Raj govt mulls giving customise benefits to attract Rs 12,000-cr investment

SEC discussed a project for providing customised package of benefits under the Rajasthan Investment Promotion Scheme (RIPS) to pave way to attract investments up to Rs 11,993.48 crore in the state

The State Empowered Committee (SEC) on Friday discussed a project for providing customised package of benefits under the Rajasthan Investment Promotion Scheme (RIPS) to pave way to attract investments up to Rs 11,993.48 crore in the state.

The SEC's 40th meeting chaired by chief secretary Usha Sharma was held on Friday, an official statement said.

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 8,815 new jobs in the state. The cases recommended by the State Empowered Committee will now be placed before the Board of Investment headed by Chief Minister Ashok Gehlot for final approval, the statement said.

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.

Veenu Gupta, Additional Chief Secretary (Industries), said, "Investors have expressed trust in the state government's plans. The goal is to make investing in the state simple. 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.