‘Rising Rajasthan’ Summit 2024 | Aspire to build a strong, long-term partnership with South Korea: CM Bhajan Lal Sharma

Addressing the gathering, the CM delineated his government’s agenda of doubling the state’s economy from the current $180 billion to $350 billion in the next 5 years, assuring the investors that “the state is continually improving processes and policies to provide ‘ease of doing business’ in the state”.

Exhorting the startups, innovators and members from South Korea’s top business groups to do business in Rajasthan, CM Sharma said, “The government of Rajasthan is not looking at South Korea only as a source of investment but also aspires to build a strong and long-term partnership across sectors with the country’s business leaders. As part of our investor-friendly initiatives, my government will soon launch a slew of new policies that will enhance the business-friendly climate in the state including the new Industrial Policy, Export Promotion Policy, MSME Policy and One District One Product (ODOP) Policy.”

Besides the investors’ meet, the Chief Minister also held one-on-one meetings with senior officials of several top South Korean companies and associations from key sectors such as infrastructure, chemicals, startups and tourism among others. This includes meeting the senior officials of POSCO International, SG Corporation, an asphalt concrete manufacturer, GS E&C, a firm working in the renewable energy and battery storage space, Hanwha Solution (chemicals), and Jeonbuk Creative Economy Innovation Center which works as the incubator for startups. Besides that, several investors who were present during the investors meet also expressed interests in making investments in the state.

Addressing the gathering, Amit Kumar, India’s Ambassador to South Korea, said, “Rajasthan is emerging as a promising investment and trade destination in India. The state is committed to fostering a conducive regulatory environment for business expansion. The upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 will provide an ideal platform for exploring new business ventures in the state.”

The high-level delegation that travelled along with the CM included Deputy CM Prem Chand Bairwa, Shikhar Agarwal, Additional Chief Secretary to CM, Ajitabh Sharma, Principal Secretary, Industries and Commerce, among others.

The event was organised with the help of the Indian Embassy in South Korea and Indian Chamber of Commerce in Korea (ICCK).