Rajasthan

• 02 May 2024

Investors’ Summit 2024

Why in News?

The Rajasthan government is planning to host a three-day Investors' Summit in December 2024. The state government plans to organise these summits annually to speed up industrialization.

Key Points

• The business sector in the state believes that the regular occurrence of such incidents could potentially draw attention, effort, and funds away from the industries department's other responsibilities, as organising these events involves extensive year-round planning and preparation.
• The task of providing an industry-friendly environment rigorous engagement starting from policymaking to implementation, infrastructure development, administration and monitoring, dispute resolution and host of other responsibilities.
• The main emphasis should be on developing an attractive industrial policy to attract investments from other states to the region.

Great Indian Travel Bazaar

Why in News?

The tourism department of Rajasthan will host the 13th Great Indian Travel Bazaar (GITB) in Jaipur from 5th to 7th May, 2024 to promote tourism in the state.

Key Points

• The department is organising the event jointly with the Centre’s tourism ministry and Federation of Indian Chambers of Commerce and Industry (Ficci).
  • The state would showcase cultural events based on art, tourism and history of Rajasthan.
  • A 'Wed in India Expo' will take place on the first day of the event with the objective to encourage tourists from India and abroad to get married in Rajasthan.
  • On the second and third day of the event, business-to-business meetings will be organised with foreign tour operators. They will also be offered tours across Rajasthan.
• According to the general secretary of All Wedding Industries Federation, Rajasthan, 1.5 to 2 million weddings take place every year in Rajasthan.
  • If efforts are made by the tourism industry and the state government collectively, Rajasthan can be promoted as a destination wedding spot. This may increase destination weddings by 5-10%.
  • This will provide new employment opportunities to lakhs of people. The government will also get revenue and people associated with the hotels and tourism sector will get good business.

Federation of Indian Chambers of Commerce & Industry (FICCI)

• FICCI is a non-government, not-for-profit organisation established in 1927.
• It is the largest and oldest apex business organisation in India whose history is closely interwoven with India's struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies.