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Vibrant show by corporates
At the Investors’ Summit Rajasthan, there was promise of Rs 3.30 lakh crore of investments in solar power, infrastructure, manufacturing, petroleum, mines and tourism.

The 295 MoUs signed, is expected to create over 2 lakh jobs. This was the second investors’ summit held in the state after a period of seven years. The first was conducted when Vasundhara Raje was in power earlier.

“Resurgent Rajasthan is an effort to take the state on the top of developed states’ list. Rajasthan has always been on top in entrepreneurship and now it would endeavour to become the startups and innovation capital of India. For this, an investment friendly and development- friendly environment has been created. We had to convert the MoUs signed before and during the Resurgent Rajasthan summit into on-ground achievements,“said Chief Minister Raje.

 

Promises galore...

 

Indian business houses including the Aditya Birla Group, Hero MotoCorp, Adani Group and Anil Ambani’s Reliance have expressed investment interests. Over 120 MoUs were signed in the tourism sector alone, followed by 9 in the energy sector that saw MoUs worth Rs 190,000 crore.

Anil Ambani’s Reliance Group has promised to rollout a 6000 MW solar power plant in the state, worth Rs 60,000 crore. He pointed to Reliance Group’s previous investments of Rs 7000 crore on solar power generation, telecom, roads, financial services and entertainment fields.

Commenting on the development, Ambani said: “We were the pioneers to set up the first largest solar photo-voltaic project of 40 MW at Dhirubhai Ambani Solar Park at Pokhran, Jaisalmer District, in a record time of just 129 days from ground breaking. The project was commissioned in March 2012.”

Kumaramangalam Birla’s Aditya Birla Group has promised an overall investment of Rs 11,000 crore (Rs 7000 crore in cement and the rest for establishing a solar power plant with a capacity of 500 MW). Promising an expansion of thermal and solar power plants, Adani Group has also pledged an investment of Rs 10,000 crore in the state.

Nagano Products, Daikin Air-Conditioning, Nippon Express, Sankyu Indian Logistics & Engineering, Mytex Polymer, Hitachi Chemical, Bank of Tokyo-Mitsubishi and Mitsubishi Logistics were some of the Japanese companies that signed MoUs at the summit.   

 

Interest of Singapore...

It was not only the corporates who promised to raise the state’s prospects, but also countries. Singapore is supporting the state in developing two townships in Jodhpur and Udaipur. Singapore Cooperation Enterprise and Rajasthan Housing Board have signed an agreement to come up with a concept plan for housing solutions and master planning in these two cities.

Commenting on the same K Shanmugam, Law Minister of Singapore said: “on urban planning, we are happy to share our experience of better housing, which is one of the tangible and visible signs of progress. Housing is probably our signature success, with 90 per cent of Singaporeans owning homes.”

As a boost to the MSME sector in the state, Union Minister Kalraj Mishra unveiled the MSME policy on the second day of the event. This new policy is believed to revitalise agriculture and food processing, gems and jewelry and textiles (including technical textiles), apparel, handicraft and auto-component clusters in the state.

Commenting on the policy, Industries Minister Gajendra Singh Khimsar said: “at present more than 90 per cent of industries in Rajasthan fall within the MSME category, and the sector employs 18.7 lakh people.”  –

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