The billionaire industrialist, who was here to attend the Resurgent Rajasthan Summit, in a statement said, the event has energised the corporate sector.
"Resurgent Rajasthan has put energy in corporate sector," Agarwal said.
The summit, which saw participation of leading industrial houses like Adani Group, Reliance and Aditya Birla group, received investment commitments of about Rs 3.3 lakh crore.
The chief of the Vedanta group, which has interests in oil&gas zinc, lead, silver in the state said, "Rajasthan has rock phosphate, potassium, oil&gas, zinc, lead, silver, marble and may more minerals."
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Agarwal said many countries have grown by capitalising natural resources, which have played an important role in building economies of many countries.
"Rajasthan is a state blessed with abundant mineral resources that can create millions of jobs for the citizens of the state and eradicate poverty. Rajasthan can become England of India the way it is progressing," he said.
"Auction is the best option to utilise these minerals that would only help the economy, reduce the import bill and create jobs, thereby help in eradicating poverty," Agarwal said.