Invest Rajasthan-2022 | 02 Dec 2021

Why in News

On December 1, 2021, the first local roadshow of the Investors' Summit 'Invest Rajasthan-2022' proposed in the coming January (organised by the Government of Rajasthan) was held in Delhi.

Key Points

  • In the first local road show, the Rajasthan government was successful in getting the Memorandum of Understanding (MoU) worth Rs 68,698 crore and the letter of intent (LoI) worth Rs 10,099 crore signed.
  • This investment is proposed in the units established in Ghiloth, Bhiwadi, Neemrana, Jaipur, Udaipur, Alwar and many other districts of the state. Here, special sectoral zones have been developed by RIICO over the years.
  • On this occasion, some leading investment groups have expressed their intention to set up mega projects in the state.
  • Industries and Commerce Minister Shakuntala Rawat said on the occasion that the state government has given impetus to industrial development by creating a policy regulatory mechanism. RIPS-2019 Incentive Scheme, MSME Act, Single Window Scheme (Single Window System) and One Stop Shop (OSS) are our initiatives which have simplified and simplified the process of investment.
  • Invest Rajasthan Road Show is a unique event as it is the first such event after the Corona pandemic, in which 28 more road shows are being organized in different districts and states before Invest Rajasthan-2022.
  • For the first time, the State Government has emphasized not only on signing of MoUs/LoIs but also on foundation stone laying and inauguration of projects of investors. The District Collector will sign the MoU for the first time. Similarly, each department will sign the respective MoU with their respective department on their appointed day.