Ahead of the much-anticipated Rising Rajasthan Global Investment Summit 2024, the state has secured investments worth ₹30 lakh crore through Memorandums of Understanding (MoUs) with both domestic and international investors. Chief Minister Bhajan Lal Sharma spearheaded this ambitious initiative, positioning Rajasthan as a key investment hub in India.
The three-day summit, hosted at the Jaipur Exhibition and Convention Centre (JECC), began on December 9, 2024, and will conclude on December 11, 2024. The event was inaugurated by Prime Minister Narendra Modi, with CM Sharma delivering a welcome address.
A global event with international partners
The summit boasts participation from 32 nations, including 17 partner countries such as Japan, Switzerland, Singapore, Denmark, and South Korea. Over 5,000 industry leaders, investors, and dignitaries are attending, including prominent names like Kumar Mangalam Birla, Anil Agarwal, Anand Mahindra, Sanjeev Puri, and Ajay S Sriram.
Focus on innovation and growth
The event features 12 sectoral sessions that delve into critical themes such as water security, sustainable mining, inclusive tourism, agri-business innovations, sustainable finance, and women-led startups. Eight country-specific sessions are also being conducted on topics like “Water Management for Liveable Cities,” “Versatility of Industries – Manufacturing and Beyond,” and “Trade and Tourism.”
Business leaders will provide insights into Rajasthan’s policy reforms under the current leadership and discuss their implications for industry and economic growth. Delegates from countries including the US, UK, Australia, and Russia are also engaging in dialogue to explore collaborative opportunities.
Rajasthan’s economic landscape
Rajasthan’s Gross Domestic Product (GDP) for 2023-24 is estimated at ₹16 trillion ($190 billion), ranking as the seventh-highest among Indian states. With a projected 17% growth in GDP for 2024-25, the state is poised for significant economic advancement. The per capita GDP is estimated at ₹1.67 lakh for the current fiscal year.
In 2021-22, agriculture contributed 27%, industry 24%, and services 41% to the state’s GDP. Known for its mineral wealth, Rajasthan produces 81 varieties of minerals. Between October 2019 and June 2024, the state attracted ₹1.97 trillion in foreign direct investments.
