In a bid to attract foreign investment, Rajasthan’s Industries Minister, Col. Rajyavardhan Singh Rathore, led a high-level delegation to an investors’ meet in Dubai today. This event set the stage for the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024, slated for December this year, underlining the state’s commitment to fostering international economic partnerships.

Minister Rathore extended a warm invitation to the UAE business community and investors, encouraging them to explore the myriad opportunities Rajasthan has to offer. His address emphasized the state government’s dual focus on enhancing the ease of doing business and reducing operational costs, positioning Rajasthan as an attractive destination for global investors.

Consul General of India, Shri Satish Kumar Sivan, commented that Rajasthan stands to benefit immensely from the positive elements in the India-UAE relationship, such as the bilateral investment treaty, local currency settlement, fintech agreements, the virtual trade corridor, and the Bharat Mart

The event also served as a platform to underscore the strengthening ties between India and the UAE. The Comprehensive Economic Partnership Agreement, signed in 2022, was highlighted as a cornerstone of this relationship. With the UAE being the seventh-largest source of FDI  in India, boasting an estimated investment of $18 billion, the potential for collaboration in forward-looking sectors was emphasized.

The event concluded on a positive note with the exchange of several Memoranda of Understanding (MoUs) between the Government of Rajasthan and UAE business houses.