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1. Which Indian state has launched the Investment Promotion Scheme (RIPS) 2024 to encourage private investment and boost economic growth?
Rajasthan has launched the Rajasthan Investment Promotion Scheme (RIPS) 2024 to attract private investment and stimulate economic growth. This initiative offers enhanced financial incentives across various sectors, building upon the previous RIPS 2022. The scheme's introduction precedes the 'Rising Rajasthan' Global Investment Summit 2024, scheduled to take place in Jaipur from December 9 to 11, aiming to draw domestic and international investors. The RIPS 2024 includes benefits for renewable energy projects, such as solar captive power plants, and targets sectors like Aero & Space, Defence, and Agri-Tech. This strategic move positions Rajasthan as a competitive hub for industries and fosters balanced economic development.