“If Bangalore is where it all began in startups, I can assure you Rajasthan is where it will be. Rajasthan is a world-beater and will remain so in the times to come.”
This remark was made by Rajasthan Chief Minister Vasundhara Raje in October 2015. The occasion was the inauguration of the first edition of the ‘Rajasthan Startup Fest’- a national-level startup event designed to boost entrepreneurship in the state.
Today, Rajasthan is counted amongst the ‘hottest’ junctions for entrepreneurs, incubators and even other sectors such as Bollywood, artisans, craftsmen and more. However, there was a time when the majority of the initiatives of the state government were focussed only on food, security, healthcare, housing, and education, with an aim to raise the standard of living at large.
But, with more than $100 Mn infused in homegrown startups like CarDekho, CultureAlley, LogicRoots, BlueBox Media, Razor Pay and more – the government was forced to think beyond just food and education, and cater to the flourishing startup ecosystem of the state. Steps have also been taken to improvise the fragmented digital landscape of the state, to help leverage Rajasthan’s intellectual capital for the State to become the leader and create a benchmark for e-Governance.
Due to initiatives such as the state’s Startup Policy, to E-governance, to several other digitisation schemes – the Rajasthan government is currently leading in the charts to emerge as the number two state in the country in ease of doing business index after Uttarakhand, according to a World Bank report. Also, Jaipur is at present the second-most attractive investment destination in the country, as per an Ernst&Young Attractiveness Survey.
With this in mind we, at Inc42, take a deep dive into the existing mechanisms, key people, and other regulatory authorities of the Rajasthan government, working endlessly to boost the state’s startup ecosystem. (All information is based on data available publicly.)