Col. Rajyavardhan Singh Rathore, ET Government

In a groundbreaking achievement, Rajasthan secured ₹35 lakh crore in investments within just four months, setting a new benchmark for economic expansion. With 21 new investor-friendly policies, streamlined approvals, and direct land allotments, the state is ensuring swift execution of MoUs. Committed to transparency and growth, Rajasthan is poised to become a premier destination for industries, driving India’s journey toward global economic leadership.

This summit was organized in a record time of four months. What inspired the idea, and how was it executed so swiftly?

Investment summits have become a crucial driver of economic growth across states, a concept pioneered by our Prime Minister during his tenure as the Chief Minister of Gujarat. Rajasthan, too, has hosted such summits in the past, including one in 2015 under former Chief Minister Vasundhara Raje and another by the previous government in its fourth year. However, organizing an investment summit so late in the tenure limits its execution potential. Determined to set a new precedent, we successfully conducted the summit in our very first year, overcoming challenges such as elections and by-elections. This achievement was made possible by the unwavering support of the Prime Minister, the Central Government, and, most importantly, the confidence of investors.

As one of India’s largest states—geographically surpassing several European nations—Rajasthan presents vast opportunities across various sectors, including tourism, IT, logistics, renewable energy, petrochemicals, education, and skilling. The overwhelming investor response, with commitments exceeding ₹35 lakh crore, reflects this immense potential. To enhance clarity and competitiveness, we introduced 21 new investment policies, carefully benchmarked against those of other states. Our vision aligns with the Prime Minister’s goal of making India a developed nation by 2047 and the world’s third-largest economy by 2029, with Rajasthan playing a key role in realizing this national ambition.The summit has witnessed a record number of MoUs. What steps will be taken to ensure their effective implementation?Signing MoUs is just the first step; execution is the real challenge. To ensure commitments materialize, we have introduced investor-friendly policies that streamline approvals, remove bureaucratic hurdles, and offer targeted incentives. Subsidies on freight and transportation support exports, while MSMEs receive financial aid for technology adoption. The single-window clearance system is being strengthened for faster approvals. Land allocation has been reformed—qualifying investors now get direct allotment, and MSMEs benefit from a lottery system instead of auctions. Additionally, our focus on skilling ensures industries have access to a job-ready workforce. These measures will maximize the conversion of MoUs into real projects, driving Rajasthan’s growth.What message would you like to convey to industry stakeholders investing in Rajasthan?
First and foremost, I extend my gratitude to all investors for their confidence in Rajasthan and our government. Rajasthan is a land of immense potential, and its people are known for their resilience and hard work.

The state offers diverse investment opportunities across multiple sectors. Our government is committed to ensuring transparency, efficiency, and complete support for industries. We are dedicated to transforming Rajasthan into one of India’s leading investment destinations.

To all investors looking for a reliable, business-friendly environment—Rajasthan welcomes you.

  • Published On Feb 20, 2025 at 04:41 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETGovernment App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *