Rajasthan govt aims to double state's economy to ₹30 trillion in five years

Rajasthan will hold a three-day global investment summit that Prime Minister Narendra Modi is scheduled to inaugurate on December 9. Chief Minister BHAJAN LAL SHARMA, in an online interview with Anil Sharma, spoke about the government's preparations and expectations from the event. Edited excerpts:

- Bhajan Lal Sharma

What are your expectations from the Rising Rajasthan Global Investment Summit? Our government has set a target of doubling the state's economy from its current size of ₹15 trillion to ₹30 trillion in the next five years. The Summit 2024 is an opportunity to attract investment across sectors and breathe new life into the state's industrial network. We are doing a regulatory overhaul, taking pro-business policy reforms and transforming Rajasthan into one of the most preferred investment destinations. The government also has to ensure that the word about Rajasthan's immense investment potential spreads worldwide. Hence, we undertook an extensive investor outreach at key commercial centres by organising investor roadshows in Delhi, Mumbai, South Korea, Japan, the UAE, Qatar, Singapore, the UK, Germany, and Saudi Arabia. The government is committed to converting the signed memoranda of understanding (MoUs) into running projects in the next 3-4 years and creating new job opportunities for the youth.