During the Board of Investment’s review meeting for Rajasthan on Saturday, Chief Minister Ashok Gehlot approved customized packages for five projects to encourage investment of Rs 6,994 crore in the state.
These projects will create employment opportunities for 5,415 workers. Gehlot said that in order to increase investment in the state, the Congress government has implemented many important policies and programs in the last four years, including the MSME Policy in Rajasthan, the Rajasthan Investment Promotion Scheme (RIPS), and others.
The proposals were approved in the fourth meeting of the Board of Investment at the Chief Minister’s residence on Saturday. CM Gehlot said that the state government will set up new industrial units in the state.
The chief minister said that the obstacles to investment should be removed with full commitment and projects should be started in a time-bound manner. “The recently released RIPS 2022 has been highly appreciated by investors,” the chief minister said, adding, “With these policies, proposals from international companies are constantly coming.” This will further strengthen industrial growth.”
Industries and Commerce Minister Shakuntala Rawat said that a meeting is organized by the department on the first Thursday of every month to implement the proposals of investors in the state. The approved proposals during the meeting were the Wonder Cement Ltd. project, the JK Cement Ltd. project, the Fortelia Industries project, the Barve Group’s project, and the establishment of Maya Hill Resort LLP for Hotel and Resort Investment.