PM Modi inaugurates Rising Rajasthan Global Investment Summit

Addressing the gathering, the Prime Minister said today was another special day in the journey of success of Rajasthan. He congratulated all the industry and business leaders, investors, delegates to the Rising Rajasthan Global Investment Summit 2024 at the Pink City - Jaipur. He also congratulated the Government of Rajasthan for organising the grand event.

The Prime Minister remarked that business experts and investors were buoyed by the business climate in India. He added that the progress that India has seen with the mantra of Perform, Transform and Reform, is visible in every field.

 Modi highlighted that India was able to rise to 11th largest economy in the world after 7 decades of Independence, but in just the last decade, India has risen to 5th largest economy in the world. “India’s economy and exports have nearly doubled in the last 10 years”, exclaimed  Modi.

He added that even the Foreign Direct Investment had increased more than two times in the last decade in comparison with the decade before 2014. He further noted that the infrastructure expenditure of India had increased to Rs 11 Trillion from nearly Rs 2 trillion.

 “India's success showcases the true power of democracy, demography, digital data and delivery”, exclaimed the Prime Minister. He added that the success and empowerment of Democracy in a diverse country like India is a great achievement in itself.

The Prime Minister remarked that the welfare of humanity while being a democratic nation is at the core of the philosophy of India. He added that it was the basic character of India. He lauded the people of India for exercising their democratic rights and ensuring a stable Government in India.

Underling the Government’s efforts to change the definition of MSMEs so that they get more opportunities for growth,  Modi said the central government had linked about 5 crore MSMEs to the formal economy, which had eased their access to credit.

Adding that the Government had also started a Credit Linked Guarantee Scheme, the Prime Minister said small industries were given assistance of about Rs 7 lakh crore under the scheme. Stressing that in the last decade, the credit flow for MSMEs had more than doubled,  Modi said while it was about Rs 10 lakh crore in 2014, today it was more than Rs 22 lakh crore. He added that Rajasthan had also been a big beneficiary of this and this growing strength of MSMEs would propel Rajasthan's development to new heights.

 “We have embarked on a new journey of self-reliant India”, said the Prime Minister. He added that the vision of the Atmanirbhar Bharat Abhiyan was global and the impact was also global.  Modi underscored that they were moving ahead with a whole of Government approach at the Governmental level.

 He added that the Government was promoting every sector and every factor for industrial and manufacturing growth. Shri Modi expressed confidence that this spirit of Sabka Prayas will create a developed Rajasthan and a developed India.