New Delhi: “Rajasthan recognizes the role industry plays in fostering all-round development – it creates jobs and generates revenue to enable social sector spends,” Smt. Vasundhara Raje, Chief Minister of Rajasthan, said here today.
The Chief Minister was addressing an investor meet organized by the Government of Rajasthan in association with the Confederation of Indian Industry (CII).
During the event, several MoUs were signed between private companies and the government to set up industrial units in the state involving a total investment of Rs. 2,451.70 crore. The proposed industrial units are expected to generate approximately 7053 jobs and several thousand more indirect employment opportunities.
The Delhi roadshow is a part of a series of events being held across India and abroad to promote investment opportunities in Rajasthan ahead of the global Resurgent Rajasthan Partnership Summit, slated to be held in Jaipur on November 19 and 20, 2015.
Asserting that industrial resurgence was not an end itself, the Chief Minister revealed that the theme of the Partner Summit was ‘Delivering Dreams, Sharing Prosperity’. The theme highlighted the fact that the overall focus of the State government was on last-mile delivery and prosperity for all.
“The core idea is to create an economy that works for everyone, in which every citizen has the chance to realize their dreams. We must recognise we do not live in an economy, but in a society. We must promote economic development in a manner that equal benefits accrue to investors as well as to our citizens,” she added.
Industries Minister, Sh. Gajendra Singh Khimsar, stated, “Rajasthan provides a great opportunity to investors from all parts of India and overseas to expand their business, reliably source material and establish new manufacturing capacities. We seek the active participation of the captains of industry from India and abroad in the Resurgent Rajasthan Partnership Summit.”
The Government of Rajasthan has placed economic reforms at the centre of its development strategy. Rajasthan has recently taken measures to simplify procedures to establish and operate businesses in the state. In addition to this, many steps have been taken to impart skill training to the youth. The private sector is playing a key role in this. The state government has also initiated a series of labour reforms to make it easier for industry to create more jobs.
“The policies of any state are the first considerations in investment decisions by an industrialist. Rajasthan has been at the forefront of launching industry-friendly policies on a regular basis. The release of Rajasthan Investment Promotion Scheme, Solar Policy, Rajasthan Mineral Policy 2015 & Rajasthan Tourism Unit Policy 2015 are such examples. Rajasthan is the first state to have a country-specific zone (Japan); more countries have expressed interest in these, as well,” said Mr Ajay S Shriram, Chairman & Sr Managing Director, DCM Shriram Ltd
Furthermore, provisions to promote investment have been consolidated and put forth in the Rajasthan Investment Promotion Scheme-2014. Some of the salient features of this scheme are the extension of subsidies to focus sectors, exemption from duties and fees, and measures to curb red-tapism. With these concerted efforts, the state government is confident that it will attract investors from India and abroad to Rajasthan.
Mr. Rajesh Agrawal, Co-Promoter, Micromax India said, “Hosting the first Japanese Zone, Rajasthan is an internationally renowned destination for investments in India. The largest producer of solar PV power, Rajasthan presents significant investment potential in PV solar cell manufacturing. Part of National Capital Region (NCR) with a large consumer base, stable law & order environment, ample availability of power and a pro-active government, Rajasthan is the emerging star in the Silicon & Digital industry (like Cell Phone, LED TV, Computers, Laptop, Notebook, Solar Cell, Electronic Health Equipments, Auto Electronics, etc manufacturing) in India.”
Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry has praised Rajasthan, stating, “Rajasthan is a State focused on reforms and on enhancing ease of doing business. The State has taken the lead in introducing reforms and on delivering on its commitments. Rajasthan offers tremendous potential, and will be the solar capital of India. I urge investors to focus their investment plans on Rajasthan if they want to create wealth.”
Earlier roadshows in Japan, Germany, Mumbai, Pune, Kolkata, Indore, Bengaluru, Chennai, Hyderabad and Ludhiana have been huge successes, and have attracted the interest of a large cross-section of investors.
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