CM Gehlot approves Rs 246.81 bn investment boost for Rajasthan's growth

21 Aug 2023 CW Team

Ashok Gehlot, the Chief Minister of Rajasthan, based in Jaipur, has given his endorsement to tailored investment packages for seven distinct projects aimed at fostering an influx of Rs 246.81 billion into the state.

These proposals, which were granted approval during the fifth session of the Board of Investment, are predicted to generate job prospects for over 10,000 individuals, as indicated by an official statement.

During the session, Gehlot highlighted the state government's commitment to positioning Rajasthan as a frontrunner among states by the year 2030. He underscored the pivotal roles of industrial growth and increased investment in achieving this objective.

The Chief Minister conveyed that the Mission 2030's ambition is to propel the state's GDP to around 2.5 times its current value, reaching Rs 35.71 trillion. Gehlot also emphasised the substantial potential of solar energy in Rajasthan, noting the establishment of solar parks across the state.

The Board granted approval for various proposals encompassing personalised incentives, concessions, exemptions, and other facilitative measures. Notably, these endorsed propositions pertain chiefly to sectors such as solar cells and modules, automotive components, dairy products, and cement.

Dignitaries present at the meeting included Industry Minister Shakuntala Rawat, Chief Secretary Usha Sharma, Additional Chief Secretary for Industries Veenu Gupta, Additional Chief Secretary for Finance Akhil Arora, Principal Secretary for Energy Bhaskar A Sawant, Ashutosh A T Pednekar, Chairman of Rajasthan Renewable Energy Corporation, Commissioner of the Bureau of Investment Promotion Om Kasera, along with other officials.

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