CM Bhajan Lal Sharma pitches Rajasthan as stable investment hub; announces Rs 35 lakh crore growth roadmap

Bhajanlal Sharma

Rajasthan Chief Minister Bhajan Lal Sharma on Friday strongly positioned the state as India’s emerging investment powerhouse, announcing a massive Rs 35 lakh crore MoU pipeline under the Rising Rajasthan initiative, with Rs 7 lakh crore worth of projects already progressing on the ground.

Speaking at the FICCI Annual Convention and 98th AGM at Bharat Mandapam, Sharma said Rajasthan is “fully prepared for business, investment and long-term partnerships,” and committed to contributing significantly to the nation’s vision of Viksit Bharat @ 2047.

He highlighted Rajasthan’s strong economic momentum, noting that the state has recorded 12.2% GSDP growth, surpassing the national average, while per capita income has risen to Rs 1.85 lakh. Improvements in law and order, faster approvals and a transparent single-window system have bolstered business confidence, he said.

VIDEO | Delhi: Rajasthan CM Bhajan Lal Sharma attends FICCI’s 98th Annual General Meeting and Annual Conference. Speaking at the event, he says,"This is a platform where policymakers, industrialists, investors, and entrepreneurs come together to chart the roadmap for the nation’s… pic.twitter.com/qIfCMjwhrJ

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“Investors tell us that Rajasthan now offers predictability. This is our biggest improvement,” Sharma said.

The Chief Minister underscored Rajasthan’s leadership in renewable energy, calling it India’s solar powerhouse with 22,860 MW of installed solar capacity and the third-largest wind capacity at 5,195 MW. He said the state is now pushing ahead to lead in green hydrogen and green ammonia production.

Sharma emphasised Rajasthan’s mineral wealth, noting that the state has 86 types of mineral deposits and that the government aims to develop a robust mineral-based industrial ecosystem rather than remain a raw-material supplier.

Highlighting the entrepreneurial ecosystem, he said more than 5 lakh MSMEs and 7,000 startups are active in the state. He credited initiatives such as iStart, which has facilitated ₹1,000 crore in funding and created over 42,500 jobs.

Sharma announced expansive infrastructure plans, including ₹60,000 crore allocation for roads, new industrial clusters, multimodal logistics parks, border economic zones and urban development.
“Rajasthan is vast, and reducing distances is essential. Nine greenfield corridors are being built to improve connectivity,” he said.

A significant part of Sharma’s address focused on tourism, which he called one of Rajasthan’s greatest strengths. He spoke about the state’s forts, lakes, deserts, wildlife reserves and religious centres as key attractions.

He said Rajasthan’s heritage, culture, hospitality and improved infrastructure are propelling wedding tourism, MICE events, film shoots and eco-tourism. The government has acted against encroachments on 662 historic havelis and begun restoration efforts to boost heritage and rural tourism.

Sharma expressed gratitude to the Centre for supporting major water projects including the ERCP, Yamuna agreement, the Indira Gandhi canal systems and other efforts to strengthen water supply.

He praised FICCI for promoting Rajasthan globally, particularly in the UK, Germany, UAE, Qatar and Saudi Arabia, and announced that the next Global Rajasthan Agritech Meet (GRAM) will be held in Jaipur in March 2026.

Inviting investors from India and abroad, the Chief Minister said, “Rajasthan represents a unique convergence of enterprise, culture and limitless opportunity. We welcome investors and industry leaders to come to Rajasthan, invest in Rajasthan, and grow with Rajasthan.”

*With Agency Inputs