Grand Opening of Rising Rajasthan Global Investment Summit

The Rising Rajasthan Global Investment Summit commenced grandly on Monday, December 9, with Prime Minister Narendra Modi inaugurating the event.

In his opening address, PM Modi highlighted the government's continuous efforts to empower Micro, Small, and Medium Enterprises (MSMEs) through supportive policies and strategic decisions. He emphasized that Indian MSMEs play a crucial role not only in strengthening India’s economy but also in bolstering the global supply chain.

Here TICE brings you details from Rising Rajasthan Global Investment Summit.

Rising Rajasthan Global Investment Summit

Addressing the summit, PM Modi remarked, “Today, every global expert and investor is optimistic about India. Following the mantra of Reform-Perform-Transform, India has demonstrated remarkable growth across various sectors.”

He noted that the current century is both tech-driven and data-driven, with India leading in the democratization of digital technology to benefit every sector and demographic. India has witnessed a nearly fourfold increase in internet users in recent years, while digital transactions continue to set new records daily. Platforms like UPI and DBT are examples of India’s robust digital infrastructure, with Rajasthan set to experience the benefits and impact of these advancements.

PM Modi emphasized the need for a resilient system that remains operational during major crises, which requires a strong manufacturing base in India.

PM Modi Appeals to Investors to Explore Opportunities in Rajasthan

PM Modi addressed global investors and industrialists, urging them to consider Rajasthan for their ventures. He introduced the concept of the “R Factor,” describing Rajasthan as not only Rising but also Reliable and Receptive. He praised the state’s ability to refine itself over time, making it an emerging prime destination for investments.

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He further highlighted Rajasthan's skilled workforce and expanding market as key factors contributing to its appeal for investors.

PM Modi stated, “When Rajasthan reaches new heights of development, the entire nation benefits.”

He lauded Rajasthan’s rich resources, including its mineral wealth and connectivity to major economic hubs like Delhi and Mumbai. He also outlined government initiatives such as multi-modal logistics parks and air cargo ports, designed to boost Rajasthan’s economic potential.

Encouraging investors to explore Rajasthan’s manufacturing sector, he pointed to the state's robust automobile and auto-component base and the upcoming MSME conclave.

“The state has made significant progress in introducing new MSME policies, linking 5 crore MSMEs to the formal economy,” he added.

Chief Minister Bhajanlal Invites Investors

Prior to PM Modi’s speech, Rajasthan Chief Minister Bhajanlal addressed the gathering, crediting the Prime Minister for elevating India’s global stature. CM Bhajanlal underlined Rajasthan’s immense potential in sectors like minerals, tourism, education, and healthcare.

The summit also featured prominent industrialists, including Anil Agarwal, Karan Adani, Kumar Mangalam Birla, and Anand Mahindra, who addressed the inaugural session. The event, themed Rising Rajasthan: Replete, Responsible, Ready, is being held at the Jaipur Exhibition and Convention Centre, Sitapura, from December 9 to 11. It includes several conclaves, seminars, and cultural programs, as well as country sessions with delegations from the US, Germany, Singapore, South Korea, Japan, Malaysia, Denmark, and Brazil.

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Kumar Mangalam Birla Announces ₹50,000 Crore Investment

In a significant announcement during the inauguration, industrialist Kumar Mangalam Birla pledged an investment of ₹50,000 crore in Rajasthan over the next two years. Of this, ₹10,000 crore will be directed toward the renewable energy sector. Birla highlighted his family’s deep-rooted connection with Rajasthan, noting the success of Ultratech Cement’s unit in the state, which has an annual production capacity of 20 million tons. Additionally, his company plans to invest in Rajasthan's fashion and retail sectors.

This grand summit marks a new chapter in Rajasthan’s journey as a premier investment destination, promising significant economic growth and global collaboration.

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