With record-breaking investment commitments of over ₹35 lakh crore, Rajasthan is setting new benchmarks in industrial growth. RIICO‘s proactive global engagement has attracted participation from 35+ countries, fostering international collaborations beyond financial investments.
As Rajasthan gears up for rapid industrial expansion, RIICO remains committed to transforming these commitments into on-ground success through world-class infrastructure and investor-friendly policies, says Inderjeet Singh, IAS, Managing Director, Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO), in a talk with ETGovernment’s Kartik Sharma.
Edited excerpts:
How did RIICO manage to ensure strong global participation in this summit?
Under the leadership of our Chief Minister, Rajasthan’s government made it clear from the very beginning that international engagement was a top priority. RIICO was tasked with ensuring that the global participation at the summit met international standards. To achieve this, senior officials, including the Chief Minister and the Industry Minister, traveled to key countries such as Japan, South Korea, the UK, and Germany to personally engage with governments and businesses. We have seen over 35 countries participate, with ambassadors and high-ranking officials joining the event. This is a clear indication of Rajasthan’s growing international presence.The summit has led to significant investment commitments, exceeding 35 lakh crores. How important was the global participation in achieving these results?
Global participation has certainly played a critical role in this achievement. However, it’s important to note that the summit wasn’t just about securing financial investments. It provided a platform for sharing knowledge and expertise, which will have long-term benefits for the state. For example, the engagement with Singapore focused on industrial development, while Denmark’s expertise in water management provided valuable insights into sustainable practices. These exchanges of ideas and technology will be just as crucial for Rajasthan’s growth as the investment commitments themselves.The Global Business Expo has been a major highlight of this summit. How did you manage to bring together such a wide range of stakeholders?
The Global Business Expo was indeed a significant part of the Rising Rajasthan Summit. With more than 150 exhibitors, we had to limit the number due to space constraints, but the quality of participation was exceptional. The Expo was inaugurated by the Honorable Prime Minister, which added immense prestige to the event. His presence encouraged strong interest from both exhibitors and attendees. We worked hard to ensure a diverse mix of participants, including country pavilions, women’s self-help groups, and young startups. The response has been overwhelmingly positive, and it has been a major success for the summit.
With the commitments made, how will RIICO ensure that the industrial projects in Rajasthan move forward smoothly?
This is where the real work begins. The success of the summit is just the starting point. Over the next few years, RIICO will play a pivotal role in turning these commitments into actual projects on the ground. We are focused on providing the necessary infrastructure, including land, roads, electricity, and water, to support the industrial development. We are also finalizing policies like the Land Aggregation Policy and the Private Industrial Parks Policy to make it easier for industries to set up operations in Rajasthan. Our goal is to create a strong, supportive ecosystem for both large industries and small enterprises.
What lies ahead for RIICO and the industrial development in Rajasthan?
The next few years will be critical for us. While the summit has been a milestone, the focus now shifts to implementing the projects and policies we’ve discussed. RIICO is committed to ensuring that these investments translate into real, on-the-ground progress. We are working hard to enhance the state’s infrastructure, making it more business-friendly, and fostering an environment that attracts both domestic and international investors. The future of industrial development in Rajasthan looks promising, and we are excited to lead the charge.
