Raj inks MoUs with British firms, to develop Jaipur as sports hub

Jaipur: The state govt delegation on Friday held meetings with British firms and participated in the ‘Rising Rajasthan' Investor Roadshow in London. Chief minister Bhajan Lal Sharma-led the delegation, which met the officials of Royal Multisport Pvt Ltd, owner of Rajasthan Royals, at Lord's Cricket Ground in London and exchanged an MoU to develop Jaipur as a sports hub, with infrastructure, facilities, training, and other activities.

Manoj Badale, owner of Rajasthan Royals, former Sri Lankan cricketer Kumar Sangakkara, and director of cricket for Rajasthan Royals were present on the occasion.

The chief minister said, "Our efforts to make Jaipur a sports hub got a big boost today. For this, we signed an MoU with the officials of Royal Multisport, the owner company of the Rajasthan Royals cricket team. Under this, the stadium and other infrastructure will be developed to promote sports in Jaipur."

The delegation held meetings with officials of a number of UK-based firms in sectors like health, renewable energy, sports, capital investment, electric vehicles, advanced manufacturing, food processing, and fintech. The delegation exchanged investment MoUs with Indo-UK Institute of Health, Hindustan Silicon Resources Ltd, and ReNew Power in sectors of bio-medical waste treatment, defence, and renewable energy.Earlier, the chief minister, accompanied by deputy chief minister Diya Kumari, Vikram K Doraiswami (high commissioner of India to UK), and other members of the delegation, unveiled the Rajasthan Investment Promotion Scheme (RIPS) 2024 before the investors, announcing new incentives for IT, power, logistics, and sunrise sectors.

The delegation exchanged investment MoUs with Indo-UK Institute of Health, Hindustan Silicon Resources Ltd, and ReNew Power in sectors of bio-medical waste treatment, defence, and renewable energy.

Sharma said, "We are eager to work closely with British companies to enhance Rajasthan's manufacturing capabilities. We have an ambitious target of doubling Rajasthan's economy from $180 billion to $350 billion in the next five years."

Underlining the UK's expertise in education and food processing, Kumari said, "Our policies have attracted substantial foreign direct investment, solidifying our position as a leading force in economic growth. Together, we can unlock our state's massive resources and write a new chapter in our history, defined by growth, innovation, and lasting success."