Taj Mansingh Hotel in New Delhi to Host Rajasthan Government's Investment Meet and Roadshow

New Delhi: The Rajasthan government, led by Chief Minister Bhajan Lal Sharma, will organize a two-day investor roadshow in New Delhi on September 30 and October 1, as part of the "Rising Rajasthan Global Investment Summit 2024" scheduled to take place in Jaipur from December 9 to 11. Chief Minister Sharma arrived in New Delhi on Sunday to lead this significant event.

In the lead-up to this investment conclave, similar roadshows have been conducted in major cities including Mumbai, Seoul (South Korea), Tokyo and Osaka (Japan), Dubai and Abu Dhabi (UAE), and Doha (Qatar) over the past month.

The "Rising Rajasthan" Global Investment Summit 2024 will be hosted by the Rajasthan government in collaboration with the Department of Industry and Commerce, the Bureau of Investment Promotion (BIP), and the Rajasthan State Industrial Development and Investment Corporation (RIICO), with BIP serving as the nodal department. The three-day summit aims to invite small and large companies, international organizations, and investors to establish operations in the state, facilitating various industrial ventures and providing necessary support.

The objective of the two-day conference in New Delhi is to inform the business and corporate sectors, investor communities, and national and international agencies about investment opportunities in Rajasthan and to encourage them to invest in the state. The Taj Mansingh Hotel will serve as the venue for this important event.

On the first day, September 30, a delegation from the Rajasthan government, led by the Chief Minister, will participate in the investor meet, where they will meet with chairpersons and CEOs of selected companies. 

On the second day, October 1, a roundtable meeting with various country ambassadors and diplomats is scheduled. During this meeting, the Rajasthan government will share crucial policy changes and details about fiscal and non-fiscal incentives being offered to investors. Invitations have been sent to ambassadors and diplomats from countries including the USA, UK, Germany, Japan, Italy, South Korea, Australia, UAE, Denmark, Indonesia, Malaysia, Singapore, Turkey, Spain, Switzerland, Qatar, Brazil, and South Africa.

On September 30, the Chief Minister’s delegation will also participate in a conclave with the chairpersons and CEOs of Central Public Sector Enterprises (CPSEs), including Hindustan Petroleum, the National Highways Authority of India (NHAI), NTPC, and GAIL India Limited, which are already operational in various sectors of the state. The delegation will inform CPSE officials about the development opportunities and new prospects in sectors such as agriculture, renewable energy, education, skill development, automobiles and electric vehicles (EVs), infrastructure, chemicals and petrochemicals, tourism, startups, mining, and ESDM/IT and ITES.

It is noteworthy that on August 30, the Rajasthan government signed investment proposals (MOUs) worth over ₹4.5 lakh crore during an investor roadshow in Mumbai. Chief Minister Bhajan Lal Sharma aims to transform Rajasthan into a $350 billion economy within the next five years.

Historically, RECO, RFC, and BIP have hosted investment camps in New Delhi over the decades, but their objectives and formats have differed. Initially focused on selling industrial plots, the emphasis later shifted to attracting investment, leading to the development of industrial zones near Alwar district's Bhiwadi and Neemrana, attracting many companies to Rajasthan.

It remains to be seen how successful this investment conference in New Delhi will be following the event in Mumbai.