NEW YORK (TIP): Prem Bhandari, President of the largest and most influential Rajasthani organization outside Rajasthan, based in New York, expressed his excitement about the Rajasthan government’s bold move to host an investment summit in its first year. “This is a remarkable initiative, and Rajasthan may well be the first state in India to take such a visionary step,” he remarked.

Reflecting on similar events in the past, Bhandari noted that while summits in Rajasthan and other states showcased ambitious goals with multi-billion-rupee MoUs, only 10-15% of these commitments materialized. These efforts often incurred substantial costs, yielding limited tangible outcomes.

However, this time, Bhandari voiced strong confidence in the summit’s potential success, largely due to the direct involvement of Prime Minister Narendra Modi. “With PM Modi’s unparalleled global stature and personal interest, there’s no doubt this summit will be a resounding success. His leadership inspires global trust, and international investors see his vision as a foundation for stability and growth,” Bhandari asserted. He emphasized that Modi’s third term not only signifies enduring popularity but also ensures stability, which is a critical factor for attracting global investments.

Bhandari also highlighted Rajasthan’s potential to emerge as a leader in tourism, solar energy, and mining, industries where the state already holds a strong foothold. He further pointed out an opportunity in the textile sector, particularly in light of shifting dynamics in Bangladesh. “With established textile hubs like Bhilwara, Pali, and Jodhpur, Rajasthan is well-positioned to seize the moment and become a national leader in textiles,” he said.

Bhandari underscored the importance of Rajasthan’s role in realizing Modi’s vision of making India a developed nation by 2047. “For this dream to come true, states like Rajasthan must harness their full potential,” he stated.

He also urged the Rajasthan government to align its efforts with Modi’s vision by appointing capable and dynamic officials to engage with investors and cultivate a pro-business atmosphere. “This summit has the potential to set a new benchmark for Rajasthan’s development,” Bhandari concluded, expressing hope that it would pave the way for a brighter future for the state.