Sunday , November 17 2024

Rajasthan receives investment proposal of 5.21 lakh crores, know how big is the state's economy? | News India

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Within two weeks of the announcement of the dates of the 'Rising Rajasthan' Investor Summit-2024, the Rajasthan government has received investment proposals worth more than Rs 5.21 lakh crore (about $62 billion). According to an official statement, the Bureau of Investment Promotion (BIP) has received these proposals from leading corporate companies of the country and abroad. BIP is the nodal section of this investment summit. These industrial projects are expected to provide direct employment to about 1.55 lakh people. According to the statement, these investment proposals of Rs 5.21 lakh crore received by the state government are more than 33 percent of the current economy of Rajasthan.

Rajasthan's economy is Rs 15.28 lakh crore

Rajasthan's economy is estimated to be Rs 15.28 lakh crore (at current prices) in 2023-24. The Rajasthan government will organise the 'Rising Rajasthan' Investors Summit 2024 in the capital Jaipur on December 9, 10 and 11 this year. The three-day summit aims to attract large and small companies, international organisations and investors from India and abroad to come and work in the state and help set up a variety of industries in the state. Rajasthan's Industry and Commerce Minister Col Rajyavardhan Rathore said, “We are very encouraged by the excellent response and support we have received from investors so far. The Industry Department has been working tirelessly for the last six-seven months to make Rajasthan an attractive destination for investment and this is the result of that.”

Investor confidence increased

The state government will soon organise local and international road shows to meet national and global industrialists, corporates, international organisations, etc. and invite them to invest in the state. Ajitabh Sharma, Principal Secretary (Industries), Government of Rajasthan, said, “The tremendous enthusiasm of investors shows that there has been a significant change in the confidence and potential of investors in Rajasthan in the last few months.