With ₹35 lakh crore in investment commitments, Rajasthan is positioning itself as a powerhouse of industrial and economic growth. Backed by strong leadership, streamlined approvals, and a digital tracking system for MoU implementation, the state is ensuring swift execution of projects. From sector-specific industrial parks to a skilled workforce initiative, Rajasthan is ready to welcome investors into its thriving and business-friendly ecosystem.
Ajitabh Sharma, IAS, Principal Secretary, Industries & Commerce, and Chairman, RIICO, Government of Rajasthan, shares his views on how Viksit Rajasthan vision aligns with Viksit Bharat.
Edited excerpts:
The Prime Minister’s speech at the inaugural session was highly inspiring. How do you see its impact on Rajasthan’s growth?
The Prime Minister’s speech set a strong vision for Viksit Bharat 2047 (Developed India 2047), emphasizing that states must play a key role in this journey. Rajasthan aligns with this vision through Viksit Rajasthan for Viksit Bharat. His speech energized leaders, industrialists, and officials, reinforcing confidence that Rajasthan is emerging as a major investment hub.
Q: Rajasthan’s leadership, both political and bureaucratic, showed great enthusiasm for this summit. How was this energy created?
The key to our success was clear leadership and strategic planning. Our Chief Minister provided a well-defined roadmap, ensuring coordination among departments. We worked on policies, streamlined approvals, and engaged in domestic and international investor outreach. Within just four months, we successfully planned and executed this global summit.
Q: The summit witnessed record-breaking investment MoUs. How do you plan to ensure their implementation?
Signing ₹35 lakh crore worth of MoUs is just the beginning. From December 12, we will focus on converting these MoUs into real investments. We have built a digital tracking system that assigns tasks to departments, ensuring timely clearances. Investors can also track their MoUs in real time. Additionally, there will be weekly reviews at the highest level to resolve any delays.
Q: Industries often face challenges in regulatory processes. What steps are being taken to improve ease of doing business?
Our approach is centered on transparency, proactivity, and delivering solutions. We’ve streamlined the approval process, enhanced our single-window system, and ensured government officials are accountable for making timely decisions. By maintaining clear communication and being upfront about what we can and cannot do, we aim to build trust with investors, ensuring a smooth and efficient experience every step of the way.
Q: Rajasthan is attracting new industries. What are the government’s focus areas for investment growth?
Rajasthan is focusing on creating sector-specific and industrial parks tailored to logistics, renewable energy, tourism, and manufacturing, to boost economic growth. The state plans to implement a comprehensive Skill, Employment & Entrepreneurship Policy, which will not only develop a skilled workforce but also foster entrepreneurship, empowering individuals with the tools to succeed. Additionally, major investments in logistics and infrastructure, including expressways, freight corridors, and water projects, will significantly reduce production costs, positioning Rajasthan as a cost-effective and competitive destination for businesses and industries.Q: What is your message to potential investors looking at Rajasthan?
Rajasthan has undergone a remarkable transformation in its investment ecosystem, enhancing governance, responsiveness, and implementing business-friendly policies. The state is now an attractive destination for both domestic and international investors, offering vast opportunities across various sectors. As we enter the era of Rising Rajasthan, we invite investors to join us in this exciting growth journey and be a part of the state’s success story.
