Rajasthan's Investment Surge: A New Era of Growth

In 2023-24, Rajasthan attracted investment proposals worth Rs 2.86 lakh crore, a substantial increase from the previous year. With significant completion of projects and strong export performance, the state is poised for continued industrial growth. Emphasis is placed on efficiency and timely project execution.

Rajasthan has witnessed a remarkable surge in investments, with new proposals reaching Rs 2.86 lakh crore in the fiscal year 2023-24, a significant jump from Rs 1.59 lakh crore in the previous year, as reported by the MSME Export Promotion Council.

Presented by MSME EPC chairman D S Rawat, the report 'Investment, Development and Growth in Progressive Rajasthan 2020-21 to 2023-24' highlights that projects worth Rs 51,780 crore were completed in 2023-24, surpassing the Rs 41,015 crore achieved in 2022-23. Rawat emphasized enhancing efficiency to ensure timely completion of ongoing projects.

Furthermore, the industry sector reported a growth of 12.43% in the same period, contributing significantly to the state's gross value added. With robust exports in engineering goods, gems, and textiles, Rajasthan is well-positioned to become a manufacturing hub, particularly for shipping containers.

(With inputs from agencies.)