The Summit, which will be held from December 9-11, is envisaged to promote Rajasthan as a top-tier hub for investment and innovation
The Rising Rajasthan Global Investment Summit 2024 will bring together global investors, NRIs, industry leaders, and policymakers to bring investments to the state
Besides insightful thematic sessions, the Summit will hold Pravasi Rajasthani Conclave and MSME Conclave
Prime Minister Narendra Modi inaugurated the three-day ‘Rising Rajasthan Global Investment Summit 2024’ on December 9 at JECC, Jaipur. The Summit, which will be held till December 11, is envisaged to promote Rajasthan as a top-tier hub for investment and innovation, drawing global investors, NRIs, industry leaders, and policymakers.
It will present a comprehensive showcase of the opportunities in the state through strategic thematic sessions, country-specific discussions, facilitating one-on-one business meetings, and more.
“The state has committed itself to realisation of the ‘Viksit Bharat – Viksit Rajasthan’ vision and we have drawn up an action plan towards becoming a $350 Bn economy in the next five years. I see our youth, women, farmers and the underprivileged as the biggest beneficiaries of this far-reaching economic transformation of the state in the coming years. We recognise the role that the private sector can play in assisting the state to move on this growth trajectory and are working on an extensive overhaul of the policy environment for a quantum enhancement in ease of doing business,” Rajasthan chief minister Bhajan Lal Sharma said about the Summit.
Known for its forts and palaces, Rajasthan has emerged as a key entrepreneurial destination over the last few years. The state boasts over 3,700 DPIIT-registered startups across sectors such as enterprise tech, ecommerce and edtech. Its capital Jaipur is home to more than 53% of these startups, driven by a skilled talent pool and favourable government policies.
The iStart programme, launched in 2017 by the state government, has been pivotal in this growth, providing funding, mentorship, and infrastructure support to emerging businesses. It is among the largest startup programmes in India, available in every district of Rajasthan and is open to startups from all states. It has 5100+ registered startups, 1700+ women-led startups, 300+ registered mentors, and has INR 35 Cr+ investment sanctioned to support startups. It also offers mentorship and funding to school startups and has conducted 100+ events to support young entrepreneurs.
Key Focus Areas Of the Summit
On December 10, the second day of the event, 75 startup founders and key participants will be a part of a breakfast roundtable with Vijay Shekhar Sharma, founder, Paytm, Ritesh Agarwal, founder, OYO Rooms, to discuss ‘Building a Robust Startup Ecosystem in Rajasthan’.
Across the three days, iStart will set up a startup pavilion, where many startups will showcase their products and services. Of these, 20 selected startups will get a chance to engage in an interaction with PM Modi. This will be a part of the Rajasthan Global Business Expo, an expansive exhibition showcasing different pavilions from leading companies and government departments from across the country.
The Summit shall also host a Pravasi Rajasthani Conclave, designed to engage with the diaspora community and a MSME Conclave, dedicated to promoting micro, small, and medium enterprises (MSMEs), which are the key drivers of the state’s economic growth.
Rajasthan, A Hub For Innovation & Entrepreneurship
While Rajasthan has established its name as a leading source of innovation and entrepreneurship, the Summit aims to further its position and attract investments in newer areas.
Over INR 20 Lakh Cr worth of Memorandums of Understanding (MoUs) are expected to be signed during the three-day Summit.
The state government aims to secure investments across various sectors, with a special focus on renewable energy, digital transformation, and inclusive tourism. Besides, job creation and facilitation of partnerships with international entities and diaspora members to bring new technologies and expertise to the state are among the key goals for the Summit.
It will also provide a platform for successful startups to show their products and services and connect with investors and industry leaders.
