The Rising Rajasthan Global Investment Summit 2024 kicked off today at the Jaipur Exhibition and Convention Centre (JECC), marking the beginning of a three-day event that has already secured investments worth ₹30 lakh crore through MoUs with domestic and international investors. The ambitious initiative, spearheaded by Chief Minister Bhajan Lal Sharma, aims to position Rajasthan as a premier investment destination in India.
The summit was inaugurated by Prime Minister Narendra Modi, followed by an opening address from CM Sharma. With participation from 32 countries, including 17 partner nations such as Japan, Switzerland, Singapore, Denmark, and South Korea, the event brings together over 5,000 industry leaders, investors, and dignitaries. Prominent industrialists including Kumar Mangalam Birla, Anil Agarwal, Anand Mahindra, Sanjeev Puri, and Ajay S Sriram are among the attendees.
Focus on Sectoral Growth and Collaboration
The summit features 12 sectoral sessions on diverse themes like water security, sustainable mining, agri-business innovations, inclusive tourism, and women-led startups. Additionally, eight country sessions are set to explore topics such as “Water Management for Liveable Cities,” “Versatility of Industries – Manufacturing and Beyond,” and “Trade and Tourism.”
Discussions will delve into the impact of policy reforms under Rajasthan‘s current leadership, with business leaders and international delegates from the US, UK, Australia, and Russia exploring collaborative opportunities across sectors.
Rajasthan’s Economic Powerhouse Status
Rajasthan’s economy is making significant strides, with its GDP for 2023-24 estimated at ₹16 trillion ($190 billion), ranking seventh among Indian states. The per capita GDP for the same period is projected at ₹1.67 lakh. The state’s GDP is expected to grow by 17% from 2023-24 to 2024-25.
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Agriculture, industry, and services contributed 27%, 24%, and 41% to Rajasthan’s GDP in 2021-22. Known as a mineral hub, Rajasthan boasts 81 varieties of minerals and has attracted ₹1.97 trillion in foreign direct investment between October 2019 and June 2024.
Global Platform for Innovations and Investments
With a focus on attracting investments and fostering collaborations, the Rising Rajasthan Global Investment Summit 2024 is set to drive transformative growth for the state, offering a global platform for innovation and sectoral advancements.