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Rajasthan today is rapidly emerging as one of the most attractive
investment destinations in India. Doing business in Rajasthan
has become an attractive and exciting proposition. Wide-ranging
economic reforms, availability of low cost labour, access
to cheap and a variety of raw material and intermediate products,
a large domestic market, a mature financial sector and political
stability are some of the factors which have increased investment
flows.
Investment
Potential :
Rajasthan has vast potential for investment mainly in its
Six thrust Sectors :
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Minerals
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Agriculture
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Gems
and Jewellry
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Tourism
(Art & Culture)
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Handicrafts
& Handloom
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Industrial
Infrastructure
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The
Total Exports from Rajasthan in the year 1991-92 was appox.
Rs. 300 Crore which has grown manifold to Rs. 3500 Crore in
the year 1997-98 which has touched new heights in 1998-99
by exceeding Rs. 4000 crore. The main items exported were
ReadyMade Garments, Food/Agro Products, Engineering, Electronics,
Textile, Carpet & Durries, Plastic & Linoleums, Gems
& Jewellery, Diamond, chemical & Allied, Handicrafts,
Marble and Granite, Wool & Woollens Handloom and Leather.
Even now total capacity utilization is appox. 35% which
itself offers great opportunities for investors.
Rajasthan
being third largest state of India has immense potential of
devlopment mainly in Power sector, Infrastructure and Industries.
It has approx. 531 large and medium scale industries having
total investment of approx. Rs. 12577 Crores. Government policies
and various Organisations has also helped Small Scale Industries
to grow manifold to 1,93,820 with total investment Rs.2333
crores. Inland Container depots and air cargo facilities at
multiple location has further helped increasing trade from
Rajasthan. Well organized and equipped industrial areas, support
from various government organizations, favourable government
policies, better infrastruture and working environment adds
value to it.
Advantages of Rajasthan :
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One
of the first states to move on the Central Government's
new liberalization policies, Rajasthan has a very
investor-friendly climate.
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Well administered State government.
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Abundance
of agricultural and mineral resources, including
significant deposits of lignite for potential power
generation.
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Rajasthan
has set up a Bureau of Industrial Promotion which
acts as an interface between industrialists and
various Government departments to save the industrialists
the "fret and sweat involved in getting through
the formalities and procedures related to establishing
an industrial unit in the State."
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Congenial
labor relations and an acceptable level of work
culture.
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4,500
sq. km. in the Alwar District of Rajasthan lies
in what is considered the "National Capital Region"
centered around New Delhi. This area is being developed
as an industrial growth center with considerable
central government investment in infrastructural
facilities.
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Dominant Industries :
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Textiles
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Engineering
(metallurgy and mechanical products)
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Non-metallic
minerals (cement, marble, granite)
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Chemical
industries
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Investment Encourages/Deters :::
Encourages:
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Numerous
incentives for new industries, especially in the
infrastructure sector
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Widespread
roads and developing rail and telecommunications
network
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State
bureaucracy's increasing desire to attract investment
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Deters:
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Poor
performance in policy implementation and uncooperative
local administration
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High
rate of illiteracy, over-burdened public education
and poor healthcare coverage
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Scarcity
of highly-skilled workers and relocation
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State-identified Priority Sectors :
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Agro-based
Industries
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Leather
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Wool
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Hotels
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Ceramics
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Tourism
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Minerals
Project
Profile :
Top 10 projects: (1 crore = Rs 10 million = approx.
US $250,000)
- Irrigation:
Government of Rajasthan, Rs 2,857 crore investment
- Thermal
Power: Hindustan Vidyut Corp., Rs. 2,450 crore
investment
- Thermal
Power: RPG Dholpur Power, Rs 2,424.63 crore
investment
- Thermal
Power: West Power, Rs 2,406 crore investment
- Thermal
Power: West Power, Rs 2,406 crore investment
Nuclear
- Power:
Nuclear Power Corp., Rs 2,107 crore investment
- Thermal
Power: Rajasthan SEB, Rs 1,600 crore investment
- Thermal
Power: Rajasthan SEB, Rs 1,597 crore investment
- Fertilizers:
Chambal Fertilisers, Rs 1,256 crore investment
- Solar
Energy: Rajasthan Energy Dev., Rs 980 crore
investment
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Infrastructure :
Resources
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Agricultural
Base: The State is a leading producer of mustard,
rapeseed, soybean, barley, maize, wheat and
cotton.
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Minerals:
Rajasthan has a near monopoly in India with
respect to zinc, copper, gypsum, soapstone,
asbestos, silver, feldspar, ball clay and
rock phosphate. It also has rich deposits
of limestone, mica, calcite, silica, vermiculite,
marble and granite.
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