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Rajasthan attracts Rs 3.3 lk cr investment at investor summit

Press Trust of India  |  Jaipur 

today signed 295 MoUs committing investment of about Rs 3.3 lakh crore, including from leading industrial houses like Adani Group, and Aditya Birla group, at the investor summit here.

Speaking at the 'Resurgent Partnership Summit', Chief Minister Vasundhara Raje said, "We have inked 295 MoUs worth Rs 3.3 lakh crore that will generte 2.5 lakh jobs in the state."

With Rs 10,000 crore investment commited by Chemicals and Fertilisers Minister Ananth Kumar in the state, various industries and institutions have pledged investment of about Rs 3.3 lakh crore, she added.

Among the major investment proposals, Adani Group Chief GautamAdani announced his group's plans of investing Rs 10,000 crore over the next four years.

Chairman said that the group will invest Rs 7,000 crore in the cement sector. Anil Ambani-led Group announced plans of Rs 6,000 crore investment in the solar sector.

Hero Motocorp Chairman Pawan Munjal also announced to set up state of the art R&D centre in Jaipur besides pledging further investment in solar energy.

Besides, Singapore said that one of its airlines has decided to start a direct flight to Jaipur.

Approximately Rs 10,000 crore will get into Rajasthan's kitty from various announcements made by the Chemical and Fertiliser Minister, Raje said.

Earlier, speaking at the summit, Ananth Kumar said that the Centre plans to set up a National Institute of Pharmaceutical Education and Research(NIPER)in the state involving investment of Rs 500 crore in the district of Jhalawar over next two years.

He also announced a Rs 100 crore additional investment in the Central Institute of Plastic Engineering and Technology (CIPET) in Jaipur for enhancing number of seats in the courses of B Tech and M Tech.

The minister also made two more investment announcements provided that the state government gives 100 acres land for setting up of plastic park and first ever medical devices park of the country.

"If the state provides 100 acres of land, we are ready to have plastic park with an investment of 1200 crore ... another 100 acre is provided first ever medical devices park can be set up," he said.

Praising efforts of the government with regard to ease of doing business, Singapore Home Affairs Minister K Shanmugam said that the state has huge potential to grow in tourism sector.

Sensing the potential, one of the Singapore airline companies have decided to fly to Jaipur. He, however, did not disclose the details.

Enthused by overwhelming response of investors, Raje said this is only tip of iceburg and there is more investment in the pipeline.

The state government has taken several steps including labour law reforms, legal reforms and introduced policies in critical sectors for creating a conducive environment for business and industry.

"Efforts have started delivering results," she added.

Adani Group chief GautamAdani said that his group plans to make investment of Rs 10,000 crore over the next four years in expanding Kawai thermal power plant. It also plans an investment in the solar energy sector in partnership with the state government.

Chairman said that the group, which has already made an investment of Rs 6,500 crore in cement sector, will pump in another Rs 7,000 crore in the same sector.

With regard to solar power, Birla said that the company plans to set up 500 MW capacity plant with an investment of 3,000 crore in a couple of years.

"So in all, the group will make total investment of 11,000 crore including some other business over a period of few years," he said.

Hero Motocorp Chairman Pawan Munjal also announced to set up a modern R&D centre in Jaipur besides pledging further investment in solar energy. He urged the state government for speedy clearances for setting up businesses.

Group Chairman Anil Ambanisaid that the company plans to invest Rs 6,000 crore for solar power generation in partnership with the state government.

First Published: Thu, November 19 2015. 18:22 IST
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