At the Rising Rajasthan Global Investment Summit 2024, Ritesh Agarwal, CEO and co-founder of OYO, announced plans to set up a global back office in Jaipur. This hub will serve as the operational backbone for the company’s activities across the United States and Europe. Agarwal emphasized that Jaipur’s strategic role aligns with OYO’s broader global expansion strategy.

 Rajasthan’s Promising Business Climate  
Agarwal highlighted Rajasthan as a fertile ground for business due to its abundant talent pool and dynamic business environment. He expressed confidence in the state’s potential to support OYO’s ambitious growth plans, making it an integral part of the company’s journey.

 Commitment to Regional Growth  
OYO’s commitment to Rajasthan is evident from its recent launch of a luxury hotel in Jaipur. Agarwal noted that the company is not only expanding its footprint in the hospitality sector but is also investing heavily in the region to enhance its offerings.

 Strengthening the Hospitality Industry  
With plans to open more hotels than ever before, OYO is doubling down on its efforts to establish a stronghold in Rajasthan’s hospitality sector. This move reflects the company’s dedication to becoming a leader in the industry while boosting the state’s economy.

 Global Summit Draws Prominent Figures  
The Rising Rajasthan Global Investment Summit has attracted participation from 32 countries, including 17 partner nations like Denmark, Japan, and South Korea. Over 5,000 delegates, including top industrialists such as Kumar Mangalam Birla and Anil Agarwal, joined the event, showcasing Rajasthan’s growing importance on the global stage.

 Vision for Rajasthan’s Economic Future  
Rajasthan’s Chief Minister Bhajanlal Sharma unveiled an ambitious plan to double the state’s economy to $350 billion within five years. The summit featured several thematic pavilions, including the Rajasthan Pavilion, Country Pavilions, and Startups Pavilion, highlighting the state’s potential as a business and investment hub.

This initiative marks a significant milestone for both OYO and Rajasthan, underscoring their joint aspirations for growth and innovation in the years to come.