agreements translate into tangible projects, creating jobs and boosting economic development.
Government Initiatives and Support
The Government of Rajasthan has implemented various policies and initiatives to make the state investment-friendly:
- Rajasthan Investment Promotion Scheme (RIPS)
This scheme offers subsidies on capital investment, interest, and electricity, along with tax exemptions for eligible industries. - Single-Window Clearance
A streamlined system ensures faster approvals for projects, enhancing the ease of doing business in the state. - Sector-Specific Policies
Tailored policies for renewable energy, IT, tourism, and other sectors ensure targeted incentives and support. - Skill Development Programs
Initiatives like the Rajasthan Skill Development Mission aim to create a workforce equipped to meet industrial demands. - Infrastructure Development
Major investments in highways, industrial parks, and urban infrastructure improve connectivity and support industrial growth.
Economic and Social Impact
- Economic Growth
The investments secured during the summit contribute significantly to the state’s GDP, fostering economic development across urban and rural areas. - Job Creation
New industries and projects generate employment opportunities, reducing unemployment and improving livelihoods. - Infrastructure Enhancement
Improved infrastructure, including industrial parks, transportation networks, and urban facilities, benefits both businesses and residents. - Boost to MSMEs
The focus on textiles, handicrafts, and other traditional industries empowers small and medium enterprises, promoting inclusive growth. - Sustainability
The emphasis on renewable energy and eco-friendly practices aligns with global sustainable development goals.
Vision for the Future
The Rising Rajasthan Summit represents not just a celebration of the state’s potential but a clear roadmap for its future. Rajasthan aspires to be a leader in innovation, industrial growth, and sustainable development, while preserving its cultural heritage. By hosting such global events, the state strengthens its position on the world stage and reinforces its commitment to creating a prosperous, inclusive, and forward-thinking economy.