Rising Rajasthan Summit: Groundbreaking commences for projects worth Rs 5 lakh Crore

Groundbreaking has commenced for projects involving an investment of Rs 5 lakh crore, just 9 months after the signing of the memorandum of understanding (MoU) at the Rising Rajasthan Global Investors Summit 2024.

This was talked about at the high-level review meeting held here on Monday under the chairmanship of Chief Secretary Sudhansh Pant.

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For putting up the industrial units by entrepreneurs, the Rajasthan Industrial and Investment Corporation (RIICO) has launched the Direct Land Allotment Scheme. Four phases of the scheme have already been completed. More than 1200 industrial plots have so far been allotted to investors through e-auction in these four phases.

The fifth phase of this scheme commenced on September 12, 2025, which offers more than 6,000 industrial plots to investors in various new and existing industrial areas developed by the RIICO.

Expressing satisfaction over the investor-entrepreneurs’ response to the Rajasthan government’s investor-friendly initiatives, Chief Secretary Pant has said, “This demonstrates the success of the RR GIS-2024”.

The three-day mega event was organised in the Pink City here between December 9 and 11 last year. The Chief Secretary was reviewing progress in the efforts being made by the officials in realising the investment promised in the MoUs. He has expressed satisfaction with the performance.

Notably, the global business conclave had paved the way for the signing of an MoU for projects involving investment of Rs 35 lakh crore; hence, much more is yet to be achieved.

The CS has exhorted officials to keep up the efforts, saying, “Regular review meetings and follow-ups with investors are key to expediting MoU implementation.”

He said that the introduction of new urban development and housing policy may help to expedite land allotment for MoU implementation and ensure a rapid process of groundbreaking for more projects.