Investments taking shape ahead of Rajasthan summit; 3k delegates may join

The deals investors have signed in the mines sector ahead of the “Invest Rajasthan Summit” 2022 have started taking shape. The summit will be held here on October 7 and 8.

About 3,000 delegates from diverse industries are likely to participate in conclaves on tourism; micro, small, and medium enterprises; agribusinesses; start-ups; and future-ready sectors.

Additional Chief Secretary (Mines and Petroleum) Subodh Agrawal said Rs 3,057 crore had been invested in projects related to mines. Around 2,000 people have got direct employment while conditions for indirect employment have been made.

Agrawal has asked officers down to district level to monitor projects and guide investors.

Agrawal said the industry department and Bureau of Investment Promotion (BIP) were monitoring each investment proposal for more than Rs 50 crore, while the mines department is coordinating with those who had invested less than that.

He said nine investors had invested Rs 2,789.80 crore in the “more than Rs 50 crore” category, while 164 had sunk Rs 267.99 crore in the “less than Rs 50 crore” group.

He said investors in the mines sector had signed memorandums of understandings and letters of intent for mineral-based industries, speeding up mining activities, and increasing the mining capacities and activities related to this.

Mines Director K B Pandya too said there was coordination with investors from the department headquarters to district-level officers, and, as a result, projects were materialising. Rajasthan is one of the richest states in minerals, producing about 57 of them. The state government last month simplified the Rajasthan Minor Minerals Concession Rules.