Rajasthan bags Rs 70,000 cr investment commitments

Rajasthan bagged investment commitments worth around Rs 70,000 crore in its Investor Meet on Wednesday with Avadda Power, O2 Power SG Pte, Asahi India Glass Ltd., Saint Gobain, OKAYA, Varun Beverages, and Wipro being the top investors. The investments were majorly envisaged in various districts across the state including Bhilwara, Chittorgarh, Jhalawar, Ajmer, Jaipur, Udaipur and Alwar, according to a statement issued by Invest Rajasthan.
At the event, Rajasthan Chief Minister Ashok Gehlot said that Rajasthan has come long way as a state investing heavily into education, health, infrastructure, refinery, petrochemicals and renewable energy.

“Industries play a vital role in all development. With good law and order situation, beautiful roads, focus towards health, and many other new developments, Rajasthan is a wonderful state for you all to come and invest,” Gehlot said.

“Setting a new benchmark, MoUs of Rs 69789.93 crore have been successfully signed by the Rajasthan government creating a total of 11,846 direct employment opportunities,” Invest Rajasthan said in the statement.

Some of the notable investors have lined-up the huge projects such as Avadda Power has proposed to invest about Rs 40,000 crore in Rajasthan for Green Hydrogen & Ammonia; O2 Power SG Pte has proposed to invest Rs 25,000 crore in Renewable Energy and Solar Power in various districts; Asahi India Glass Ltd. has proposed investment of Rs 1,400 crore in Chittorgarh; Saint Gobain has proposed to set-up float glass manufacturing with the investment of Rs 1,000 crore in Alwar; Varun Beverages Ltd will be establishing a manufacturing unit for Carbonated Soft-drinks, fruit juices & packaging products of Rs 636 crore and Wipro to invest Rs 200 crore in Jaipur for Hydraulic Cylinders.