Press Release
Invest Rajasthan – 2022: Investors Connect Programme in Mumbai, Rajasthan Clocks Investment Commitments over Rs. 1,94,800 Crores from Mumbai.
Mumbai, India | December 8, 2021:
The Rajasthan Government has organised the Investors Connect Programme in Mumbai, in collaboration with national partner CII, in order to attract investments in various sectors in the state. With this prelude to the state level investors summit, the state has successfully secured MoUs worth Rs. 1,27,459 Cr and Letters of Intent (LoIs) worth Rs. 67,379 Cr, totalling over Rs. 1,94,800 crore investment commitments. Renewable Energy, Mines & Minerals, City Gas, Pharma, Engineering, and other sectors are prominently proposed for investment. With 40 proposed projects, it is estimated that approximately 1,44,000 new private-sector jobs will be created, boosting the state’s growth.
Smt. Shakuntala Rawat, Hon’ble Industries & Commerce Minister of Rajasthan Government, said, “Rajasthan is the largest state of India, Rajasthan is full of all kinds of natural resources. It has an adequate power supply, water resources, roads and other necessary infrastructure facilities that are connecting the neighbouring states and with closer proximity to the country’s capital. There is a variety of minerals here, there is diversity and prosperity in agricultural products and above all, there is a government of reformist approach to maintaining law and order. These factors attract everyone to invest in the state.”
Notably, some of the marquee investors have lined up huge projects such as JSW Future Energy has proposed to invest Rs. 40,000 crore to set up a 10,000 MW Renewable Energy project in Jaisalmer district, Vedanta group has proposed exploration expansion worth Rs. 33,350 crore in the state, Greenko Energies has proposed Rs. 30,000 crore integrated renewable energy storage project, Adani Green Energy has proposed Rs. 20,000 crore renewable energy project of 4000 MW in Jaisalmer, Barmer, Jalore and Jodhpur; Adani Total Gas has proposed Rs 3000 crore project of city gas supply in Udaipur, Bhilwara, Chittorgarh and Bundi; Krish Pharma has proposed a pharma manufacturing unit in Sirohi with an investment of Rs 750 crore among other 40 proposed projects.
Smt. Rawat further added, “The state government has taken a very unique initiative by setting up OSS (One Stop Shop) system. Any investors looking to invest over Rs 10 crore in the state can apply easily and start doing business. Investments above 100 crores are entitled to get the customized incentives package from the state government.” The Invest Rajasthan roadshow has been unique in a way as it is the first of its kind post-COVID to have 28 more roadshows in various districts and states ahead of Invest Rajasthan 2022. Interestingly, for the first time, the state government has emphasized not only signing MoUs/LoIs but real groundbreaking and inauguration of the projects of the investors. At district level, the collectors are going to sign the MoUs on behalf of the Rajasthan Government and similarly, each department will have their set-of investors and sign MoUs as allocated to them.
Following the State Leadership’s investor-friendly policy framework, the State has become home to many conglomerates, corporate houses, and manufacturing units, housed in the 360+ industrial areas developed by RIICO. Over 40,000 units are already operational in RIICO industrial areas, with another 150 in the planning stages. Rajasthan becomes an ideal location for any investor from a strategic and logistical standpoint, as 58 per cent of its area falls under the DMIC influence area; additionally, the new GAS Grid project covers a distance of 1730 km. in the State. The state also has three operational SEZs, nine ICDs, one operational and four upcoming multi-modal logistic hubs, seven airports, and one cargo complex, all of which add to its allure.
The Mumbai Investors Connect Programme was headed by Smt. Shakuntala Rawat – Hon’ble Industries & Commerce Minister; Dr Subodh Agarwal Addl Chief Secretary – Energy, Mines & Petroleum and CMD – RREC; Mr Kuldeep Ranka – Principal Secretary to Hon’ble Chief Minister & Chairman, RIICO Ltd; Mr Ashutosh A T Pednekar – Secretary Industries & Managing Director RIICO from Government of Rajasthan.
Mr Arun Nanda Chairman, Mahindra Lifespace Developers Ltd. and Mahindra Holidays & Resorts
(I) Ltd; Mr Prashant Jain Joint Managing Director & CEO JSW Energy Ltd and Mr Prachur Sah Dy Chief Executive Officer Cairn Oil & Gas shared details on their projects and experience on Investments made in Rajasthan. Mr K Nandakumar Member, CII National Council & Chairman & MD, Chemtrols Industries Pvt Ltd and Mr K Nandakumar shared the welcome remarks and vote thanks at the program respectively.
Shri Ashok Gehlot, Chief Minister’s Message – “Invest Rajasthan 2022 is the manifestation of our commitment to building enduring partnerships with private enterprise for the development of the state and prosperity of our people. It is an important milestone towards delivering on the commitments made by us to investors. I invite you to experience and benefit from the bouquet of exciting opportunities Rajasthan has to offer, and to join us in building a promising future for all of us”
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