 "Rajasthan signs pact for Rs 2,452-cr investments")
MoUs signed between the state and several private companies envisage setting up of industrial units, which would generate about 7,053 direct jobs and thousands of indirect ones. Raje said, “We must recognise we do not live in an economy, but in a society.”
The core idea was to create a system that works for everyone, she added. Acknowledging industry’s role in fostering social development, she nonetheless asserted the industrial resurgence was not an end in itself.
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The event, ‘Delivering dreams, sharing prosperity’ was organised by the Bureau of Industry Promotion, principal agency in charge of investment promotion in Rajasthan, in association with the Confederation of Indian Industry.
Investors present included Rajesh Agrawal, co-promoter at Micromax India, and Ajay S Shriram, chairman and senior managing director, DCM Shriram.
State industries minister Gajendra Singh Khimsar, chief secretary C S Rajan and principal secretary Veenu Gupta were also present. The Delhi meet is part of a series of events being held across India and abroad to promote investments in Rajasthan ahead of the Resurgent Rajasthan Partnership Summit, slated to be held in Jaipur on November 19-20.
The government hopes to put up a spirited challenge to its investment-rich neighbour, Gujarat. Earlier, road shows have been held in Japan, Germany and various Indian cities, including Mumbai, Bengaluru, Kolkata, and Indore.
Recent steps towards this include simplifying establishing and operating procedures for businesses simple, labor reforms and the single clearance window operated by BIP. The Rajasthan Investment Promotion Scheme-2014 extends subsidies to focus sectors, promises exemptions from duties and fees, and curbs red-tapism to some extent.