The Minister for Urban Development and Housing, Government of Rajasthan, Rajpal Singh Shekhawat was in Bengaluru to showcase investment opportunities in Rajasthan and to participate in an investors meet organised by the Government of Rajasthan in association with Confederation of Indian Industry (CII). The event is part of a series of roadshows being held across India to promote investment opportunities in Rajasthan and to invite investors to the Resurgent Rajasthan Partnership Summit which will be held in Jaipur on November 19-20, 2015.
Shekhawat, led a delegation of officials from the Government of Rajasthan which included CS Rajan, chief secretary and Rajat Mishra, secretary and commissioner, labour and employment. Shekhwat said that Bengaluru is a hub for IT, Automotive, Education and Healthcare. He said, “The Resurgent Rajasthan Partnership Summit is part of the Government’s endeavour to realise its vision of inclusive growth and long term all-round development by harnessing the power of partnerships. Rajasthan welcomes investors across the world to harness its investor friendly policy environment, developed infrastructure, abundant talent pool and geographic advantage.
He further added, “Rajasthan has emerged as a preferred destination for any business looking to expand its manufacturing base. The state has 24×7 availability of power throughout the year and has abundant raw material and land for setting up industries. The Government has rationalised the State’s industrial policy and reforms to meet the needs of big and small investors. We have introduced a single window entry system for investment to attract investment to the state. I am overwhelmed by the response we have received in Bengaluru and I am looking forward to see a strong participation from Karnataka in the Summit being held later this year.”
This event includes one-on-one B2G meetings and presentations, and is a part of a number of domestic and international roadshows being organised by the State Government. Earlier roadshows in Germany, Japan, Pune, Kolkata, Chennai, Hyderabad and Ludhiana have been huge success, and have attracted the interest of various investors to the state.
Rajan gave a presentation explaining the advantages of investing in Rajasthan and said, “Investors in the state have direct access to five major states of India with a combined population of 385 million. We have the second largest network of National Highways in India, a strong rail network of 5,822 km; three airports offering domestic and international connectivity. The state has an enviable advantage of having surplus land. Already, we have 324 well-developed industrial areas spread across 19,200 acres. The Delhi Mumbai Industrial Corridor (DMIC) planned on both the sides of Dedicated Freight Corridor (DFC) will offer tremendous business opportunities for investors.”
Praising the Government of Rajasthan for creating a systematic policy environment for its investors, Ravi Raghavan, vice chairman, CII Karnataka State Council and chief executive officer, Bharat Fritz Werner said, “Announcement of the Rajasthan Investment Promotion Scheme and New Solar Policy in Rajasthan is a welcome step. Rajasthan Investment Promotion Scheme was long awaited policy. This is one among the many policy initiatives that the government has undertaken to promote the ease of investment in the state.”
Highlighting more about the sector specific policies in Rajasthan, Rajat Agrawal, managing director, Gravita India said, “The inclusion of points in Rajasthan Investment Promotion Scheme such as Sectorwise announcement of incentives in areas such as Ceramic and Glass, Dairy, Textiles and Technical Textiles, Pharma, Electronics, MSME and Tourism will definitely bring positive growth. Rajasthan has huge base of raw material and this is very good for Ceramic sector.”