Rajasthan Signs MoUs For Rs 36,820 Crore With Focus On Solar Power

The Rajasthan government inked six Memorandums of Understanding (MoUs) on Monday, including one with Tata Power for Rs 15,000 crore and five letters of intent for a total investment of Rs 36,820 crore.

The deal was inked in the presence of Rajasthan Industry and Commerce Minister Shakuntala Rawat and Food, Civil Supplies, and Consumer Affairs Minister Pratap Singh Khachariyawas at the end of discussions with Tamil Nadu and diaspora investors with the cooperation of national partner CII.

Aside from solar energy generation, investment promises have been made in the textile park, electric car, pharma, tourism, steel, and gas sectors.

Rawat cited the Chennai investment roadshow as a warm-up for the Rajasthan government’s massive investment conference, Invest Rajasthan, which will be hosted in Jaipur on January 24 and 25, 2022. 

Previously, investor meetings were conducted in Mumbai, Delhi, Bengaluru, Ahmedabad, Kolkata, and Hyderabad.

Assuring investors of numerous incentives, she added that Rajasthan is an attractive destination and expressed optimism that the Chief Minister’s leadership will transform the state into an industrial centre of India.

Rajasthan, which is entering a new phase of industrial growth, has developed an investment-friendly policy and infrastructural environment, which has increased the business climate, according to Khachariyawas.

“The state is devoid of disputes or imbalances, and the government has launched a number of reforms in several sectors. We are pleased to inform you that the investment roadshows in India and Dubai have so far resulted in a commitment of Rs 5.39 lakh crore via MoUs and letters of intent” He commented.

Senior officials who attended included Rajasthan Additional Chief Secretary Sudhansh Pant, Additional Commissioner of Delhi Mumbai Industrial Corridor (DMIC) Arun Garg and Commissioner of Rajasthan Foundation Dhiraj Srivastava.