Mumbai leg of Invest Rajasthan

Early in December, the state government of Rajasthan collaborated with CII for the ‘Investors Connect’ programme, in Mumbai. Aimed at attracting investment in the state of Rajasthan, the forum highlighted unique investor advantages such as the Infrastructure edge the state commands. Claimed to have India’s largest industrial land bank, rich in natural resources such as agricultural and minerals complete with rich human capital, a pitch was made for investment in multiple sectors including automotive. At the event, with this prelude to the state level investors summit, the state secured MoUs with an estimated valuation of Rs. 1,27,459 crore and procured Letters of Intents (LoIs) worth Rs.67,379 crore, totalling over Rs.1,94,800 crore investment in commitments. As a direct outcome, an estimated 1,44,000 new private-sector jobs will be created and stand to boost the state’s growth prospects. Commenting on this achievement, Shakuntala Rawat, Industries and Commerce Minister of the Rajasthan Government said, “The state government has taken a very unique initiative by setting up a single-window. Any investors looking to invest over Rs.10 crore in the state can apply easily and start doing business.” Investments over Rs.100 crores are also entitled to benefit from a customised incentives package, she informed. The summit moved out from Mumbai to other cities to take the objective of ‘Invest Rajasthan’ forward.