Rajasthan bags investment commitments of over Rs 78,700 crore

by IANS |

Jaipur, Dec 1 (IANS) The Rajasthan government's upcoming Investors Summit - Invest Rajasthan 2022, started its prelude from New Delhi in which the state government successfully bagged MoUs worth Rs 68,698 crore and Letters of Intent (LoIs) of over Rs 10,099 crore totalling over Rs 78,700 crore.

The investments are proposed in industries across the state i.e. Ghiloth, Bhiwadi, Neemrana, Jaipur, Udaipur, Alwar and many other districts where RIICO has developed special sectoral zones over the years.

Shakuntala Rawat, Industries and Commerce Minister, said "The leadership of the state has carved the policy framework in a way that can accelerate the growth of the focus sectors in Rajasthan. RIPS 2019 scheme of incentives, MSME Policy, Single Window System (SWS) and One Stop Shop (OSS) facility are the initiatives that have made investment processes easy."

Some of the marquee investors have lined up huge projects. Renew Power has proposed to invest Rs 50,000 crore in Renewable Energy and Solar Module manufacturing in various districts, JK Lakshmi has proposed to invest about Rs 4250 crore in Nagaur, Udaipur and Alwar for cement manufacturing and limestone mining; JK Cement has proposed an investment of Rs 1500 crore in Jaisalmer; Lenskart has proposed to invest Rs 400 crore in Bhiwadi; Daikin Airconditioning to invest Rs 294 crore, OKAYA EV has proposed to set-up an EV manufacturing and assembling unit in Neemrana at an investment of Rs 121.36 crore.

Shubhra Singh - Principal Resident Commissioner and ACS Coordination, Government of Rajasthan said, "Rajasthan is the largest state of India in respect to size and is rich in minerals and other natural wealth. Over the past few years, a robust policy and infrastructure framework has been developed in the state to complement industrial growth. Rajasthan has gradually become the choice of investors as it provides ease of doing business and an investor-friendly policy framework."

Latest News
Top psephologist says PM Modi's connect with women to propel NDA to '400 paar' Fri, Apr 26, 2024, 04:48 PM
Covid-19 worsened 'silent' spread of antimicrobial resistance: WHO Fri, Apr 26, 2024, 04:42 PM
Govt working on setting up Maritime Development Fund akin to Power Finance Corp, REC Fri, Apr 26, 2024, 04:38 PM
Several killed and injured after junta airstrikes in Myanmar Fri, Apr 26, 2024, 04:35 PM
South Korea, Japan could consider simplified entry agreement amid warming ties: Seoul official Fri, Apr 26, 2024, 04:33 PM
CM Vijayan loses cool when asked if elections would be assessment of his governance Fri, Apr 26, 2024, 04:31 PM
Brand owners may look at chess GM Gukesh and others for endorsement deals Fri, Apr 26, 2024, 04:29 PM
Global connected car sales to exceed 500 million in 2030, India to be among top nations Fri, Apr 26, 2024, 04:11 PM
INDIA bloc aims to divide the country on religious grounds: UP CM Yogi Adityanath Fri, Apr 26, 2024, 04:07 PM
FairPoint: If mangoes were for bail, then CM Kejriwal would ride out of jail Fri, Apr 26, 2024, 04:01 PM
Hulkenberg to leave Haas for Sauber at the end of F1 season 2024 Fri, Apr 26, 2024, 03:54 PM
Kia's net profit up 32.5 pc in Q1; India sales drop due to aging models, geopolitical factors Fri, Apr 26, 2024, 03:47 PM
We will implement UCC in entire country, it is 'Modi ki Guarantee': Amit Shah Fri, Apr 26, 2024, 03:45 PM
Three dead after mini car falls into paddy field in Japan Fri, Apr 26, 2024, 03:09 PM
Amid scorching heat, Tripura East records 55 pc turnout till 1 p.m. Fri, Apr 26, 2024, 03:07 PM