JAIPUR: Strengthening its reputation as the leading hub for renewable energy, Rajasthan government on Tuesday signed investment agreements of Rs 3.05 lakh crore with eight companies including public sector companies power companies like NTPC, NHPC, SjVN, THPC and SECI.
The government also entered into agreements with private sector companies including Reliance, Axis Energy and SAEL.
The largest investment commitment has come from Reliance which has announced to invest Rs 1 lakh crore in the areas of solar power generation and power transmission.
The company has plans to generate 20,000 MW across 1lakh acres in districts like Barmer, Jalore, Jodhpur, Bikaner and Jaisalmer. The letter of intent was signed by company’s president Umesh Bhandari,
This was part of state government’s proposed investment summit – Invest Rajasthan – which has already attracted investment of more than Rs 7 lakh crore out of which around Rs 5 lakh crore are in the renewable sector.
Chief minister Ashok Gehlot said the state government would facilitate the companies to realize their investment plans.
“20 years ago when I became chief minister, I had an idea of single window system. We experimented throughout and failed many times. But now I feel very happy that single window system is working and giving results. It’s quite satisfying. We want investors to be happy and prosperous investing in Rajasthan,” he said.
The newly appointed chief secretary Usha Sharma also hoped that the investor friendly policies and the unique topography of Rajasthan will continue attracting investments in the state.
“Renewable power sector is flourishing in the state. Our state has a unique distinction. Freight corridor passes through 14% area while Delhi Mumbai Industrial Corridor covers 58% of the area. This will become fulcrum of development in the state,” she said.
Industries minister Shakuntala Rawat, energy minister Bhanwar Singh Bhati and revenue minister Ram Lal Jat also assured a time bound clearance for projects and pledged all support to the investing companies.
The government also entered into agreements with private sector companies including Reliance, Axis Energy and SAEL.
The largest investment commitment has come from Reliance which has announced to invest Rs 1 lakh crore in the areas of solar power generation and power transmission.
The company has plans to generate 20,000 MW across 1lakh acres in districts like Barmer, Jalore, Jodhpur, Bikaner and Jaisalmer. The letter of intent was signed by company’s president Umesh Bhandari,
This was part of state government’s proposed investment summit – Invest Rajasthan – which has already attracted investment of more than Rs 7 lakh crore out of which around Rs 5 lakh crore are in the renewable sector.
Chief minister Ashok Gehlot said the state government would facilitate the companies to realize their investment plans.
“20 years ago when I became chief minister, I had an idea of single window system. We experimented throughout and failed many times. But now I feel very happy that single window system is working and giving results. It’s quite satisfying. We want investors to be happy and prosperous investing in Rajasthan,” he said.
The newly appointed chief secretary Usha Sharma also hoped that the investor friendly policies and the unique topography of Rajasthan will continue attracting investments in the state.
“Renewable power sector is flourishing in the state. Our state has a unique distinction. Freight corridor passes through 14% area while Delhi Mumbai Industrial Corridor covers 58% of the area. This will become fulcrum of development in the state,” she said.
Industries minister Shakuntala Rawat, energy minister Bhanwar Singh Bhati and revenue minister Ram Lal Jat also assured a time bound clearance for projects and pledged all support to the investing companies.
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