December 2, 2021
1 min read

Rajasthan bags investment commitments of 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….reports Asian Lite News

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.”

ALSO READ: Britain, India set to begin FTA talks

Previous Story

War of words intensifies between Akhilesh and Yogi

Next Story

Pak to temporarily ban imported cars

Latest from India News

Modi’s New Warfare Playbook

Modi has upended the old playbook and India and Pakistan are entering dangerous new territory where nuclear deterrence is no longer a guarantee against conventional conflict…writes Collins Chong Yew Keat The India-Pakistan

‘Op Sindoor’ Team Wraps Up Saudi Visit

The visit reaffirmed the shared commitment of India and Saudi Arabia in the fight against terrorism….reports Asian Lite News Riyadh, May 30 (IANS) The Indian all-party delegation, led by BJP MP Baijayant

Visa Interview Pause Nearing End, Says US

India is the source country for the largest group of international students in the US and Bruce’s comments will be closely followed there….reports Asian Lite News The United States said the pause

No Talks Till Terror Ends: India to Pakistan

The MEA’s strong response came at a time when Pakistan, pushed on the backfoot by India’s decisive Operation Sindoor, has suddenly started talking about its intent on having peace talks with India….reports

Accel Puts India’s AI Power in the Spotlight

Under the theme “Engineering India’s AI Advantage,” the exclusive, invite-only event will bring together leading AI founders, researchers, tech CXOs, policymakers, and global investors….reports Asian Lite News Global venture capital firm Accel
Go toTop

Don't Miss

India Look to Bounce Back

In a tightly contested Group A, dubbed the ‘group of

Musk’s SpaceX eyes India

This year, the company had already put more than 1,000