HomeBusinessEverything is available for investment in rajasthan, companies should come forward

Everything is available for investment in rajasthan, companies should come forward

Jaipur, Oct 7 (PTI) Rajasthan Chief Minister Ashok Gehlot on Friday called upon the industry to invest in the state, saying they will get everything they need with credible policies, strong infrastructure, and better law and order. Everything is available for investment in Rajasthan, companies should come forward.

Addressing the inaugural session of the ‘Invest Rajasthan’ conference held here, Gehlot said that the Gross Domestic Product (GDP) of Rajasthan has increased by Rs 3 lakh crore to Rs 12 lakh crore in the last three years. The ‘Happiness Index’, which measures happiness in the state, has also increased.

 

He said, “The state is one of the favorable destinations for investment due to favorable policies of the government, better infrastructure like road electricity, skilled workers, and better law and order.”

Gehlot invited the industry to invest in various sectors, assuring them of favorable policies. “Whoever the government is, the industry will get sound policies,” he said.

He said that Rajasthan today generates 23,000 MW of electricity. The state, which once had three to four MW of wind power capacity, has grown to 4,500 MW today. At the same time, the solar power capacity is also 10,000 MW.

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Referring to the policies of his government, Gehlot said that the state enacted an act in 2019 to facilitate work for MSMEs (Micro, Small, and Medium Enterprises). Under the policy, a relaxation of five years was given for any kind of approval and inspection.

Gehlot said that under the ease of doing a business campaign of the state government. Arrangements have been made to provide a ‘one-stop shop’ (Raj Nivesh) i.e. all facilities in one place. Here, permission from 14 departments related to the industry will be available in one place.

He said that the state has given industry status to tourism. This is expected to bring significant benefits to the sector.

Gehlot said that the state ranks seventh within the country in terms of GDP and has ample resources for entrepreneurs.

In the inaugural session of the investment conference, Adani Group Chairman Gautam Adani, Vedanta Group Chairman Anil Agarwal, Tata Power CEO, and Managing Director Praveer Sinha, Mahindra & Mahindra Ltd CEO and Managing Director Anish Shah, DCM Shriram Ltd Chairman and Mr. Senior Managing Director Ajay S Sriram and Chairman of National Engineering Industries Limited CK Birla were present along with business tycoons. However, LN Mittal of ArcelorMittal could not attend the conference due to health reasons.

About 3,000 delegates from across the country and abroad are attending the two-day investment conclave on the theme ‘Fulfilled Promises’.

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Ahead of the conference, the state government has signed 4,192 MoUs. Letters of Intent worth Rs 10.44 lakh crore from November 2021 to September 2022 during the campaign. No separate agreement has been reached during the conference.

 

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