| The Summit will take place in Jaipur over two days, on November 30 and December 1, 2007, in association with FICCI. |
| The focus sectors in the summit will be Information Technology, Infrastructure and Automotive parts and Manufacturing. Education & HRD and Health care, Tourism & Heritage Conservation. |
| 'Resurgent Rajasthan' is an opportunity for participants to explore exciting business prospects in the state, including infrastructure development. This is consistent with the government's vision for 360-degree development of Rajasthan, a vision that has enabled the state to emerge as one of the fastest growing states in India. |
| Speaking at the launch of the 'Resurgent Rajasthan: Partnership Summit', the Hon'ble Chief Minister of Rajasthan, Smt Vasundhara Raje, said, "Our Government is laying strong emphasis on diversifying the state's economy and putting it on a high growth trajectory. The state's economy grew by over 8% last year. Efficient infrastructure, power, roads and transport, besides human capital, are essential pre-requisites for accelerated industrial development and economic growth. We have given high priority to development in all these sectors to make the environment conducive for growth, to effectively support investments and facilitate business opportunities." |
| The Partnership Summit will include a variety of workshops and business sessions for participants, with a focus on building business relationships and on new business opportunities in the state. The summit will provide an excellent platform for investors, business leaders, entrepreneurs and chamber members to network, exchange ideas and participate in one-to-one discussions with senior officials of Rajasthan Government. |
| Rajasthan is well on its way to becoming a hub of business opportunities for people from both within the country and across the world, setting new benchmarks in public-private partnerships and development plans. The state offers a peaceful work environment and possesses huge potential for industrial development. The government's efforts are now highly visible - the 'Doing Business in South Asia 2007' report brought out by the World Bank on the business climate in 12 major cities in India ranked Jaipur in third place, just behind Hyderabad and Bangalore. |
| Key infrastructure sectors have been developed to boost the growth of business in the state. These sectors are also open to private investment: |
| Power |
| Rajasthan is on course to become self sufficient in power by 2008. Besides setting up new power projects in the state sector, the government is also promoting private investment in power generation. The state already has an installed capacity of 5,500 MW of power and will add 4500 MW by 2011-12 through state sector projects of 1500 MW, private sector projects of 1500 MW and central sector projects of 1500 MW. |
| There are attractive opportunities for participation in the non-conventional energy sector. Rajasthan is fortunate to be blessed with abundant resources for non-conventional energy. Such units come under the 'Clean Development Mechanisms' under the Convention of Climate Change and investors stand to gain carbon credits, which makes it an attractive proposition. Over 520 MW of non-conventional power is already being generated by private units in the State. |
| Roads |
| Rajasthan has joined hands with the Infrastructure Leasing and Financial Services Company (IL&FS) to supplement and build on the National Highways Authority of India's (NHAI) efforts to broadening national highways. This is a first of its kind project in the country. A State Road Fund has also been created with the objective of leveraging private capital for investment in roads. By April 2008 all five North-South corridors shall be ready as world class expressways. Nearly 39% of the Delhi Mumbai Industrial Corridor, proposed alongside the Dedicated Rail Freight Corridor, will pass through Rajasthan. This offers new opportunities in a number of manufacturing and services sectors. |
| Industry |
| At present, RIICO has developed 304 industrial areas including SEZs equipped with the required infrastructure to facilitate rapid growth. The Bhiwadi-Neemrana belt alongside the Delhi-Mumbai Industrial Corridor has tremendous potential for both industrial and services investment owing to its proximity to the national capital, international airport, strategic location on the road and rail link between Delhi and Mumbai. |
| Information Technology |
| Rajasthan will soon announce a revised IT Policy and policy reforms to boost the ITES/BPO sector. The government also plans to convert Jaipur into a Wi-Fi City which along with the upcoming State Wide Area Network and the existing Free Right of Way would meet the communication requirements of investors. |
| The 'Computer Education on Wheels' in partnership with the private sector will take computer literacy to the villages, to equip the people there to participate in the economic growth process. |
| Human Resource Development |
| The government has also come out with policies to attract investments in medical education, hotels and townships, which will generate new employment and facilitate development of the physical and social infrastructure in the State to stimulate the growth further. On the Human Resources front, the state regularly organizes special capacity building programs for college teachers and training programmes for students. It is the first State to launch NASSCOM's NAC (NASSCOM Assessment of Competence) to assess soft skills in order to enhance the Business Process Outsourcing (BPO) sector in the state. |
| The 'Rajasthan Education Initiative', has brought the government, industry leaders (CISCO, IBM, NIIT, Microsoft, etc) and other bodies, like the World Economic Forum and GeSCI (Global e-Schools and Communities Initiative) together to give the education sector a fillip. |
| The state policy to promote private sector investment in healthcare facilities has already attracted over Rs. 2,000 crore worth of investment. The new hotel policy is geared to draw investments in the hospitality sector. |
| Tourism |
| There are also many opportunities to partner the State in the development and conservation of historical monuments in Rajasthan. |
| Rajasthan is thus all set to take a giant leap in terms of growth and development. The state has already gained recognition for its business-friendly environment and competitive economic incentives. The 'Resurgent Rajasthan: Partnership Summit' will help investors find new opportunities and expand the scope of business in the future. |
| About Bureau of Investment Promotion |
| The Bureau of Investment Promotion (BIP) is the nodal agency that promotes the establishment of industrial units in the state. BIP assists in every possible way, right from project conceptualization to its final implementation. BIP provides investment support by acting as a single-point interface with all government departments. BIP ensures that all the clearances and incentives are provided to industrial units within the prescribed time schedule. |
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