Resurgent Rajasthan Summit 2015

The session on ‘Regulatory Reforms’ will stress on the significance of the right regulatory framework for attracting investors

Scheduled for November 19 and 20, 2015, Resurgent Rajasthan Partnership Summit will conduct an exclusive sectoral session ‘Regulatory Reforms: Creating an Investor-Friendly Environment’. This session will be attended by both industrialists and senior government officials.

After coming into power last year, Prime Minister Shri Narendra Modi-led NDA Government has encouraged participation of State Governments in policy matters related to sectors like manufacturing, retail and telecom. Government of Rajasthan (GoR) will do its bit by discussing some of these possibilities at the Summit.

The focus of the discussion is expected to be on the need for a sound policy and regulatory framework and efficient supporting institutions to enforce the relevant laws and regulations imperative for attracting investments. The session will also stress on the importance of putting in place an adequate physical and social infrastructure in the state which complements the policy and regulatory framework to create an investor-friendly environment. These measures are expected to result in ease of doing business in Rajasthan.

The main objective behind conducting this session is to enable two-way communication between the government regulators and the industry. The Chief Guest for the session will be Mr. Ananth Kumar, Union Minister for Chemicals and Fertilisers. The key government officials who will speak at the session will include Mr. Amitabh Kant, Secretary, Department of Industrial Policy and Promotion; Dr. Ajay Shankar, Chairman, Expert Committee on Ease of Doing Business and Mr. Abhay Kumar, Commissioner- Industries, Government of Rajasthan. Representing the industry, there will be addresses by Ms. M Teresa Kho, Country Director (India), Asian Development Bank; Mr Sunil Kant Munjal, Joint Managing Director, Hero Moto Corp; and Mr Ajay Shriram, Chairman & Sr. Managing Director, DCM Shriram Ltd.

Mr. Ajay Shriram lauded the reformative attitude of the Rajasthan government and said, “Rajasthan has everything going for it; it has a progressive political leadership, a responsive bureaucracy, adequate land, access to markets and a hardworking young population. Further, several policy announcements for improving the business environment has given it a head start.”

“Rajasthan was amongst the first few states to realize that the need of the hour is to create jobs for its young population. The State has generated the right climate for investment and growth. I am confident that this will result in furthering employment and thereby reducing poverty.”

In September 2015, Department of Industrial Policy Promotion (DIPP) published a report on the ranking of Indian states on ease of doing business. Rajasthan has led several Indian states in introducing business reforms. The state has been ranked amongst the top 5 states in India for complying with tax and environmental procedures, carrying out inspections, allotting land and providing construction permits timely.

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 7, 2015