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Rajasthan Bags Investment Commitments worth nearly Rs. 70k Crores in ‘Investor Meet and MOU Signing Ceremony’ in Delhi

24 Aug

Rajasthan Bags Investment Commitments worth nearly Rs. 70k Crores in ‘Investor Meet and MOU Signing Ceremony’ in Delhi

Rajasthan Government’s upcoming Investors Summit – Invest Rajasthan 2022 started with MoUs Signing Ceremonies from New Delhi on 24th August 2022. Setting a new benchmark, MoUs of Rs 69789.93 crores have been successfully signed by the Rajasthan government creating a total of 11846 direct employment opportunities. The investments were majorly envisaged in various districts across the state including Bhilwara, Chittorgarh, Jhalawar, Ajmer, Jaipur, Udaipur, Alwar, etc. where RIICO has developed special sectoral zones over the years.

The event was graced by the Chief Guest HCM Ashok Gehlot; Smt. Shakuntla Rawat, Industries & Commerce Minister of Rajasthan Government; Mr Rajiv Arora, Chairman, The Rajasthan Small Industries Corporation Limited, Government of Rajasthan; Mrs Usha Sharma, Chief Secretary, Rajasthan; Mrs Veenu Gupta Additional Chief Secretary Industries & Commerce, Rajasthan; Mrs Shubhra Singh, Chief Resident Commissioner; Mr Bhaskar Sawant, Principal Secretary, Energy, Rajasthan; Mr Kuldeep Ranka, Principal Secretary to Chief Minister, Chairman RIICO, Rajasthan; Mr Shivprasad M. Nakate, MD RIICO, Rajasthan; Mr Om Kasera, Commissioner Bureau of Investment Promotion, Rajasthan; Mr Dhiraj Shrivastava, Commissioner Rajasthan Foundation; Mr Gaurav Rungta, Chairman, CII Rajasthan & Managing Director, Man Structurals Pvt Ltd; Mr Madhav Singhania, Deputy Managing Director & CEO JK Cement Ltd; and Mr Deepak Shetty, Managing Director & CEO JCB Ltd.

During the event, Hon’ble Chief Minister Ashok Gehlot said, "I am happy that Investor Summit is happening at such a big scale. I would like to hear and understand the problems that investors face investing in Rajasthan, I assure you that I am committed to provide solutions to you. Some of the most successful industrialists who have touched heights in business are from Rajasthan. Rajasthan has come long way as a state investing heavily into education, health, infrastructure, refinery, petrochemicals, renewable energy, etc. Industries play a vital role in all development. With good law and order situation, beautiful roads, focus towards health, and many other new developments, Rajasthan is a wonderful state for you all to come and invest."

Smt Shakuntla Rawat, Industries & Commerce Minister of Rajasthan Government, said, "With importantly 40% of DFC corridor area and nearly 60% of DMIC passing through the state, the largest and strategically located Rajasthan offers huge potential for investment. Rajasthan in the recent past has introduced several interventions to promote investments such as One Stop Shop, Rajasthan Investment Promotion Scheme 2019, Facilitation of Establishment and operation Act, etc. Rajasthan invites investors to be a part of its developmental journey with Invest Rajasthan initiative."

Mr Rajiv Arora, Chairman at Board of Directors, Rajasthan Industries said, “Rajasthan has about 40% DFC corridor area and thus becomes a desired location for investment in Rajasthan. Rajasthan has changed a great deal, it is now considered a land of opportunities. Remarkable to note is that only on a single portal, you get approval on 14 different areas speaks volume for investment promotion in Rajasthan. With new cargo complex in Mansarovar, Jaipur, new facility for export clearance and new cargo complex in Udaipur, ICD in Bikaner, etc., we are committed to work towards Rajasthan’s growth story and we invite you to come to Rajasthan and invest.”

Some of the notable investors have lined-up the huge projects such as Avadda Power has proposed to invest about Rs. 40,000 Crores in Rajasthan for Green Hydrogen & Ammonia; O2 Power SG Pte has proposed to invest Rs. 25,000 crores in Renewable Energy and Solar Power in various districts; Asahi India Glass Ltd. has proposed investment of Rs 1400 crore in Chittorgarh; Saint Gobain has proposed to set-up float glass manufacturing with the investment of Rs. 1000 crore in Alwar; Varun Beverages Ltd will be establishing a manufacturing unit for Carbonated Soft-drinks, fruit juices & packaging products of Rs 636 Crores and Wipro to invest Rs. 200 crores in Jaipur for Hydraulic Cylinders. 

The state is enjoying strategic location and following the investor friendly policy framework created by the state leadership, it has become the home for many conglomerates, corporate houses and manufacturing units in the huge 350 industrial areas developed by RIICO in the land of 49,000+ acres. Over 40,000+ units are already operational in the RIICO industrial areas and over 150 more industrial parks are under the planning process. Rajasthan is becoming strategic location for any investor as it covers about 58% of DMIC influence area, additionally the new GAS Grid project is spread in 1730 Kms. The state has also 2 operational SEZs and 9 ICDs that is making it stronger in the ease of doing business.