Rajasthan signs MoUs worth Rs 1,500cr at Dubai Expo

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These MoUs are related to the logistics, ceramics, stone, real estate, tourism and agriculture sectors, reports Asian Lite News

Memorandums of Understanding (MoU) and Letters of Intent (LOI) worth over Rs 1,500 crore were signed between a Rajasthan delegation led by the state ministers Shanti Dhariwal, Parsadi Lal Meena and Arjun Singh Bamnia and investors at the Dubai Expo

These MoUs are related to the logistics, ceramics, stone, real estate, tourism and agriculture sectors.

The delegation held one-to-one meetings with various investors and also met representatives of the Dubai Chamber of Commerce, who were invited to attend the state government’s program ‘Invest Rajasthan’ which is scheduled to take place on January 24-25, 2022.

Urban Development Minister Shanti Dhariwal said that positive reactions were seen regarding investment in Rajasthan.

“Overseas Rajasthanis as well as investors from different countries have expressed their willingness to invest in the state,” he added.

Industries Minister Parsadi Lal Meena informed that MoUs and LOIs were signed keeping in view the possibilities of industrial investment in the state and other policies including ‘One Stop Shop’, RIPS-2019 and MSME.

Also, investment proposals related to medical, education, IT, auto, textile and other sectors were being discussed, he added.

Minister of State for Industries Arjun Singh Bamnia informed that due to the availability of roads, electricity and natural resources besides DMIC, Expressway, Renewable Energy, investors are expressing their willingness to invest in Rajasthan.

The Rajasthan Pavilion at the Dubai Expo was inaugurated on November 13.

The Rajasthan pavilion which was inaugurated last Saturday was be graced by the state’s Industry Minister Prasadi Lal Meena, Urban Development Minister Shanti Dhariwal and the minister of state for Industry Arjun Singh Bamaniya, according to an official statement.

Besides, senior state bureaucrats and officials from the state’s industry and commerce department were also be present, it added.

The inaugural session at the Dubai Expo also marked the international launch of the Rajasthan government’s mega investment summit ‘Invest Rajasthan 2022’.

The programme was inaugurated under the aegis of Rajasthan Business and Professional Group at the India Club Dubai under the direction of Rajasthan Foundation Commissioner Dheeraj Srivastava. Industry experts Naveen Sharma, G R Mehta, Dinesh Kothari, Vasu Shroff, Gul Banswara also expressed their views during the event.

Global Business Foundation President Chandra Shekhar Bhatia, Conveners Sahitya Chaturvedi and Nilesh Jain gave a grand welcome and felicitation to the delegation.

During the week, several memorandum of understandings are also expected be signed between the state government and aspiring investors. The officials will also hold discussions and round table meetings with the investors present in Dubai during the period. 

The state officials shall also meet representatives of the Dubai Chamber of Commerce for further strengthening mutual trade and investment.

The international show will be a platform to highlight Rajasthan’s advantage as an investment destination and lay ground for major investments towards shaping trade and industrial scenario of the state. A series of the recent policy decisions by the state government have created a transparent and conducive investment environment.

The state, which is rich in mineral and natural resources, is also adding new advantages with the development of mega infrastructure projects such as Delhi Mumbai Industrial Corridor and Piped Gas grids. The upcoming HPCL-Rajasthan Oil refinery and Petrochemical Complex and Fintech park will add more avenues for investment.

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