Rising Rajasthan: Industry Minister Rajyavardhan Rathore welcomes UAE investors at Dubai Meet

Col. Rathore-led delegation meets companies in logistics, real estate, petrochemicals, financial services, health, renewable energy, and AI filmmaking sectors.

Dubai: Seeking to invite investors for making investments in Rajasthan, Minister of Industry and Commerce Col. Rajyavardhan Rathore-led high level delegation of Government of Rajasthan met His Excellency Dr. Thani bin Ahmed Al Zeyoudi, United Arab Emirates’ Minister of State for Foreign Trade and participated in the investors roadshow of ‘Rising Rajasthan’ Global Investment Summit 2024 in Dubai on 17th September, 2024.

Besides that, Col. Rathore and other members of the delegation also held meetings with several leading companies of UAE as well as with members of UAE chapter of UAE-India Business Council. The minister-led delegation rolled out the red carpet and invited the UAE-based business groups and investors to make investments in Rajasthan.  

Speaking at the Dubai investors’ meet, Industry and Commerce Minister, Government of Rajasthan, Col. Rajyavardhan Rathore said, “Rajasthan is working under the over-arching vision of Hon’ble Prime Minister Shri Narendra Modiji to turn India into the third largest economy in the coming years and a developed country by the centenary year of independence. Rajasthan, being an economically prominent state, has its task cut out to contribute to the vision of ‘Viksit Bharat’. The political will of the government to alleviate the business environment is amply demonstrated by the decision to host the investment summit in the very first year of the government’s tenure. A complete revamp of the policy framework has been undertaken and new policies are going to be launched in the coming days to ensure that the investors are able to do business at the least possible cost and in the most hassle-free manner.”

Talking to The Brew News, Col. Rajyavardhan Rathore said, “The new government of the state is committed to giving a conducive atmosphere to the investors. Rajasthan has youth power, a rail network, a massive land bank, and many prospects for new industry. We are committed to taking our economy from 15 lakh crore to 30 lakh crore.

This initiative of the state government was started within 4 months of the new government, which guaranteed positivity to new investors. I got many letters of intent from NRI investors: chemicals & petrochemicals, oil and gas, real estate, logistics, solar and renewable energy, and hospitality.

We have appointed 25 nodal officers, for each country, whom we are targeting, to ease the process of paperwork and government process.”

At the Dubai investors’ meet, Col. Rathore led delegation held a round of discussions with several companies belonging to logistics, real estate, petrochemicals, financial services, health, renewable energy, AI filmmaking  sectors the sectors of solar & steel manufacturing, healthcare, among others. This includes meetings with business groups associated with the UAE chapter of UAE-India Business Council (UIBC) including officials of Kef Holdings, DP World, Lulu Financial Holdings, Emirates NBD, Sharaf Group, EFS Facilities among others and invited them to explore opportunities in the state.

Besides that, delegation also held discussions with Dubai Cable Company Pvt Ltd (Ducab), Gulf Islamic Investments, Transworld, Tecton Engineering and Construction LLC, Abacus Chemie LLC among others. The companies were invited to explore the business prospects in the state and participate in the ‘Rising Rajasthan’ Global Investment Summit, to be held at Jaipur on 09, 10, and 11 December 2024. 

During the investors meet today, a presentation was made, and a film was played before the investors community, highlighting the core strengths of the state, key investment areas and showcased the collaborative potential across sectors such as chemicals & petrochemicals, oil and gas, real estate, logistics and hospitality.

Making the presentation at the investors’ meet, Sourabh Swami, Additional Commissioner (Investments), Bureau of Investment Promotion, Government of Rajasthan said, “The scope of business collaboration between Rajasthan and UAE is immense due to the existing enabling factors such as local currency settlement system, Comprehensive Economic Partnership Agreement (CEPA) between India and UAE and Most Favored Nation (MFN) tariff arrangement among others. Under a proactive governance model, industry friendly regime and key fiscal incentives, Rajasthan is going to emerge as one of the most industry-friendly business jurisdictions for the UAE investors.”

Speaking during the investors’ meet, Satish Kumar Sivan, Consul General of India in Dubai said, “I urge the business groups and trade bodies based out of UAE to explore the investment opportunities in Rajasthan. The consulate office in Dubai will be more than willing to put the interested investors in touch with the officials in Rajasthan and help facilitate their investment into the state.”

Besides the Minister, the high-level government delegation also includes Shri Sidharth Sihag, Joint Secretary to Hon’ble Chief Minister, Shri Sourabh Swami, Additional Commissioner, Bureau of Investment Promotion (BIP), among others. The delegation will also visit Qatar after the UAE-leg and invite the investors to do business in Rajasthan.

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It is to be noted that Government of Rajasthan is undertaking an extensive outreach across the key commercial centers across India and around the world as part of the ‘Rising Rajasthan’ Global Investment Summit 2024. Recently, a high-level delegation led by Hon’ble Chief Minister Shri Bhajan Lal Sharma visited South Korea and Japan, during which several companies and associations expressed interest in doing business in Rajasthan.

About the ‘Rising Rajasthan’ Global Investment Summit 2024:

The Government of Rajasthan, led by Chief Minister Shri Bhajan Lal Sharma, will be hosting the ‘Rising Rajasthan’ Global Investment Summit 2024 on 9^th, 10^th, and 11^th December 2024 in the capital, Jaipur. The 3-day mega summit, which aims to attract and facilitate global investment, innovation, and partnerships in the state, is organized with the support of the Industry and Commerce Department, Bureau of Investment Promotion (BIP), and RIICO, with BIP serving as the nodal department for this summit. During the summit, special plenary sessions will be organised on different focus sectors, including Agriculture, Renewable, Education and Skilling, Auto and EV, Infrastructure, Chemical and Petro-chemical, Tourism, Startups, Mining and ESDM/IT and ITeS and others.