SEC Discusses Investment Proposals Rs 11993 Crore Investment in Rajasthan
Jaipur, 04th March 2023: The State Empowered Committee (SEC) under the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 discussed project for consideration for customize package of benefits under the Rajasthan Investment Promotion Scheme on Friday. This will pave way to investments of Rs. 11,993.48 Crore in the state. The SEC’s 40th meeting was held under the chairpersonship of Mrs. Usha Sharma, Chief Secretary, Government of Rajasthan. The projects come from a variety of industries including Manufacturing, Cement, Chemicals, Textile, Automobiles and Hospitality sectors. It is expected that these projects will create 8815 new jobs in the state. The cases recommended by the State Empowered Committee will now be placed before Board of Investment headed by Chief Minister Shri Ashok Gehlot for final approval.
It is to be recalled that in accordance with the requirements of the Rajasthan Enterprises Single Window Enabling and Clearance (Amendment) Act, 2020, a Board of Investment chaired by the Chief Minister has been formed.
The companies that are investing in the state are JayC4V Pvt Ltd, Wonder Cement, Fortellia Industries Pvt. Ltd., Badve Group, Maya Hill Resort LLP, Sangam Ventures Ltd. and JK Cement Limited. Not only will these investments boost the state’s growth, but will also generate employment in the state.
Mrs. Veenu Gupta, ACS Industries, Government of Rajasthan said, “Investors have expressed trust in the state government’s plans. The goal is to make investing in the state simple, and the Honourable Chief Minister Shri Ashok Gehlot is leading this effort. The recommendations put up at the 40th SEC meeting also offer prospects for the creation of new opportunities and more sustainable development in the state.”
It is now acknowledged that the implementation of investor-friendly policies and programmes like the Rajasthan Investment Promotion Scheme (RIPS) 2022, Rajasthan Industrial Policy-2019, MSME Policy 2022, Rajasthan Electric Vehicle Policy 2022, Rajasthan Start-up Policy 2022 and Rajasthan Tourism Policy-2020 have sent a positive message to investors Rajasthan has become the most prefered investment destination in the country.
Strategic advantages of location, manpower and resource availability and conducive policies have created an investor friendly environment in Rajasthan and recently added Delhi Mumbai Expressway is another facility that has been added to the state. State government initiatives such as One Stop Shop and easy processing of RIPS benefits has further boosted the investor confidence. On this vision of Committed and Delivered, the state recently hosted its international investor summit Invest Rajasthan-2022.