Rajasthan CM Bhajan Lal Sharam accompanied by Deputy CM Diya Kumari announce attractive incentives to lure investors to Rajasthan, Rahul Laud reports
Continuing the investor outreach in the United Kingdom ahead of ‘Rising Rajasthan’ Global Investment Summit 2024, Chief Minister Shri Bhajan Lal Sharma and members of the Government of Rajasthan delegation held meetings with several British firms and participated in the ‘Rising Rajasthan’ Investor roadshow in London.
Chief Minister Shri Bhajan Lal Sharma announced Jaipur to be developed as a sports hub. He also stated that he was eager to work closely with British companies to enhance Rajasthan’s manufacturing capabilities: Sharma also offered attractive schemes to UK investors from EV, advanced manufacturing, food processing, fintech, health, sports, private equity and innovation and renewable energy sectors to make investments in Rajasthan.
The Rajasthan government signed investment MoUs with Royal Multisport Pvt Ltd (owner of Rajasthan Royals Cricket Team). Apart from the delegation members, Shri Manoj Badale, owner of Rajasthan Royals, Kumar Sangakkara, former Sri Lankan Cricket player and Director of Cricket for the Rajasthan Royals were present on the occasion.
The government also signed MoU with Indo-UK Institute of Health, ReNew Power, Hindustan Silicon Resources Ltd and with firms from Defence, Sports, Bio-medical Waste Treatment and Renewable Energy sectors .
Speaking on the occasion, Chief Minister Shri Bhajan Lal Sharma said, “Our efforts to make Jaipur a sports hub has got a big boost today. For this, we have signed an MoU with the officials of Royal Multisport Private Limited, the owner company of Rajasthan Royals cricket team, at Lord’s Cricket Stadium today. Under this, the stadium and other infrastructure will also be developed to promote sports inside Jaipur.”
Earlier, during the investor roadshow in London held last evening, Chief Minister Shri Bhajan Lal Sharma, accompanied by Deputy Chief Minister Ms. Diya Kumari, H.E. Mr Vikram K Doraiswami, High Commissioner of India to United Kingdom and other members of the Rajasthan government delegation, also unveiled Rajasthan Investment Promotion Scheme (RIPS) 2024 – the flagship investment promotion scheme of the state- – before the investors, announcing new incentives for IT, Power, Logistics sectors and new additions on the list of sunrise sectors.
Sharma said, “We are eager to work closely with British companies to enhance Rajasthan’s manufacturing capabilities. We have an ambitious target of doubling Rajasthan’s economy from $180 billion to $350 billion in the next five years and the world-renowned expertise of UK-based firms in sectors such as automotive, Electric Vehicles (EV), Design and Advanced Manufacturing can prove immensely beneficial not only to Rajasthan but the whole of India.”
While speaking at the investor roadshow, Vikram K Doraiswami, High Commissioner of India to the United Kingdom, said, “We are elated to see the extensive outreach undertaken by the Government of Rajasthan before the investor summit. The Indian High Commission will be happy to connect the UK-based investors with the Government of Rajasthan officials.”
At the Tourism Meet, Dy CM Diya Kumari focussed her state’s interests to grow wellness and well being tourism segments. She also averred that her tourism ministry would explore the beauty of Rajasthan villages to attract global audiences.
In addition to the CM and Deputy CM, the other members of the delegation in Britain included Shri Shikhar Agrawal, Additional Chief Secretary (ACS) to the Chief Minister, Shri Rohit Gupta, Commissioner (Industries & Investment Promotion), and other top officials of the Government of Rajasthan.
The Government of Rajasthan, led by Hon’ble Chief Minister Shri Bhajan Lal Sharma, will be hosting the ‘Rising Rajasthan’ Global Investment Summit 2024 on 9th, 10th, and 11th December 2024 in the capital, Jaipur. The UK leg of the investor roadshows was organized in association with the High Commission of India in London as well as with the Federation of Indian Chamber of Commerce and Industry (FICCI), which is the industry partner of the ‘Rising Rajasthan’ Global Investment Summit 2024. PwC India is the knowledge partner of the summit.