Adani, ReNew, JSW, others invest Rs 1.67 lakh cr in Raj

The Board of Investment (BoI) in Rajasthan, chaired by Chief Minister Ashok Gehlot, has approved investments worth Rs 1.67 lakh crore. A majority of the amount will be spent in the renewable energy sector in the state, along with special incentive packages. Adani Green Energy, ReNew Power, JSW, and Greenco will set up renewable projects having a capacity of 34,000 MW, as per the proposals cleared by the BoI. Cumulatively, projects of these four renewable energy companies add to investments of nearly Rs 1.64 lakh crore, while the other approved projects came from sectors like electronics, technical textile, engineering, healthcare, ceramics, among others. The board has also cleared projects of Sahasara Semiconductors, Mewar Polytex, ASI Industries, Hemdha Medisources and Kanchan India. It also cleared issues pertaining to projects of Kajaria Group in the Bathware Mfg and Ceramic Tiles, JCB in Earth Moving Machines, Saint-Gobain in the glass manufacturing sectors for the smooth operation of these projects. According to the government, a total investment of over Rs 3,200 crore is expected from these companies. The Rajasthan government also introduced a tourism policy, and Rs 500 crore has been allocated in the budget for the Tourism Development Fund. The BoI has been constituted under the Rajasthan Enterprises Single Window Enabling and Clearance Act. Through an amendment in the Act in 2020, the state government had provisioned the board for fast-tracking clearance of proposals related to customised packages under RIPS 2019. According to the Rajasthan government, Saharsa Semiconductors will set up an assembling, testing, marking, and packaging unit to develop memory components. ASI Industries set up an engineered stone manufacturing unit which will be an export-oriented unit that will export 90% of the produce to Canada, the US, Europe, Australia, South Africa, New Zealand, and the Gulf. Image SourceAlso read: SECI invites bids to develop solar projects in Rajasthan Also read: ReNew commissions 110 MW solar project in Rajasthan