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Rajasthan sees industry as means to inclusive growth: CM

By Niranjan Mudholkar,

Added 07 August 2015

In Delhi to promote investment in state; MoUs worth Rs. 2452 crore signed

Industries Minister, 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 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.

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."

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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