Jaipur, January 02, 2025.
In a review meeting on Wednesday, Chief Minister Bhajan Lal Sharma introduced a three-tier monitoring mechanism for the Memorandums of Understanding (MoUs) signed during the Rising Rajasthan Global Investment Summit.
Sharma said, “MoUs involving investments over Rs 1,000 crore will be reviewed monthly at his level, while those valued between Rs 100 crore and Rs 1,000 crore will be reviewed fortnightly by the chief secretary. MoUs under Rs 100 crore will be reviewed weekly at the departmental secretary level.”
This initiative aims to ensure the timely and effective implementation of the agreements signed during the Rising Rajasthan Global Investment Summit, held from Dec 9 to 11 in Jaipur. The summit resulted in MoUs worth over Rs 35 lakh crore. Of these, 261 MoUs, each involving investments over Rs 1,000 crore, account for nearly Rs 32 lakh crore. Additionally, 1,678 MoUs valued between Rs 100 crore and Rs 1,000 crore represent Rs 35 lakh crore, while 9,726 MoUs with investments below Rs 100 crore total approximately Rs 90,000 crore.
“The Rajasthan govt has been actively promoting industrial growth and attracting large-scale investments to the state,” said CM Sharma. He reaffirmed his commitment to transparency and accountability, emphasising his earlier pledge to present a detailed progress report on these agreements to the people of Rajasthan by Dec 2025.
An official, speaking on condition of anonymity, said, “This three-tier review system will not only ensure the efficient execution of MoUs but also position Rajasthan as a leading destination for global investments, driving industrial growth and economic development state-wide.”
