The Invest Rajasthan Summit is being organized by the state government on October 7-8, 2022 at JECC, Sitapura, Jaipur. This summit will be a grand ceremony in which about 3000 participants from India and abroad will participate. The theme of the Invest Rajasthan Summit 2022 is ‘Committed-Delivered’, as reiterated by the Chief Minister, Ashok Gehlot, in a press conference held at the CM residence on Monday.
Total MoUs signed
The Chief Minister informed that road shows were organised at international, national and state levels from November 2021 to September 2022 before the Invest Rajasthan Summit. The state government signed 4,192 MoUs/LOIs totalling Rs 10.44 lakh crore. Out of 4192 MoUs or LOIs, a total of 1680 MoUs or LoIs are under implementation or in the implementation stage, which is about 40 percent. The foundation stone and inauguration of some of the major MoUs/LOIs will be done at the inauguration ceremony of the Invest Rajasthan Summit on October 7th, 2022.
Conclaves on NRR, Tourism, Startup, Future Ready Sector, and Agri Business
The Chief Minister further informed that the objective of this summit is to attract new investment opportunities available in various growing and developed sectors in Rajasthan. Along with new investments, the other important objectives are employment generation and establishing the state as an industrial destination. He further elaborated that the Invest Rajasthan Summit-2022 would be a two-day event in which the inaugural session would be held on the first day (October 7, 2022) in the presence of many dignitaries in the morning. After the inaugural session, parallel sectoral conclaves will be organized on NRR, Tourism, Startup, Future Ready Sector, and Agri Business.
In these parallel sectoral sessions, eminent personalities from their respective sectors have been invited as speakers. Each session organized under the summit will be different in itself, which will reflect the image of a developed Rajasthan.
MSME Conclave on second day
On the second day of the summit (8 October 2022), an MSME Conclave will be organized to promote the development of small businesses and new investment possibilities available in this area will be discussed.
Energy sector is main investment sector
At the end of the conference, the Chief Minister shared that the energy sector has emerged as the main investment sector with 57% of the proposed investment being in the implementation or under implementation phases of MoU/LOI. Apart from this, chemicals and petrochemicals have 18.2 percent, textiles 9.5 percent, petroleum and gas 5.9 percent, cement 4.6 percent, and textiles 3.4 percent.
On this occasion, the Minister of Industries and Commerce, Shankuntla Rawat, besides the Chief Secretary, Usha Sharma; Additional Chief Secretary, Industries, Veenu Gupta; Principal Secretary to the Chief Minister, Kuldeep Ranka; Secretary to CM, Gaurav Goyal, BIP Commissioner, Om Kasera; and other senior officers were also present. Notably, the Confederation of Indian Industry (CII) has been appointed as the National Partner for organizing the Invest Rajasthan Summit, which is providing exceptional support to the State Government for organizing the Summit.