Rajasthan: CM Bhajan Lal Sharma rolls out Rs 35 lakh cr investment pipeline, Rs 7 lakh cr projects already underway

Rajasthan Chief Minister Bhajan Lal Sharma on Friday positioned the state as India’s next major investment destination, unveiling a memorandum of understanding worth Rs 35 lakh under the Rising Rajasthan initiative, with Rs 7 lakh crore already underway. Speaking at the Federation of Indian Chambers of Commerce and Industry’s annual conference and 98th Annual General Assembly at Bharat Mandapam, Sharma asserted that Rajasthan is “fully prepared for business, investment and long-term partnerships”, pledging a key role in Viksit Bharat @ 2047.

Sharma highlighted the state’s economic growth, recording an expansion of the state’s GSSP by 12.2% – exceeding the national average – and a per capita income of Rs 1.85 lakh. “Investors are now finding predictability in Rajasthan, which is our biggest improvement,” he said, pointing to strengthening law and order, time-bound approvals, a single window system and transparent land allocation.

The Prime Minister showcased Rajasthan as a renewable energy hub, with a capacity of 22,860 MW of solar power and 5,195 MW of wind power, while moving ahead with green hydrogen and green ammonia. He emphasized the mineral wealth that the state enjoys, as there are 86 mineral species, with the aim of enhancing mineral industries rather than just providing raw materials.

Entrepreneurship is thriving, with over 5 lakh MSMEs and 7,000 startups, supported by iStart, which has facilitated funding worth Rs 1,000 crore and created 42,500 jobs. Major infrastructure plans include an allocation of Rs 60,000 crore for roads, industrial parks, multi-modal logistics parks, border economic zones, aviation expansion and urban development. Nine new corridors are planned to enhance connectivity, reduce distances across the vast state and enhance the efficiency of trade and logistics.

He pointed out that tourism remains an essential asset. The forts, lakes, deserts, wildlife sanctuaries and religious sites of Rajasthan attract global attention. During his visit to Germany, Sharma highlighted the overseas demand for destination weddings, noting that venues in Udaipur are fully booked for two years. The government is also restoring 662 historic havelis to promote heritage and rural tourism, wedding tourism, MICE events, and film shooting.

Sharma also lauded the Center for supporting water projects, including the ERCP, Yamuna Agreement and Indira Gandhi Canal systems, ensuring reliable water supply to regions and industries. He announced the next Global Rajasthan Agritech Meet (GRAM) in Jaipur in March 2026.

He invited investors by saying, “Rajasthan represents a unique convergence of enterprise, culture and limitless opportunities. We welcome investors to come, invest and grow in Rajasthan.”