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Rajasthan formulate new policies to boost private investment

Tags: rajasthan, policy, riico, msme, investment, government, industrial land

August 27, 2013 | COMMENTS ( 0 )

Rajasthan formulate new policies to boost private investment

Taking advantage of the Rajasthan government's industry-friendly policy, leading firms like Honda, Eicher-Polaris and Ambuja Cements have made huge investments and a number of firms are in the process of setting up shops in the state.

 

Naveen Mahajan, Managing Director, Rajasthan State Industrial Development and Investment Corporation (RIICO) speaking at Invest North conclave organised by the industry body CII said, “Rajasthan government has come up with a plethora of policy initiatives in the last couple of years to create enabling investment climate which has in turn attracted huge investments to the state.”

 

“It is a state which is constantly on the move coming up with new initiatives like the new textile policy which has recently been announced. RIICO is also constantly upgrading its norms to reflect the new realities in the investment climate in the country so that the state can be the favoured choice of investors,” he said.

 

Siddharth Mahajan, commissioner, Board of Investment Promotion, said the Rajasthan government has formulated several policies and schemes to facilitate private investment.

 

Mahajan said the Rajasthan government has reserved one-third of its developed industrial area for SMEs to give a boost to the sector.

 

“Rajasthan is the only state in India to have an act on single window clearance - Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011. It is the only state in India to have three international investment zones. Besides the existing Japanese Manufacturing Zone at Neemrana, an exclusive Korean Industrial Zone and will soon come up in the region of Alwar district in Rajasthan,” he said.

 

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