Shining 1.18 Lakh Crore In Solar Power And Dawn Of Semiconductors Sector.

@ BR Bureau

Opening doors to investment of 1.18 lakh crore in state, the State Empowered Committee (SEC) under the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 recommended six projects for consideration of special package under the Rajasthan Investment Promotion Scheme. The recommendations were made in the 33rd meeting of the SEC held under chairmanship of Chief Secretary. The proposals are from varied sectors like Energy, Textile and Manufacturing Sectors assuring to generate more than 30,000 job opportunities in the state.

Earlier, a Board of Investment under Chairmanship of Chief Minister has been constituted under the provisions of Rajasthan Enterprises Single Window Enabling and Clearance (Amendment) Act, 2020. It was the first SEC meeting since constitution of the Board of Investment. These proposals shall now be submitted for final decision before the newly constituted Board of Investment under Chairmanship of Chief Minister.

The investors have expressed confidence in the investment opportunities in state and policies of the state government under the leadership of Chief Minister Ashok Gehlot. The proposals recommended in the 33rd SEC meeting also present possibilities for emergence of new opportunities and more sustainable development in state and also mark a point that Renewable Energy is one of the booming sector in the State. The proposals in the Renewable energy Sector included a 10 GW solar power project intending an investment of Rs 47wQbNPTDJp9hMYdvogK2hAUiHsGeiybwaWe36bwtRQ3UTpYV7YuZ8FV5j9nauFCWwcjM6dTzpL5s2N79Rp5unwdMvc8ZKU 40,000 crore and, an Integrated renewable energy storage project to be developed with an investment of Rs 30,000 crore, which will come in a phased manner in the coming years.

Now it is an accepted fact that introduction of investor friendly policies/schemes like The Rajasthan Investment Promotion Scheme (RIPS) 2019, Rajasthan Industrial Policy-2019 and the Rajasthan Solar Energy Policy 2019 and the Rajasthan Wind and Hybrid Energy Policy 2019 have given a positive message to the investors looking to invest in the State.