Jaipur, March 31 (NationPress) Rajasthan is poised to evolve into a $350 billion economy by 2030, as the state administration takes robust measures to establish it as India's foremost investment destination, stated Chief Minister Bhajan Lal Sharma on Monday. He highlighted that by ensuring transparency, effective governance, and policy reforms, Rajasthan is fostering an entrepreneur-friendly atmosphere.

Consequently, projects amounting to Rs 3 lakh crore from the Rising Rajasthan Global Investment Summit have reached the initiation phase, according to the Chief Minister.

While addressing the Investment Festival in Jaipur, the Chief Minister urged business leaders, youth, and farmers to play a role in Rajasthan’s advancement, aspiring for a state that not only amplifies India’s prestige but also garners international acclaim.

CM Sharma underscored the importance of Impact 1.0, a pivotal milestone demonstrating the government's dedication to transforming MoUs signed during the Rising Rajasthan Global Investment Summit into viable projects.

A three-tier review system has been established, with dedicated teams in each department and district actively overseeing progress.

Thanks to this continual monitoring, projects valued at Rs 3 lakh crore have commenced.

A short film showcasing these accomplishments was presented at the event. To facilitate investments, the state government had earlier initiated the Direct Land Allotment Policy for RIICO industrial areas, applicable to MoUs executed until March 15.

In response to investor interest, the Chief Minister declared an extension of this policy for MoUs signed from March 16 to April 30.

Qualified investors can apply under this initiative when the online portal reopens on May 15.

Inspired by Prime Minister Narendra Modi's vision of a Developed India 2047, Sharma reiterated Rajasthan’s goal of becoming a developed state by 2047.

The government is dedicated to achieving a $350 billion economy by 2030, promoting employment, prosperity, and entrepreneurial advancement.

“This is not merely about figures,” he stated, “but about a transformative era of prospects for youth, farmers, and businesses.”

The Chief Minister stressed that Rajasthan’s investment-friendly environment has led to MoUs worth over Rs 35 lakh crore, illustrating rising confidence in the state's economic strategies.

He set a target of generating 10 lakh jobs in five years—4 lakh in the government sector and 6 lakh in the private sector—along with skill training for 1.5 lakh youth to align with industry needs.

CM Sharma announced the creation of 18 new industrial zones tailored to various sectors to establish Rajasthan as a manufacturing powerhouse. Furthermore, Rajasthan's rich solar and wind energy resources have attracted global investors.

To further enhance global and domestic connections, 14 new chapters of the Rajasthan Foundation will be established in cities including Guwahati, Bhubaneswar, Ranchi, Pune, Delhi, Dubai, Munich, Riyadh, Tokyo, Singapore, Melbourne, Nairobi, Kampala, and Doha.

During the event, the Chief Minister unveiled the Rajasthan Logistics Policy-2025, Rajasthan Data Center Policy-2025, and Rajasthan Textile and Apparel Policy-2025.

Additionally, a mobile application for the Online Investor Interface was launched, allowing investors to conveniently track their proposals through mobile.

To further stimulate economic development, the government will host the Rising Rajasthan Partnership Conclave on December 11-12, creating a significant platform for stakeholders to explore investment prospects in the state, he added.