Rajasthan gets Rs 1.94-lakh crore investment commitments across various sectors
- IBJ Bureau
- Dec 08, 2021
Rajasthan received investment commitments of Rs 1.94 lakh crore from a wide range of investors for renewable energy, mine and mineral, engineering and pharmaceutical sectors at a roadshow held in Mumbai on Wednesday.
Of this investment commitment, the State has signed Memoranda of Understanding (MoUs) worth Rs 1,27,459 crore and Letters of Intent (LoI) to the tune of Rs 67,379 crore.
The MoUs and LoIs were signed in the presence of the State’s Commerce and Industries Minister Shakuntala Rawat.
The Rajasthan government will be organising a two-day investment summit next month to invite companies to explore the State for business prospects. The government is organising various webinars and national and international roadshows, among others, to connect with investors in the backdrop of the investment summit in January.
JSW Future Energy proposed to invest Rs 40,000 crore to set up a 10,000-mw renewable energy project in Jaisalmer district, while the Vedanta Group proposed expansion in the oil exploration sector worth Rs 33,350 crore in the State, the Rajasthan government announced at the Invest Rajasthan Roadshow today.
Similarly, Greenko Energies proposed a Rs 30,000-crore integrated renewable energy storage project and Adani Green Energy decided to invest Rs 20,000 crore in a renewable energy project of 4,000 mw in Jaisalmer, Barmer, Jalore and Jodhpur districts of the State, the government said.
Adani Total Gas would be putting in Rs 3,000-crore in a city gas supply project in Udaipur, Bhilwara, Chittorgarh and Bundi. Krish Pharma proposed a pharmaceutical manufacturing unit in Sirohi with an investment of Rs 750 crore among other 40 proposed projects, the State government said.
“'Rajasthan is the largest State of India, and it is full of all kinds of natural resources. It has an adequate power supply, water resources, roads and other necessary infrastructure facilities that are connecting the neighbouring States and with closer proximity to the country’s capital,”' said Ms Rawat.