Traders, entrepreneurs to play important role in Rising Rajasthan summit

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Rajasthan Chief Minister Bhajan Lal Sharma meets UAE ahead of Rise Rajasthan Global Investment Summit 2024 scheduled to be held in Jaipur from December 9 to 11 Investment Minister Mohamed Hassan Alsuwaidi. |Photo credit: ANI

Traders and entrepreneurs will play an important role in the Rajasthan Investment Summit 2024 scheduled to be held in December, which will promote new partnerships and innovations. Chief Minister Bhajan Lal Sharma described them as “brand ambassadors” for mega events and asked them to invite migrant industrialists settled in other states.

Industrialists and businessmen of Rajasthan expressed their willingness to work side by side with the state government to make the summit a success. While branches of traders associations spread across other countries will work to attract investments, stakeholders have put forward proposals for sectors such as tourism, agriculture, education, mining, handicrafts, renewable energy, textiles, electronics, gems and jewellery.

Migrants from other states like Rajasthan can showcase their industrial skills in their home country, Mr. Sharma said during an interaction with representatives of local business organizations earlier this week. “The extensive network of entrepreneurs and their organizations can play an important role in the success of the upcoming summit by attracting investments,” he said.

The Chief Minister suggested that the states of Andhra Pradesh, Tamil Nadu, Telangana, Karnataka, Assam, Chhattisgarh, West Bengal, Odisha, Jharkhand and States like Bihar organize conferences for immigrants from Rajasthan to attract them to invest in different sectors.

“One area, one product”

Mr. Sharma said that the state government will soon implement the “one district, one product” policy, with special emphasis on “vocalizing for local areas”, encouraging local entrepreneurship and creating new job opportunities. He said the minimum investment limit to qualify for standard service plan incentives has been reduced from Rs 50 million to Rs 250 million.

So far, the state government has signed MoUs worth Rs 1,800 crore ahead of the Rising Rajasthan Summit. Mr. Sharma said all agreements will be implemented locally as viable projects.

Mr. Sharma said the state government is also formulating industrial policy, new startup policy, green hydrogen policy, export promotion policy and logistics and warehousing policy and formulating provisions to make investments easy and accessible.

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