NewKerala.com

Rajasthan Approves Rs 46,000 Crore Mega Projects, Aims to Create 12,000 Jobs

The Rajasthan government has approved customised incentive packages for 10 ultra mega projects, aiming to attract investments worth Rs 46,000 crore. These projects span sectors like solar manufacturing, cement, automobiles, and tourism and are expected to create employment for over 12,000 people. Chief Minister Bhajan Lal Sharma emphasised monitoring the implementation of these projects and the MoUs from the Rising Rajasthan summit. The government also plans to strengthen the 'One District, One Product' initiative and develop new tourist destinations to boost local economies.

Key Points: Rajasthan Clears Rs 46,000cr Investment, 12,000 Jobs Expected

  • Rs 46,000 crore investment approved
  • 10 ultra mega projects across key sectors
  • Over 12,000 jobs expected
  • Customised packages under RIPS scheme
  • Focus on tourism and local ODOP products
2 min read

Rajasthan clears Rs 46,000cr investment proposals; 12,000 jobs expected

Rajasthan approves customised incentives for 10 mega projects worth Rs 46,000 crore in solar, cement, auto & tourism, expected to generate over 12,000 jobs.

"generating employment opportunities along with revenue growth remains a top priority - Chief Minister Bhajan Lal Sharma"

Jaipur, Feb 14

The sixth meeting of the Board of Investment was held on Saturday at the Chief Minister's residence under the chairmanship of CM Bhajan Lal Sharma. During the meeting, customised incentive packages were approved for 10 ultra mega projects across key sectors, aimed at attracting investment worth Rs 46,000 crore to Rajasthan.

These projects are expected to generate employment opportunities for more than 12,000 people across the state.

The approved proposals include major investments in solar module and cell manufacturing, renewable energy, cement, mines and minerals, automobiles, chemicals, textiles, and tourism sectors. The customised packages have been granted under the Rajasthan Investment Promotion Scheme (RIPS) with the objective of accelerating industrial growth and strengthening the state's economy.

Emphasising the government's vision, the Chief Minister said that generating employment opportunities along with revenue growth remains a top priority. He directed the Chief Secretary to ensure regular monitoring of the progress of investments by companies receiving benefits under RIPS and customised incentive packages, so that the projects are implemented within the stipulated timelines.

The Chief Minister also instructed officials to conduct district-wise reviews of the Memorandums of Understanding (MoUs) signed during the Rising Rajasthan Global Investment Summit. He stressed the need for continuous monitoring of their implementation and ensuring their timely execution at the ground level.

To promote local industries, CM Sharma directed officials to further strengthen the "One District, One Product" (ODOP) initiative. He emphasised the need to create designated spaces at major tourist and religious destinations to facilitate the sale and promotion of Rajasthan's handicrafts and traditional products.

Additionally, he underlined the importance of developing new tourist destinations across the state to boost tourism and generate local employment opportunities.

The meeting was attended by Industry and Commerce Minister Rajyavardhan Singh Rathore, Chief Secretary V. Srinivas, Additional Chief Secretary to the Chief Minister Akhil Arora, Additional Chief Secretary (Industry) Shikhar Agarwal, Principal Secretary (Finance) Vaibhav Galaria, Commissioner, Bureau of Investment Promotion (BIP), Suresh Kumar Ola, Additional Commissioner, BIP, Jugal Kishore Meena, and other senior officials of the Bureau of Investment Promotion.

- IANS

Share this article:

Reader Comments

R
Rohit P
Good step by the government. But we've seen many such announcements before. The key is implementation and monitoring, which the CM has stressed. Let's see if the district-wise reviews actually happen and projects don't get stuck in red tape. Fingers crossed for our youth seeking employment.
A
Aman W
Promoting 'One District, One Product' and creating spaces for local handicrafts at tourist spots is a brilliant move. It will help our traditional artisans and boost the rural economy alongside these big industrial projects. Jai Rajasthan! 🙏
S
Sarah B
Investing in solar manufacturing and renewables is the way forward. Rajasthan has incredible potential for solar energy. Hope these projects also focus on sustainable practices and don't harm the local environment, especially in the fragile ecosystems near some tourist destinations.
V
Vikram M
Textiles and tourism sectors getting a boost is excellent. Rajasthan's fabric and craft are world famous. More investment here means more opportunities for women artisans and small business owners. Hope the benefits reach the grassroots level and not just big cities like Jaipur.
K
Karthik V
The amount is impressive, but I have a respectful criticism. These customised incentive packages for "ultra mega projects" must be transparent. What are the terms? How much revenue is the state forgoing? Public should know the cost-benefit. Otherwise, it's just a headline number.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50