Rajasthan signs MoUs worth Rs.2,530 crore

The Rajasthan government on Thursday inked memoranda of understanding (MoUs) with private companies to set up industrial units involving an investment of Rs.2,530 crore.

"The proposed industrial units are expected to generate around 8,000 jobs and several thousand more indirect employment opportunities," the government said in a statement.

These MoUs were signed during an investor meet organised by the state government in association with the Confederation of Indian Industry (CII) in New Delhi.

Chief Minister Vasundhara Raje and top state government officials were present during the meet in Delhi.

It was a part of a series of events being held across India and abroad to promote investment opportunities in Rajasthan ahead of the global Resurgent Rajasthan Partnership Summit to be held in Jaipur on November 19-20.

The government inked the MoUs with companies like Nitin Spinners, Mayur Uniquoters, Sangam India and Rajasthan Textile Mills Limited.

Raje said: "Our idea is to create an economy that works for everyone, in which every citizen has the chance to realise their dreams. We must recognise we do not live in an economy, but in a society.

"We must promote economic development in a manner that equal benefits accrue to investors as well as to our citizens," she said in the statement.

Industries Minister Gajendra Singh Khimsar highlighted various initiatives taken by the state government to attract investment to the state. "We have taken a series of labour reforms to make it easier for industry to create more jobs."