Rajasthan bags ₹70,700-crore investments

The Rajasthan government has bagged ₹70,700 crore in investments — MoUs worth ₹68,698 crore and letters of intent [LoIs] of over ₹10,099 crore — as part of its upcoming investor summit, Invest Rajasthan 2022. The summit will take place in Jaipur on January 24 and 25, 2022.

“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 has made investment processes easy,” Rajasthan’s industries and commerce minister Shakuntala Rawat said while announcing the investor interest during a road show in New Delhi.

Investment proposals are mostly for projects in Ghiloth, Bhiwadi, Neemrana, Jaipur, Udaipur, Alwar and other districts where RIICO has developed special sectoral zones over the years.

“Renew Power has proposed to invest ₹50,000 crore in renewable energy and solar module manufacturing in various districts; JK Lakshmi has proposed to invest about ₹4,250 crore in Nagaur, Udaipur and Alwar for cement manufacturing and limestone mining; JK Cement has proposed investment of ₹1,500 crore in Jaisalmer; Lenskart has proposed to invest ₹400 crore in Bhiwadi; Daikin Airconditioning to invest ₹294 crore, OKAYA EV has proposed to set up EV manufacturing and assembling unit in Neemrana at an investment of ₹121.36 crore,” a government release said.

The road show is being showcased as the first of its kind post Covid. It will cover 28 cities across states ahead of Invest Rajasthan 2022.

Rajasthan has 350 industrial areas developed by RIICO in over 49,000 acres of land. Over 40,000 units are already operational in the RIICO industrial areas and over 150 more industrial parks are under pipeline. The state covers about 58% of the Delhi Mumbai Industrial Corridor [DMIC] influence area. It also has three operational special economic zones [SEZs] and 9 ICDs.