🔊 Take a moment and listen

A convergence of industry leaders, investors, and policymakers marked the inauguration of the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo at the Jaipur Exhibition and Convention Centre (JECC). Prime Minister Narendra Modi, addressing a distinguished audience, hailed the event as a landmark in Rajasthan’s development, commending the state government for its seamless organization.

Highlighting India’s economic achievements, Modi stated, “India’s economy and exports have nearly doubled in the last 10 years.” He noted the nation’s leap from the 11th to the 5th largest global economy, supported by a surge in Foreign Direct Investment (FDI) and infrastructure spending, which skyrocketed to ₹11 trillion from ₹2 trillion a decade ago. The Prime Minister attributed this success to India’s strengths in democracy, demography, digital innovation, and delivery mechanisms.

Modi emphasized India’s leadership in digital transformation, citing platforms like UPI, Direct Benefit Transfer (DBT), and Government e-Marketplace (GeM) as examples of inclusive innovation. “India has shown how the democratization of digital technology benefits every sector and community,” he remarked.

Turning the spotlight on Rajasthan, Modi praised the state for being not only a rising star but also a reliable partner in development. He highlighted its cultural richness, natural resources, and strides in infrastructure, which have created new opportunities for youth. Rajasthan’s strategic advantages in mineral wealth, renewable energy, and logistics were noted as drivers of investment, making it a vital part of India’s economic map.

The Prime Minister lauded Rajasthan’s contributions to exports, amounting to ₹84,000 crore in the past year, including engineering goods, gems, jewellery, and textiles. He also acknowledged the state’s pivotal role in India’s energy security through its expansive renewable energy initiatives.

Tourism was identified as a cornerstone of Rajasthan’s economy, with Modi underscoring the potential of destinations like Ranthambore and Sariska. He called for increased investments in tourism infrastructure to bolster the state’s appeal to domestic and international travellers.

Also Read | Rajasthan focuses on Eco-Friendly Mining at ‘Rising Rajasthan’ Global Investment Summit 2024

The MSME sector emerged as another focal point, with Rajasthan ranking among India’s top five states in micro, small, and medium enterprises. Modi credited initiatives like the Credit Linked Guarantee Scheme and revised MSME definitions for easing credit access and accelerating growth in this sector. “The MSME sector has the potential to change Rajasthan’s fate,” he asserted.

In his concluding remarks, Modi urged investors to explore Rajasthan’s strengths in manufacturing and tourism. He highlighted the state’s role in connectivity projects such as the Delhi-Mumbai Industrial Corridor and Dedicated Freight Corridor. “We are on a journey to build a self-reliant India,” he declared, reaffirming the government’s commitment to industrial and economic growth.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.