Resurgent Rajasthan Summit 2015

• Finance Minister Jaitley stands in support as State rolls out red carpet for investor
• International leaders and corporate czars hail State’s reforms
• Commitments of investment stand at Rs.3,30,000 crore generating 2.5 lakh jobs
• Minister of Chemicals and fertilizers, Ananth Kumar commits projects worth Rs.10,000 crore
• Reliance ADAG to make Rajasthan its solar power hub
• Singapore Home Minister announces direct flight between city state and Jaipur

The Resurgent Rajasthan Partnership Summit 2015, the two-day global investment meet organised by the Government of Rajasthan in association with the Confederation of Indian Industry (CII), got underway here today in the presence of the Union Finance Minister, Shri Arun Jaitley; the Governor of Rajasthan, Shri Kalyan Singh; Union Ministers Ananth Kumar, M. Venkaiah Naidu, Suresh Prabhu, Rajiv Pratap Rudy; the State Chief Minister, Smt. Vasundhara Raje; the State Industries Minister, Shri Gajendra Singh Khimsar;State Chief Secretary, Shri C.S. Rajan; a wide cross-section of the captains of Indian industry; and business leaders, diplomats and government representatives from across the globe.

Japan, Singapore, Italy and South Australia are international partners in the Resurgent Rajasthan Partnership Summit 2015.

The inauguration set the pace for the Summit with the Chief Minister announcing that the commitments of investments stood at Rs. 3,30,000 crore generating 2.5 lakh jobs.

The summit brings together leading investors from across the world to interact with the political leadership, government officials and local business leaders to discuss investment opportunities in Rajasthan.

Chief Minister Vasundhara Raje said, “Under the able stewardship of the Prime Minister, Shri Narendra Modi, the Centre is nurturing an ecosystem of strong, empowered States.”

Asserting that the Summit was not a one-off event, she added, “We do not live in an economy but in a society. And that is why the Rajasthan Model of Development rests on the triad of ‘Social Justice’, ‘Effective Governance’ and ‘Job Creation’.”

Chief Guest Arun Jaitley commended the Vasundhara Raje Government’s successful efforts over the last two years to rescue Rajasthan from a precarious state of public finance and noted with satisfaction that the Resurgent Rajasthan Partnership Summit was a movement that marked a steady flow of investment into the State.

Shri M.Venkaiah Naidu, Minister of Urban Development and Housing & Urban Poverty Alleviation, said thatRajasthan was the first State to achieve total convergence in the implementation of the country’s new urban initiatives. It was also the first state to signMoUs for promoting affordable housing projects with private and public sector companies. The proposed investment expected from these 27 MoUs is Rs.12,478 crore and total direct employment benefit expected is 38,950 jobs in housing, health and medicare and education and institutional sectors.

Railway Minister Suresh Prabhu revealed that the State Government would enter into a joint venture with the Railways to develop rail infrastructure in the State. He said 24 railway stations will be developed in the State.

Union Minister for Chemicals and Fertilizer, Ananth Kumar committed to set up projects worth Rs.10,000 crore. These include a new campus of the National Institute of Pharmaceutical Education and Research in Jhalawar, upgradation of the Central Institute of Plastic Engineering and Technology at Jaipur, and setting up a Rs.5500-crore project in Kota, marking the first investment in urea production in 20 years. He also promised to set up a plastic park in Bhiwadi and a medical devices park in the state subject to the availability of land.

Captains of industry including Mr. Adi Godrej, Mr. Cyrus Mistry, Mr. Anand Mahindra, Mr. Uday Kotak, Mr. Anil Ambani, Mr. Anil Agarwal, Mr. Pawan Munjal and Mr. Kumar Mangalam Birla hailed the State Government’s implementation of its reforms agenda and promotion of ease of doing business. They spoke of their presence in Rajasthan and reaffirmed their commitment to the State.

Mr. Anil Agarwal of Vedanta, which has interests in zinc and crude in the State, had the potential of being “another Australia and another Canada”.

Mr. Anil Ambani of ADAG Group said that his conglomerate had decided to make Rajasthan its solar growth centre.

Singapore Home Minister K. Shanmugam declared that Rajasthan was one of only two states in India that his country had decided to partner in wide-ranging initiatives. Mr. Shanmugam also revealed that Scoot, a group company of Singapore Airlines, would soon commence direct flights between Jaipur and Singapore.

Complementing the Rajasthan Government for an overwhelming response to the Resurgent Rajasthan Summit, Mr. Sumit Mazumder, President, Confederation of Indian Industry (CII) & Chairman & Managing Director, TIL Limited said that the industry body expected unprecedented investments to flow into Rajasthan in the next one year, courtesy the State’s pro-industry initiatives, fiscal and non-fiscal incentives and fast paced reforms aimed at enhancing transparency, ease of doing business, streamlining the regulatory environment, and ensuring time bound clearances.

About Resurgent Rajasthan Partnership Summit

The Resurgent Rajasthan Partnership Summit, which was held in Jaipur on November 19-20, 2015, brought together leading investors from all over the world for interacting with policy makers, including the political leadership, government officials and, local business leaders on the investment environment and opportunities in Rajasthan. The summit was organised by the Government of Rajasthan in association with the Confederation of Indian Industry (CII). The summit had thematic seminars, panel discussions, B2B & B2G meetings and other networking programmes. For further information, please visit http://resurgent.rajasthan.gov.in

Jaipur, November 19, 2015