Jaipur to be developed as a sports hub in collaboration with owners of Rajasthan Royals’: Chief Minister Bhajan Lal Sharma
Eager to work closely with British companies to enhance Rajasthan’s manufacturing capabilities’: Chief Minister Bhajan Lal Sharma
Chief Minister Bhajan Lal Sharma exhorts UK investors from EV, advanced manufacturing, food processing, fintech, health, sports, private equity and innovation renewable energy sectors to make investment in Rajasthan
Chief Minister unveils Rajasthan Investment Promotion Scheme 2024 at London investor roadshow; announces new incentives for IT, Power, Logistics, inclusion of new sunrise sectors
• Rajasthan government signs investment MoUs with Royal Multisport Pvt Ltd (owner of Rajasthan Royals Cricket Team), Indo-UK Institute of Health, ReNew Power, Hindustan Silicon Resources Ltd.
• MoUs signed with firms from Defence, Sports, Bio-medical Waste Treatment and Renewable Energy sectors .
*Anubhav Bhatnagar
Jaipur, October 18, Continuing the investor outreach in the United Kingdom ahead of ‘Rising Rajasthan’ Global Investment Summit 2024, Chief Minister Bhajan Lal Sharma and members of the Government of Rajasthan delegation held meetings with several British firms and participated in the ‘Rising Rajasthan’ Investor roadshow in London.
In a bid to support the sports culture in the state, the CM-led delegation had a productive discussion with the officials of Royal Multisport Pvt Ltd, owner of Rajasthan Royals cricket team at London’s Lords cricket ground. The company exchanged an MoU with the delegation to develop the city of Jaipur as a sports hub accompanied with the facilities like stadium, sports training hub, sports medicine, other sports facility etc. Apart from the delegation members, Manoj Badale, owner of Rajasthan Royals, Kumar Sangakkara, former Sri Lankan Cricket player and Director of Cricket for the Rajasthan Royals were present on the occasion.
Speaking on the occasion, Chief Minister Bhajan Lal Sharma said, “Our efforts to make Jaipur a sports hub has got a big boost today. For this, we have signed an MoU with the officials of Royal Multisport Private Limited, the owner company of Rajasthan Royals cricket team, at Lord’s Cricket Stadium today. Under this, the stadium and other infrastructure will also be developed to promote sports inside Jaipur.”
Besides the above, the Chief Minister led delegation met with the officials of a number of UK-based firms from the health, renewable energy, sports, capital investment, EV, advanced manufacturing, food processing, fintech and renewable energy sectors and innovation sectors. This includes meetings with the officials of National Institute for Health and Care Excellence (NICE) and visiting the campus of Imperial Innovation Hub – Scale Space, which is situated on the campus of London’s Imperial College and explored. During the visit, the delegation explored collaboration opportunities between Scale Space and the Rajasthan-based educational institutions, academia and industry partners.
Earlier, during the investor roadshow in London held last evening, Chief Minister Bhajan Lal Sharma, accompanied by Deputy Chief Minister Diya Kumari, H.E. Vikram K Doraiswami, High Commissioner of India to United Kingdom and other members of the Rajasthan government delegation, also unveiled Rajasthan Investment Promotion Scheme (RIPS) 2024 – the flagship investment promotion scheme of the state- – before the investors, announcing new incentives for IT, Power, Logistics sectors and new additions on the list of sunrise sectors.
Notably, the delegation also exchanged investment MoUs with Indo-UK Institute of Health, Hindustan Silicon Resources Ltd, and ReNew Power in the respective sectors of Bio-medical waste treatment, defence, sports and renewable energy (solar/wind/hybrid and storage).
Speaking at the ‘Rising Rajasthan’ investor roadshow, Chief Minister Bhajan Lal Sharma said, “We are eager to work closely with British companies to enhance Rajasthan’s manufacturing capabilities. We have an ambitious target of doubling Rajasthan’s economy from $180 billion to $350 billion in the next five years and the world-renowned expertise of UK-based firms in sectors such as automotive, Electric Vehicles (EV), Design and Advanced Manufacturing can prove immensely beneficial not only to Rajasthan but the whole of India.”
Noting UK’s expertise in sectors such as education and food-processing, Deputy Chief Minister Diya Kumari said before the investors, “Our progressive policies have attracted substantial foreign direct investment, solidifying our position as a leading force in economic growth. Together, we can unlock our State’s massive resources and write a new chapter in our history—a chapter defined by growth, innovation, and lasting success.”
Vikram K Doraiswami, High Commissioner of India to the United Kingdom, while speaking at the investor roadshow, said, “We are elated to see the extensive outreach undertaken by the Government of Rajasthan before the investor summit. The Indian High Commission will be happy to connect the UK-based investors with the Government of Rajasthan officials.”
Making a presentation on the investment opportunities in the state, Rohit Gupta, Commissioner Industries and Bureau of Investment Promotion, said, “Replete with reserves of minerals & abundant land parcels, the state of Rajasthan has emerged as one the most business-friendly jurisdictions. With innate strengths in sectors such as tourism, textiles, petrochemicals and renewable energy, Rajasthan is poised for transformative growth.”
Besides the above, the delegation also held a meeting with the officials of Indo-UK Institute of Health (IUIH) – a UK-based charitable trust, and Alpha Wave, a global investment company as well as with Sumant Sinha, Founder, Chairman and CEO of ReNew Power, an India-based renewable energy company yesterday evening. During the meeting with IUIH, the charitable trust pledged to set-up a bio-medical waste treatment plant in Rajasthan and signed an investment MoU to that effect.
Previously during the Germany visit, the delegation had signed investment MoUs with several German firms, including Albatross Projects, Flixbus, Partex NV, Veauli Techniks GmbH & Ingo Schmitz etc. The investment amount pledged under the banner of ‘Rising Rajasthan’ Global Investment Summit 2024 so far has reached over INR 15 lakh crore.
In addition to the CM and Deputy CM, the other members in the delegation that is in Britain include Shikhar Agrawal, Additional Chief Secretary (ACS) to the Chief Minister, Rohit Gupta, Commissioner (Industries & Investment Promotion), and other top officials of the Government of Rajasthan.
About the ‘Rising Rajasthan’ Global Investment Summit 2024:
The Government of Rajasthan, led by Chief Minister 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 UK leg of the investor roadshows is being organized in association with High Commission of India in London as well as with the Federation of Indian Chamber of Commerce and Industry (FICCI), which is the industry partner of the ‘Rising Rajasthan’ Global Investment Summit 2024. PwC India is the knowledge partner of the summit.
