Rajasthan's Economic Surge: Rs 765.78 Crore Invested in Incentives

The Rajasthan government has initiated a significant economic push, disbursing Rs 765.78 crore in investment incentives for the fiscal year 2024-25 under the Rajasthan Investment Promotion Scheme (RIPS).

This bold move reflects the administration's efforts to build an investor-friendly ecosystem, according to Alok Gupta, Principal Secretary of Industries & Commerce. RIPS 2024, launched in a UK roadshow, targets pivotal sectors such as renewable energy, tourism, IT, and women-led startups, spurring interest across diverse fields including solar and biomass.

At the Rising Rajasthan Global Investment Summit 2024, the state secured MoUs worth Rs 35 lakh crore, with over Rs 4.12 lakh crore entering implementation. Looking ahead, the Rising Rajasthan Partnership Conclave in December aims to fortify collaborations with industries and global bodies.

(With inputs from agencies.)