Prime Minister Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024 and Rajasthan Global Business Expo in Jaipur on Monday. During his address, he emphasized that global investors are highly enthusiastic about India. He highlighted India’s remarkable progress achieved through the mantra of reform, performance, and transformation, which is evident across all sectors.
PM Modi described the current era as “technology and data-driven,” stating that India is showcasing the true strength of its democracy, demography, and data to the world. Reflecting on Rajasthan’s progress, he noted that the state suffered due to a lack of focus on development and heritage in the post-independence era. However, the government now prioritizes both development and heritage under the mantra of “development also, heritage also,” enabling Rajasthan to move forward on the path of growth.
Adani Group’s ₹7.5 Lakh Crore Investment Plan
At the Rising Rajasthan Summit, Adani Group unveiled a monumental investment plan of ₹7.5 lakh crore across various sectors in Rajasthan. Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited, announced that 50% of this investment would be deployed within the next five years. The group’s major focus will be to create the world’s largest integrated energy ecosystem, including:
- 100 GW of renewable energy
- 20 lakh tonnes of hydrogen
- 1.8 GW of hydropower projects
This ambitious investment aims to generate green employment opportunities in Rajasthan, contributing to both local and global sustainability efforts.
Birla Group to Invest ₹50,000 Crore in Rajasthan
Aditya Birla Group has committed to investing ₹50,000 crore in Rajasthan across various sectors in the coming years. Chairman Kumar Mangalam Birla revealed that the investment would span businesses like cement, telecom, fashion retail, and more. Notably:
- ₹6,000 crore will be allocated to renewable energy projects in the next one to two years.
- Cement production capacity in Rajasthan will be increased by an additional 1 crore tonnes, enhancing the group’s operations in the state.
The Birla Group’s commitment extends beyond cement, with plans to establish a small manufacturing unit for the jewellery business in the region.
Mahindra Group to Invest ₹11,000 Crore in Solar Energy
The Mahindra Group has committed to investing ₹11,000 crore to expand its solar division in Rajasthan. Chairman Anand Mahindra highlighted that the group has already installed 1.1 GW of solar capacity in the state and aims to add another 2.8 GW. The group has also created 5,000 direct jobs in Rajasthan and plans significant job growth over the next five years.
These strategic investments by Adani, Birla, and Mahindra Group are poised to revolutionize Rajasthan’s industrial landscape, with a strong focus on renewable energy, cement production, and solar power, creating employment opportunities and contributing to the state’s sustainable development.