In the coming years, the picture of Rajasthan is going to change with an investment of more than Rs 19 lakh crore in the energy sector. So far, MoUs worth about Rs 27 lakh crore have been finalised in the ‘Rising Rajasthan’ Global Investment Summit 2024 to be held in Jaipur from 9 to 11 December and in this, an investment of Rs 19.39 lakh crore (12.82 + 6.57) is to be made in the energy sector alone.
In future, Rajasthan can also be included among the leading states in the renewable energy sector. A glimpse of this was seen in the Energy Pre-Summit held in Jaipur on Wednesday in the presence of Chief Minister Bhajan Lal Sharma.
MoUs worth ₹6.57 lakh crore, new policy soon
In the Energy Pre-Summit, an MoU of Rs 6.57 lakh crore was agreed upon with the investors of the energy sector, which includes proposals to set up projects like solar, wind, green hydrogen and green ammonia. These companies include big names like Solar Energy Corporation of India, Axis Energy Ventures India, SJVN Green Energy. Let us tell you that an investment of Rs 12.82 lakh crore has already been agreed upon in the energy sector.
CM Bhajan Lal Sharma said, this will create 70 thousand new employment opportunities. He said that the government will soon bring the Integrated Clean Energy Policy 2024, which will promote renewable energy like green hydrogen, battery storage, bio energy etc. in the energy sector.
He said, ‘Rajasthan has a very large solar park with a capacity of 2,245 MW. There is sunlight for more than 325 days out of 365 days in a year, we have unlimited opportunities. Our aim is to make Rajasthan an energy-surplus state.’
The summit was also addressed by Minister of State for Energy (Independent Charge) Hiralal Nagar, Chief Secretary Sudhansh Pant and Additional Chief Secretary-Energy Alok. Officials said that the energy sector has been at the forefront in raising big investments under the ‘Rising Rajasthan’ Global Investment Summit 2024.
Big participation in Global Summit
According to Indrajit Singh, MD of Rajasthan State Industrial Development and Investment Corporation (RIICO), 32 countries have agreed to participate in this summit. These include America, Britain, Japan, South Korea, UAE, Qatar, Russia, Singapore, Denmark, Australia, Spain, Brazil and Egypt etc.
Let us tell you that Adani Group has also made a big investment in the energy sector in Rajasthan in solar parks and thermal power generation. Along with this, a total investment of Rs 70,000 crore has been made in cement and airport.
These organizations will also be included
The Bhajan Lal government has also invited 52 multilateral organisations for the summit. The major participating organisations include US-India Business Council (USIBC), Korean Stone Association (KSA), Japan External Trade Organization (JETRO), Commonwealth Enterprise and Investment Council, India-US SME Business Council (IUSBC), Australia Trade and Investment Commission (AUSTRED), Singapore Business Federation, Indo-German Chamber of Commerce (IGCC).
Work in mission mode
Since the announcement of the ‘Rising Rajasthan’ Global Investment Summit in August this year, under the leadership of Chief Minister Bhajan Lal Sharma and guidance of Industry and Commerce Minister Colonel Rajyavardhan Singh Rathore, the officials have been working in mission mode to bring in new investments and promote international cooperation.
Let us tell you that in August, the first road show program of ‘Rising Rajasthan’ Global Investment Summit 2024 was held in Mumbai. Karan Adani, Managing Director of Adani Ports and SEZ, who participated on behalf of Adani Group, described Rajasthan as a strong growth partner of Adani Group. He said that Adani Group has invested Rs 70 thousand crore in Rajasthan, due to which about 37,000 people have got jobs in the state.
