Rajasthan government has secured investment commitment worth Rs 30 lakh crore ahead of the Rising Rajasthan Global Investment Summit being organised at the Jaipur Exhibition and Convention Centre (JECC) in Jaipur held on 09-11 December, 2024. Adani Group, Mahindra Group and Aditya Birla Group participated and announced big ticket investments in the state at the event.

“At this summit, MoUs of over Rs 30 lakh crore have already been signed, which is a testament to the unique and renewed trust of investors in the state. This trust has been built through our collective efforts, policies, and several important decisions,” Chief Minister Bhajanlal Sharma said. 

Adani Group unveiled a Rs 7.5-lakh crore investment plan, with Adani Ports and SEZ Managing Director Karan Adani, stating that “Beyond energy, Rajasthan is critical to our ambition to become India’s largest cement company. We will set up four new cement plants to build an additional capacity of 6 million tonne per annum in the state. 

Aditya Birla Group Chairman Kumar Mangalam Birla announced plans to invest Rs 50,000 crore across cement, renewables, telecom, and retail over the next few years, and a major portion of the investment, Rs 6,000 crore would be allocated to renewable energy projects to be executed within the next one to two years. UltraTech Cement, the group’s cement division, plans to increase its production capacity in Rajasthan by 10 million tonne, adding to its existing capacity of 20 MT. The Group is also exploring new ventures in the state, such as establishing a manufacturing unit for its jewellery business, in line with its strategy to strengthen its operations in one of India’s key industrial hubs. 

Further, Mahindra Group’s solar division has committed to investing Rs 11,000 crore. While speaking at the Summit, Mahindra Group Chairman Anand Mahindra said “Our solar division has erected over 1.1 GW in Rajasthan and already committed investment of over ?11,000 crore to achieve an additional 2.8 GW capacity.