Expect unexpected gains for the state from Rajasthan Investor Summit
‘Invest Rajasthan’ is the state’s active investor outreach program consisting of domestic, national and international investor meets, embassy connect programs and virtual seminars. The objective of the program is to solicit investment proposals, process them on a mission mode and implement them.
Attended by business stalwarts, development organisations, professionals, policy makers and senior government officials, the event is an ideal platform for valuable deliberations to formulate a curriculum for balanced and sustainable socio-economic development of the state. Will happen.
The state is focusing on investment in tourism, but what is surprising is that investors are looking beyond tourism and focusing on sectors like green energy.
Tourism is definitely Rajasthan’s strongest brand and is growing rapidly with better hotels and infrastructure, especially air and road connectivity. Of late, tourist destinations have also become expensive wedding venues.
But the recent trend shows that wildlife tourism is growing rapidly and since wildlife tourism remains a state subject and investors have no control over safari parks, they confine themselves to building resorts and hotels.
The desert, which was a curse for Rajasthan, has turned into a haven for green energy and the state is now the country’s largest center for solar energy. Solar Energy is now the biggest brand of Rajasthan. The desert wastelands are now booming with solar energy and the great availability of desert land has made the state an ideal location for setting up solar power projects.
The state is also likely to continue to attract investments in solar generation and wind power. Currently, it generates 14,500 MW of solar power and by 2030 this figure will reach 100 GW. Thus, in line with the central government’s target of 500 GW by 2030, Rajasthan will automatically generate 100 GW, thus contributing twenty percent of the country’s target, making the state a strong and unmatched brand in the solar energy sector.