Rajasthan Govt Secures Rs 5.21 Trillion in Investment Proposals Ahead of Summit [Current Affairs]
The Rajasthan government has received investment proposals amounting to over Rs 5.21 lakh crore (approximately USD 62 billion) in the lead-up to the ‘Rising Rajasthan’ Investment Summit 2024. These proposals, received within two weeks of the summit’s announcement, are expected to generate approximately 1.55 lakh direct jobs. This investment sum represents more than 33% of the state’s current Gross State Domestic Product (GSDP), estimated at Rs 15.28 lakh crore for 2023-24.
Key Highlights
Summit Details
The ‘Rising Rajasthan‘ Investment Summit 2024 is scheduled for December 9-11, 2024, in Jaipur. It is organized with the support of the Industry and Commerce Department, Bureau of Investment Promotion (BIP), and RIICO.
Major Proposals Received
The BIP, serving as the nodal agency, has secured proposals from leading Indian and global corporations. The investment projects have significant potential for job creation, with an estimated 1.55 lakh direct employment opportunities.
Economic Impact
The investment proposals received amount to over 33% of Rajasthan’s present economy, highlighting the state’s growing appeal as a major investment destination.
Government Initiatives
The Industries Department, under the leadership of Minister Colonel Rajyavardhan Rathore, has been proactive in positioning Rajasthan as an attractive hub for investment. The department plans to conduct domestic and international roadshows to further engage with national and global investors.
Investor Confidence
The strong response from the investor community underscores increased trust in Rajasthan’s potential and reflects the dedicated efforts of the state’s Industries Department.
Source: currentaffairs by adda247
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