Rajasthan Approves Investment Proposals Worth Rs 46,000 Crore — Will It Create 12,000 Jobs?
Synopsis
Key Takeaways
Jaipur, Feb 14 (NationPress) The sixth session of the Board of Investment convened on Saturday at the Chief Minister’s residence, chaired by CM Bhajan Lal Sharma. During this session, tailored incentive packages were sanctioned for 10 ultra mega projects across vital sectors, targeting an investment influx of Rs 46,000 crore into Rajasthan.
These initiatives are projected to create job opportunities for over 12,000 individuals throughout the state.
The sanctioned proposals encompass significant investments in solar module and cell manufacturing, renewable energy, cement, mines and minerals, automobiles, chemicals, textiles, and tourism. The customized packages are provided under the Rajasthan Investment Promotion Scheme (RIPS) aimed at spurring industrial growth and fortifying the state’s economy.
Highlighting the government’s vision, the Chief Minister asserted that creating job opportunities while driving revenue growth remains a priority. He instructed the Chief Secretary to ensure ongoing monitoring of the investment progress by firms benefiting from RIPS and the customized incentive packages to ensure timely project execution.
The Chief Minister also demanded district-wise evaluations of the Memorandums of Understanding (MoUs) signed during the Rising Rajasthan Global Investment Summit. He emphasized continuous supervision of their implementation and the necessity for timely execution at the ground level.
To bolster local industries, CM Sharma directed officials to enhance the “One District, One Product” (ODOP) initiative. He stressed the importance of establishing designated areas at major tourist and religious sites to promote and sell Rajasthan’s handicrafts and traditional products.
Furthermore, he highlighted the significance of developing new tourist locations across the state to elevate tourism and foster local employment opportunities.
The meeting was attended by Industry and Commerce Minister Rajyavardhan Singh Rathore, Chief Secretary V. Srinivas, Additional Chief Secretary to the Chief Minister Akhil Arora, Additional Chief Secretary (Industry) Shikhar Agarwal, Principal Secretary (Finance) Vaibhav Galaria, Commissioner of the Bureau of Investment Promotion (BIP) Suresh Kumar Ola, Additional Commissioner of BIP Jugal Kishore Meena, along with other senior officials from the Bureau of Investment Promotion.