Rajasthan's Billion-Dollar Bet: How Pravasi Divas Lured Rs 1 Lakh Crore

The Rajasthan government kicked off its first-ever Pravasi Rajasthani Divas with a massive economic push. Chief Minister Bhajan Lal Sharma and Union Minister Piyush Goyal directly appealed to the global Rajasthani diaspora to invest back home. The event wasn't just about speeches; it resulted in the signing of business agreements worth a staggering one lakh crore rupees. From showcasing future infrastructure plans to honoring overseas community members, the summit blended traditional culture with a clear vision for industrial growth.

Key Points: Rajasthan Signs Rs 1 Lakh Crore MoUs at Inaugural Pravasi Divas

  • CM Bhajan Lal Sharma announced 14 new Rajasthan chapters to connect NRIs with local opportunities
  • Governor Kataria highlighted state's mineral wealth, including recent gold discoveries in Banswara
  • Industry Minister Rathore announced 37 new industrial areas and over 2,000 industrial plots
  • The event featured a 'Progress Path Hall' showcasing Rajasthan's Vision 2047 for renewable energy and infrastructure
3 min read

Pravasi Rajasthani Divas: State govt signs MoUs worth Rs 1 lakh crore

Rajasthan govt inks deals worth Rs 1 lakh crore at first Pravasi Rajasthani Divas, with CM Sharma and Union Minister Goyal urging diaspora investment.

"If each one contributes, no power can stop Rajasthan from becoming India’s number one state. - Union Minister Piyush Goyal"

Jaipur, Dec 10

The Rajasthan government marked the inaugural Pravasi Rajasthani Divas with major economic announcements and the signing of business agreements worth Rs 1 lakh crore at the Jaipur Exhibition and Convention Centre (JECC).

Chief Minister Bhajan Lal Sharma inaugurated the first-ever Pravasi Rajasthani Divas, urging expatriate Rajasthanis to invest and work in their home state.

“Everything has changed here in two years. Industries are receiving all required facilities,” he said, announcing 14 new Rajasthan chapters to connect NRIs with local opportunities.

Union Industry Minister Piyush Goyal appealed to the global Rajasthani diaspora to become brand ambassadors for the state.

The Union Minister said, “More than one crore Rajasthani NRIs live around the world. If each one contributes, no power can stop Rajasthan from becoming India’s number one state.”

Rajasthan Governor Gulab Chand Kataria said Rajasthan should not be underestimated. “Do not consider Rajasthan dry and hungry. The people here are capable, and this land has immense potential,” he said.

He urged expatriates to return and contribute to the state’s development.

Kataria highlighted the state’s rich mineral wealth, including recent gold discoveries in Banswara’s Bhukhia village, which have boosted Rajasthan’s mining prospects.

Chief Minister Sharma announced several initiatives aimed at strengthening governance, supporting industry, and improving infrastructure.

Highlighting the government’s pro-investor outlook, he said a dedicated department for NRIs has been created to assist investors from the diaspora.

He added that the state has provided 92,000 government jobs in two years, with a corruption-free recruitment process and “no exam paper leaks.”

Sharma also assured industries of 24-hour uninterrupted power supply in the near future and underlined the progress of major water projects, including the Ram Jal Setu scheme and an agreement for Yamuna water supply that will benefit several districts.

Rajasthan Industry Minister Rajyavardhan Singh Rathore detailed the government’s focus on expanding industrial infrastructure. He announced the creation of 37 new industrial areas and over 2,000 industrial plots, along with multiple new policies aimed at simplifying processes and boosting ease of doing business.

The summit also featured vibrant Kalbelia and Kacchi Ghodi dance performances, welcoming guests with Rajasthan’s traditional charm.

An exhibition showcasing the state’s heritage, craftsmanship, and business strengths was set up in the Pragati Path Hall, visited by the Governor, Chief Minister, and dignitaries.

The event saw strong participation with over 8,000 registrations and nearly 1,000 attendees present during the inauguration. Several overseas Rajasthanis and industry stalwarts were honoured at the ceremony.

A special attraction of the summit was the ‘Progress Path Hall’, which showcased the state’s long-term Vision 2047, including advancements in renewable energy, heritage architectural models, and futuristic infrastructure plans that reflect Rajasthan’s aspirations for the next two decades.

- IANS

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Reader Comments

S
Sarah B
Investing 1 lakh crore is a bold move. The focus on industrial plots and ease of doing business is crucial. However, I hope this development is inclusive and creates sustainable jobs for local communities, not just big investors. The vision for 2047 sounds ambitious.
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Priya S
So proud to see our culture on display with Kalbelia dance alongside big business talks! It's the perfect blend. My father's small handicraft business in Jodhpur could really benefit from the exposure at such exhibitions. Hope the MoUs translate to ground-level growth for artisans too.
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Rohit P
92,000 government jobs with no paper leaks? That's a big claim. If true, it's a major achievement. The Yamuna water supply project is the real game-changer for the eastern districts. Water security can unlock so much potential. Let's see the execution now.
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Vikram M
Governor Kataria is right – never underestimate Rajasthan! From the Thar to the Aravallis, this land has spirit and resources. The gold find in Banswara is just the beginning. Hope the diaspora investment focuses on value addition within the state, not just extracting raw materials.
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Michael C
As an investor watching India, Rajasthan is making smart noise. Creating 37 industrial areas shows serious intent. The challenge will be consistent policy and reducing red tape over the long term. If they get that right, the 1 crore diaspora can be a powerful force.

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