MoUs worth Rs 69,789 Cr. signed between State Govt & investors

New Delhi/Jaipur, 25 Aug. Chief Minister Shri Ashok Gehlot on Wednesday said that Rajasthan holds immense potential for establishment of industries. Schemes run by the Rajasthan government for industrial development has made it easier for investors to invest in the state.

 The state government's key priority is to identify and dispose of the problems faced by investors. Currently, Rajasthan is a leading state in the entire country which is receiving huge flow of investments in refinery, petrochemicals, solar energy, education, health, infrastructure development etc. Rajasthan has emerged as the preferred choice for investors due to its favorable policy framework.

The Chief Minister said that industrial areas are being set up by RIICO in every block of the state. Around 25 percent of the NCR area falls in Rajasthan which has excellent connectivity to all over the country. Rajasthan has become a leading state for investment with sound law and order situation, best roads and favorable conditions. He said that Rajasthan tops the list in the country in the field of solar energy. He said that a major part of Dedicated Freight Corridor and Delhi Mumbai Industrial Corridor also passes through Rajasthan. This will benefit the investors in a massive way.

Mr Gehlot was addressing the MoU Signing Ceremony in New Delhi on Wednesday as part of the 'Invest Rajasthan 2022' to be held on 7th and 8th October in Jaipur. He said that MoUs and LOIs of about Rs 11 lakh crore, including today's, have been signed so far. Along with cultural and geographical diversity, there is now diversity of investors. Investments in renewable energy, agro processing, mining, e-vehicles, ceramics and glass are testimony to this.

The Chief Minister said that under RIPS, investors are being given packages according to their needs. Under MSME-2019, all government approvals are being done through one-stop-shop system with no government permission required for 3 years for new ventures. He said that policies have been prepared by the state government for each sector including solar energy, wind energy, MSME and RIPS.

Mr Gehlot said that Jodhpur district has the world's largest solar park spread over 14,000 acres. He said that during his first term as Chief Minister, Jaisalmer produced only 2MW wind energy, currently over 5000MW is being produced. He sought suggestions from the investors to further strengthen the industrial sector in the state.

Industries and Commerce Minister Smt. Shakuntala Rawat said that 40 percent of the DFC corridor area and about 60 percent of DMIC area passes through the state. Being the largest state with a strategic location, Rajasthan offers huge investment opportunities. In order to promote investment, recently many steps have been taken like One-Stop-Shop, Rajasthan Investment Promotion Scheme 2019, Facilitation of Establishment and Operation Act.

Rajeev Arora, Chairman, Rajasthan Laghu Udyog Nigam Limited, said that the state has become the best place for investment. Rajasthan is now called the land of opportunities. Investors are getting various approvals on a single portal. The state government is committed to work towards the development of Rajasthan with new cargo complex and new facility for export clearance in Jaipur, new cargo complex at Udaipur and ICD at Bikaner.

MoUs worth Rs 69,789.93 crore were signed between the state government and investors in New Delhi on Wednesday. This will generate a total of 11,846 direct employment opportunities in the state. The investment commitments include Rs 40,000 crore on Green Hydrogen and Ammonia Project by Avadda Power, Rs 25,000 crore in Renewable Energy and Solar Energy Sector by O2 Power SG Pte, Rs 1400 crore by Asahi India Glass Limited and Rs 1000 crore by St. Gobain. Along with this, a manufacturing unit of carbonated soft-drinks, fruit-juice and packaging products worth Rs.636 crore will be set up by Varun Beverages Ltd. Wipro will invest Rs 200 crore in a hydraulic cylinder project in Jaipur.

Chief Secretary Smt. Usha Sharma, Additional Chief Secretary Industries & Commerce Smt. Veenu Gupta, Chief Residential Commissioner Smt. Shubhra Singh, Principal Secretary Energy Shri Bhaskar A. Sawant, RIICO Chairman Shri Kuldeep Ranka, RIICO MD Shri Shivprasad M. Nakate, Commissioner, Bureau of Investment Promotion (BIP) Shri Om Prakash Kasera, Rajasthan Foundation Commissioner Shri Dheeraj Srivastava, CII Rajasthan Chairman Shri Gaurav Rungta along with investors from across the country including JK Cement Ltd. CEO Shri Madhav Singhania, CEO of Hindustan Zinc Ltd. Shri Arun Mishra and CEO of JCB Ltd. Shri Deepak Shetty were present.