Stage set for investment summit in Rajasthan

  • HT Correspondent, Hindustan Times, Jaipur
  • Updated: Nov 17, 2015 17:56 IST
A fast-food vendor passes by the digital screens installed for Resurgent Rajasthan at Ambedkar Circle in Jaipur, on Monday. (Himanshu Vyas/HT photo)

The Vasundhara Raje government is once again all set to lure investments in state with the two-day Resurgent Rajasthan Partnership Summit commencing from November 19.

The summit was earlier expected to be inaugurated by Prime Minister Narendra Modi but sources in the government claimed that Modi’s office till date has not replied to the invitation. Hence, Union finance minister Arun Jaitley is now expected to inaugurate the summit.

Meanwhile, preparations for the summit are in full swing with chief minister, ministers and officials holding series of meetings to ensure smooth conduct of the event.

Raje on Monday held a four-hour long meeting with chief secretary and principal secretary (industries) at SMS Convention Hall in this regard where detailed presentations related to the summit including sessions, security, food, stay of guest and other events were discussed.

Raje later visited Hotel Rambagh Palace where dinner for the guests has been scheduled on the day of the summit.

With just two days left for the summit, the government has reportedly signed over 250 memorandums of understanding (MoU) worth around Rs 2.80 lakh crore till date.

However, the figure so far are on papers only as earlier too during the Resurgent Rajasthan summit-2007, the government led by Raje had inked around 300 MoUs worth Rs 1.62 lakh crores but, industry principal secretary Veenu Gupta has been quoted on a government of Rajasthan website(<>) as saying that only Rs 39,000 crore had come to fruition as investment.

Regarding the investment, a senior industry department official said this time the summit is held in the second year of the government which will develop more faith of investors in the government; the MoUs are done directly with the departments, and necessary reforms are brought in state policies for transparency.

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