Rajasthan Government Delegation, Led by Minister Rajyavardhan Rathore, Invites Singaporean Companies to Invest in the State at the ‘Rising Rajasthan’ Global Investment Summit 2024

Jaipur : A high-level delegation from the Government of Rajasthan, led by the Minister of Industries and Commerce, Colonel Rajyavardhan Rathore, began its four-day visit to Singapore with a series of key meetings aimed at attracting investment to the state. The delegation, which includes Chief Secretary Mr. Sudhansh Pant and Principal Secretary of the Medical and Health Department Ms. Gayatri Rathore, met with Singapore’s Minister of Manpower and Second Minister for Trade and Industry, Dr. Tan See Leng, to discuss potential areas of collaboration.

During the meeting, Colonel Rathore highlighted the Rajasthan government’s initiatives to promote investment in sectors such as solar energy, tourism, and industrial parks. He invited Singaporean companies to explore opportunities in the state and sought the Singaporean government’s cooperation in fostering partnerships. Colonel Rathore also extended an invitation to the ‘Rising Rajasthan’ Global Investment Summit 2024, which will be held in Jaipur from December 9-11, encouraging Singaporean participation in the event.

The delegation also engaged with representatives of leading Singaporean companies and business groups, including those from the Confederation of Indian Industry (CII) India Business Forum. Officials from major Indian companies operating in Singapore, such as Air India, Infosys, Axis Bank, ICICI, and State Bank of India, participated in the discussions, which centered on investment prospects in Rajasthan.

The Rajasthan delegation further met with Enterprise Singapore, a statutory board under the Ministry of Trade and Industry of Singapore. Companies such as Sembcorp, DP Urban, Environsense, Evervolt Green Energy Holding, and Blackstone Singapore expressed interest in exploring investment opportunities, particularly in renewable energy, logistics, tourism, and the development of industrial and business parks.

Colonel Rathore emphasized Rajasthan’s strategic importance within India’s geographic landscape and its favorable business environment across various sectors, including infrastructure, electric vehicles, petrochemicals, and services. He remarked, “The Government of Rajasthan has introduced new business-friendly policies in several sectors, creating immense opportunities for growth and development in our state.”

Chief Secretary Mr. Sudhansh Pant highlighted the recently approved Rajasthan Investment Promotion Policy (RIPS) 2024, which offers numerous incentives to attract investment. He also spoke about the state’s ambitious plans to increase its renewable energy capacity to 100 gigawatts in the coming years and the development of a new high-tech city near Jaipur, which presents significant opportunities for Singaporean companies to contribute to infrastructure development.

Singaporean company executives showed interest in Rajasthan’s investment prospects, particularly in renewable energy, tourism, data centers, and special industrial parks like the Nimrana Japanese region.

The delegation’s visit also included a dinner organized by the High Commission of India in Singapore, where discussions continued on strengthening economic ties between Singapore and Rajasthan.

Rising Rajasthan Global Investment Summit 2024: Government of Rajasthan Attracts Major Investments through Investor Outreach Programs

To ensure the success of the ‘Rising Rajasthan’ Global Investment Summit 2024, which will be organized under the leadership of Hon’ble Chief Minister Shri Bhajan Lal Sharma, the State Government is continuously engaging with top officials from major domestic and foreign investors, institutions, and corporations. These efforts aim to attract large-scale investments to the region and progress toward achieving the vision of a ‘Developed Rajasthan.’

In the last month alone, investor roadshows have been held in key cities, including Delhi, Mumbai, Seoul (South Korea), Tokyo and Osaka (Japan), Dubai and Abu Dhabi (UAE), and Doha (Qatar). These roadshows aimed to build connections with investors, invite them to invest in Rajasthan, and familiarize them with the state government’s investor-friendly policies and opportunities. As a result of this extensive outreach, the Government of Rajasthan has so far secured investment proposals (MoUs) worth over ₹12.55 lakh crore, reflecting the strong confidence of the investor and business communities in the state government’s efforts.

Overview of the ‘Rising Rajasthan’ Global Investment Summit 2024:

The ‘Rising Rajasthan’ Global Investment Summit 2024 will be held in Jaipur, the state capital, from December 9 to 11, 2024. It is being organized by the Government of Rajasthan in collaboration with the Department of Industries 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.

This three-day mega event aims to invite domestic and international companies, organizations, and investors to explore investment opportunities in the state and contribute to the establishment of various industries. The summit will feature dedicated sessions on key sectors, including agriculture, renewable energy, education and skill development, electric vehicles (EV), infrastructure, chemicals and petrochemicals, tourism, startups, mining, and ESDM/IT and ITeS (Information Technology-enabled Services).

The Singapore leg of the Investor Roadshow is being organized in partnership with the Indian High Commission and the Confederation of Indian Industry (CII). CII is the Summit’s Industry Partner for the ‘Rising Rajasthan’ Global Investment Summit 2024, and PwC serves as the Knowledge Partner for the event.