Rajasthan Investment Summit 2022: State govt officials in Kolkata to lure Bengal-based investors

The common interest sectors for both the states identified are Mines & Minerals, Agri & Food Processing, Energy, Textiles, Logistics, IT & ITeS, Healthcare, Leather & Footwear, and MSMEs, the officials said in the Investors Connect Programme in Kolkata.

Investors such as Adani, Renew Power, GreenKo, etc have committed to invest in the Green Energy sector in the state, the officials said, adding that some of the marquee investors groups have also lined up huge projects in various sectors from other countries and states of India.

The Rajasthan government has carved a policy framework to accelerate the growth of the focus sectors, state's Urban Development & Housing (UDH) Minister Shanti Kumar Dhariwal said.

"RIPS 2019 scheme of incentives, MSME Policy, Single Window System (SWS) and One Stop Shop (OSS) facility are the initiatives that have made investment processes easy,” Dhariwal underscored.

Rajasthan has the maximum number of solar projects in India, he said, while adding that the earlier issues of electricity and water in the state have been resolved.

While projecting the state as a valuable investment opportunity, Dhariwal said the cement industrialists who invested in Rajasthan are getting full ROIs and their work is going on smoothly.

At present, the Rajasthan government has been able to sway investors to ink Memorandum of Understanding (MoUs) and Letter of Intent (LoIs) worth over Rs 5 lakh crore, reported UNI.

Kolkata has deep roots in Rajasthan as many migrants from the state have set up strong economic bases in this city, said Dhiraj Srivastava, Commissioner for Rajasthan Foundation.

Rajasthan is the largest state of India in respect to size and minerals and other natural wealth resources, he highlighted.

"Rajasthan has gradually become the choice of investors as it provides ease of doing business and investors friendly policy framework. We are inviting them to connect back to the homeland with the upcoming Invest Rajasthan 2022,” Srivastava added.

In a statement, Rajasthan Chief Minister Ashok Gehlot invited West Bengal-based businesses to “Invest Rajasthan 2022" to "experience and benefit from the exciting opportunities Rajasthan has to offer".

“Invest Rajasthan 2022 is the manifestation of our commitment to building enduring partnerships with private enterprise for the development of the state and prosperity of our people. It is an important milestone towards delivering on the commitments made by us to investors," the statement further read.