Over Rs 8 Lakh Crore MoUs Signed at 'Rising Rajasthan' Investor Meet

The 'Rising Rajasthan' Global Investment Summit 2024 investor meet in Delhi secured MoUs worth over Rs 8 lakh crore. The event saw top industry leaders committing to investments across sectors including renewable energy, oil and gas, and logistics. The summit aims to boost Rajasthan's economy to USD 350 billion in five years.

In a significant development, the investor meet for the upcoming 'Rising Rajasthan' Global Investment Summit 2024 was held in the national capital, led by Chief Minister Bhajan Lal Sharma. The meet saw the signing of memorandums of understanding (MoUs) exceeding Rs 8 lakh crore with the Bureau of Industrial Promotion (BIP), the organizing department for the investment summit, aimed at boosting investment in the state.

With the latest MoUs signed in Delhi, the Rajasthan government announced that the total value of investment MoUs has now surpassed Rs 12.50 lakh crore. Top business leaders and industry groups convened at the event, which saw investment commitments across diverse sectors including Renewable Energy, Power Transmissions, Oil and Gas, CNG, Logistics, Cement, and Agrotech.

Key companies that participated and signed MoUs included Tata Power, Indian Oil, Avaada Group, NHPC, Reliance Bio Energy, Torrent Power, Sterlite Power Transmission, Mahindra Susten Private Ltd, THDC India, Oil India, Jindal Renewable Power, Essar Renewables, Indraprastha Gas, Adani Logistics, JK Cement, BL Agro Industries, and Titagarh Rail Systems. The summit, scheduled to take place in Jaipur from December 9th-11th, 2024, will further extend invitations to national and international business leaders, innovators, startups, and other stakeholders to foster investment in the state.

Chief Minister Sharma emphasized that Rajasthan is on the brink of a transformative era, with ambitions to double the state's economy from USD 180 billion to USD 350 billion within the next five years. He highlighted the government's commitment to creating a sustainable future through a series of initiatives designed to attract investment, boost local production, and empower the populace.

Chief Secretary Sudhansh Pant described the investment summit as a prelude to Rajasthan's journey toward becoming a 350-billion-dollar economy. He underscored the state government's commitment to facilitating investment through streamlined policies, regulatory ease, and synergistic partnerships.

The Rajasthan government also gave a presentation highlighting the strategic advantages of investing in the state, notably its proximity to Delhi, and encouraged investors to explore these opportunities. (ANI)

(With inputs from agencies.)