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Calling for investments in Rajasthan’s different sectors like automobile, ESDM, supply chain & logistics, tourism, petroleum, mines and minerals, renewable energy, defence, packaging etc., Chief Minister Shri Sharma said that his government’s efforts to make Rajasthan an ideal investment destination has started to yield positive outcomes and investment MoUs worth over INR 15 lakh rupees have been signed within two months of announcement of ‘Rising Rajasthan’ Global Investment Summit 2024.
The Germany leg of the investor roadshow and oureach is being organized in association with Indian Consulate in Munich and Federation of Indian Chamber of Commerce and Industry (FICCI).
Munich: Chief Minister Bhajan Lal Sharma-led high-level delegation of Government of Rajasthan today participated in ‘Rising Rajasthan’ Investor Roadshow in Munich (Germany) and invited German innovators & investors to set-up units in Rajasthan on the second day of its Germany visit.
Calling for investments in Rajasthan’s different sectors like automobile, ESDM, supply chain & logistics, tourism, petroleum, mines and minerals, renewable energy, defence, packaging etc., Chief Minister Shri Sharma said that his government’s efforts to make Rajasthan an ideal investment destination has started to yield positive outcomes and investment MoUs worth over INR 15 lakh rupees have been signed within two months of announcement of ‘Rising Rajasthan’ Global Investment Summit 2024.
Addressing the German investor community during the ‘Rising Rajasthan’ Investor Roadshow, Chief Minister Shri Bhajan Lal Sharma said, “I invite you all to invest in Rajasthan and join us in building a prosperous future. I want to assure every entrepreneur investing in the state that our government stands with them at every step. We want to strengthen our partnership with a developed country like Germany, which is a potent symbol of scientific innovations, technological prowess, prosperity and development. Rajasthan’s strategic location, robust infrastructure, abundant resources and business-friendly policies make us an ideal business destination for the German companies.”
He also said that India is being looked at as a new supply chain destination for the global companies and “Rajasthan is ready to become the trusted partner of these companies in India due to its pro-active and growth-oriented policies. Rajasthan Government is with you at every step to make your investments prosperous and secure.”
Inviting the German investors to look at the renewable energy sector of the state as their potential destination, the Chief Minister also said that Rajasthan will be expanding its renewable power generation capacity to 115 GW by 2031-32 from the present level of 28 GW, which shall require investment of over INR 5.4 lakh crore.
At the investor roadshow held here, the Government of Rajasthan signed investment MoUs with several German firms, including Albatross Projects, Flixbus, Partex NV, Veauli Techniks GmbH & Ingo Schmitz etc. The investment MoUs were signed in the sectors like defence, mobility, Artificial Intelligence (AI), automobile, and skill development sectors. Moreover, the CM-led delegation interacted with German investors, business groups and innovators during the ‘Rising Rajasthan’ investor roadshow and showcased Rajasthan as one of the most prominent investment destinations in India.
Addressing the gathering, Deputy Chief Minister Ms. Diya Kumari, who is accompanying the Chief Minister in Germany, said, “Rajasthan is poised to unlock its vast potential by embracing innovation, fostering technological advancements, and investing in state-of-the-art infrastructure. Rajasthan is eager to collaborate with Germany on technology-sharing and other key business areas.”
Making a presentation about the growing business opportunities in Rajasthan in the investor roadshow, Shri Rohit Gupta, Commissioner (Industries & Bureau of Investment Promotion), said, “The response to the outreach for the investment summit has been overwhelming. Investors from South Korea, Japan, the UAE, Qatar, and Singapore are keen to set-up businesses in the state. Rajasthan’s commitment to foreign investors is amply visible by the success of the Japanese investment zone at Neemrana and the state is an ideal choice for you to invest.”
Speaking on the occasion, Shri Shatrughna Sinha, Consul General of India in Munich said, “We are ready to be a bridge between Rajasthan and potential German investors and facilitate the investment in close coordination with the Government of Rajasthan.”
Besides the investor roadshow, the CM-led delegation also met with officials of several leading German firms like MULTIVAC Sepp Haggenmüller SE & Co. KG (packaging), HAWE Hydraulik GmbH (engineering), Albatross Projects (defence), Brainlab (healthcare), Yunex Traffic (urban transport) etc. and invited them for making investments in Rajasthan. Moreover, the delegation will also be meeting several other German firms later in the day (Munich time), including Knauf Engineering GmbH, Horizon Group, Veauli Techniks GmbH, Roedl & Partner, Partex etc.
During the meeting with MULTIVAC Sepp Haggenmüller SE & Co. KG, company officials showed interest in expanding their presence in Rajasthan, including in establishing an IT hub in the state, scaling up their operations and tapping into the vast opportunities Rajasthan offers. The company, which is a global leader in integrated processing and packaging solutions for industries such as food, life sciences, healthcare, and industrial goods already, already has a production site in Ghiloth industrial area of the state.
At the end of the day, the Chief Minister-led delegation will also partake in a special ‘Rising Rajasthan’ Tourism Meet to showcase immense potential and growth opportunities in the Rajasthan’s tourism sector and exhort the German investors from the hospitality & real estate sectors to set-up tourism units in the state.
On the first day of its visit to Germany, the delegation held talks with Excellency Dr. Florian Herrmann, Head of the Bavarian State Chancellery and Minister of State for Federal Affairs and invited Germany to participate in the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 as a ‘Partner Country’. The delegation later in the evening took part in a gathering of Non-Resident Rajasthani (NRR) community in Munich as part of state government’s outreach to the NRR community.
Addressing the members of the NRR community, the Chief Minister said, “The fame earned by the Rajasthani community is a matter of pride not only for Rajasthan but the entire country. I am grateful to the community for never forgetting their roots. I urge them to become the bridge between foreign investors and Rajasthan.”
In addition to the CM and Deputy CM, the other members in the delegation include Shri Shikhar Agrawal, Additional Chief Secretary (ACS) to the Chief Minister, Ms. Arti Dogra, Chairperson – DISCOMs & Managing Director, Jaipur Vidyut Vitran Nigam Ltd, Shri Rohit Gupta, Commissioner (Industries & Investments), and other top officials of the Government of Rajasthan.
About the ‘Rising Rajasthan’ Global Investment Summit 2024
The Government of Rajasthan, led by Hon’ble Chief Minister Shri Bhajan Lal Sharma, will be hosting the ‘Rising Rajasthan’ Global Investment Summit 2024 on 9th, 10th, and 11th 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.
The Germany leg of the investor roadshow and oureach is being organized in association with Indian Consulate in Munich and Federation of Indian Chamber of Commerce and Industry (FICCI), which is the summit partner of the ‘Rising Rajasthan’ Global Investment Summit 2024. PwC India is the knowledge partner of the summit.
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