The Rajasthan Government and the investors signed MoUs of more than Rs 68,000 crores in Delhi. The Desert State is receiving a huge flow of investments in the refinery, petrochemicals, solar energy, education, health, infrastructure development etc and has emerged as the preferred choice for investors due to its favourable policy framework.
Chief Minister Ashok Gehlot was present on this occasion. Investing in Rajasthan has become easy for investors due to the various schemes run by the state government for industrial development in the state. Rajasthan holds immense potential for setting up industries.
The Chief Minister said that industrial areas are being set up by RIICO in every block of the state. Around 25 per cent 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, the best roads and favourable conditions. He said that Rajasthan tops the list in the country in the field of solar energy. He said that a major part of the Dedicated Freight Corridor 40% and Delhi Mumbai Industrial Corridor 60% also passes through Rajasthan. This will benefit the investors in a massive way.
Rs 69,789 Crore MoUs in New Delhi
MoUs worth Rs 69,789.93 crore were signed between the state government and investors in New Delhi which 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.
The MoU Signing Ceremony in New Delhi was part of the ‘Invest Rajasthan 2022’ to be held on October 7 and 8 this year in Jaipur. 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 a diversity of investors. Investments in renewable energy, agro-processing, mining, e-vehicles, ceramics and glass are testimony to this, Gehlot added.
