During the meeting, Chief Minister Sharma invited Germany to become a ‘Partner Country’ of the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024…reports Asian Lite News
The high-level delegation led by Chief Minister Bhajan Lal Sharma started off its European leg of investor outreach on Monday and had one-on-one interaction with Florian Herrmann, Head of the Bavarian State Chancellery and Minister of State for Federal Affairs in Munich.
During the meeting, Chief Minister Sharma invited Germany to become a ‘Partner Country’ of the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 and offered to set up a dedicated investment zone for the German investors in Rajasthan on the model of successful Neemrana Japanese Investment Zone.
The delegation also proposed a sister partnership between Bavaria state of Germany and Rajasthan with a special emphasis on renewable energy. The Chief Minister also requested Herrmann to consider setting up an office in Rajasthan to bolster the ties between Bavaria and Rajasthan and sought the support of the German government in facilitating new investments in the state. A partnership on meeting the requirements of skilled manpower of both, Bavaria and Rajasthan was also discussed during the meeting.
“Germany is one of India’s most important trade and strategic partners and possesses the world-renowned technological expertise. We had a very productive round of discussion with the representatives of the German government and sought their support to facilitate the sharing of technology and investment in Rajasthan. We are willing to set up a dedicated investment zone for the German investors in Rajasthan like Neemrana Zone for Japanese investors,” the Chief Minister said.
Later, the Chief Minister-led delegation also visited the Munich-based Deutsches Museum, a prominent science and industry museum established in the year 1903.
During the visit, discussions were held about comprehensive collaboration between the Deutsches Museum and Jaipur’s Albert Hall Museum, which includes hosting joint exhibitions, promoting cultural and historical tours, collaborating on research programs in STEM, creating internship opportunities for Rajasthan youth at the Deutsches Museum and adopting best practices for preserving other historical sites in Rajasthan.
These collaborations aim to promote cultural and historical tourism to a broader audience. Jaipur’s Albert Hall Museum is celebrated for its Indo-Saracenic architecture and its extensive showcase of Rajasthan’s cultural heritage.
Afterwards, the delegation also visited the campus of SFC Energy AG, a leading producer of hydrogen and direct methanol fuel cells and invited the firm to explore investment opportunities in Rajasthan.
The delegation apprised the officials of the German firm of Rajasthan’s dominant footprint in the field of renewable energy, ambitious goals towards green energy and immense scope in the field of production of fuel cells. SFC Energy officials showed interest in doing business in Rajasthan.
Meanwhile, Urban Development and Housing Minister Jhabar Singh said on Monday that Rajasthan is the most suitable state in the country in terms of investment which is full of possibilities.
He added that new investment MoUs worth more than Rs 76400 crore were signed with more than 400 investors at the ‘Rising Rajasthan’ urban area pre-summit in Jaipur.
“The investment MoUs signed in the areas of real estate, data centre and IT park, township and construction of educational institutions will further the goal of sustainable urbanisation, affordable and quality life in the state,” the minister said.
Addressing the Pre-Investment Summit organised ahead of Rising Rajasthan, the Urban Development and Housing Minister said that the government led by Chief Minister Bhajan Lal Sharma is aiming to double the size of Rajasthan’s economy from the current $180 billion to $350 billion in the next five years.
“About 26 per cent of Rajasthan’s population lives in cities and all the districts of Rajasthan are important economic hubs which are going to boost the state’s economy. Therefore, rejuvenating and strengthening urban infrastructure, promoting public transport like buses and metros and encouraging projects in affordable housing are the key priorities of the government,” he said.
Speaking about the significance of ‘Rising Rajasthan’ Global Investment Summit 2024, the Rajasthan Chief Secretary said that the Chief Minister took the important decision to host the Rising Rajasthan conference in the very first year of his tenure to ensure that the MoUs signed under Rising Rajasthan are implemented on the ground in the next 2-3 years.
Making a presentation to the investors at the pre-summit event, the Principal Secretary, of the Urban Development and Housing Department said that the state of Rajasthan has the largest land in the country, which is extremely important in view of the growing urbanisation.
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