Why in news:

• The Rajasthan government on has recently announced that it has got investment proposals of Rs 74,312 crore in Bengaluru, raising 'Invest Rajasthan's' commitment tally above Rs 5 lakh crore.

Key Highlights:

• The Rajasthan government along with the Confederation of Indian Industry (CII) had hosted the investment roadshow at Bengaluru on Monday in a series of similar events being held across the country and abroad.
• The Rajasthan government's investor connect programme at Bengaluru turned in a major milestone in direction of state's advent to 'Invest Rajasthan 2022' investment summit.
• The success is reflected in inking of 4 MoUs and 15 LoIs (letter of intents) of over Rs 74,312 crore,
• The success of the roadshow has raised a tally of total committed investment above Rs 5 lakh crore, while several more such events are scheduled in prelude of Invest Rajasthan Summit to be held at Jaipur on January 24-25, 2022.
• As per the state government officials, investor enthusiasm at the recent investor connect programmes has testified of their confidence in state's potential and polices of the state government.
• It has also raised government’s expectations for grand success of Invest Rajasthan, as per Rajasthan's Industries and Commerce Minister Shakuntla Rawat, who had led a state government delegation to meet investors here, said.
• Investments committed from Bengaluru include new technology-based industries such as robotics, EV, technical textile, and renewable energy along with conventional sectors of hospitality, healthcare and real estate
• Among these is also JSW Neo Energy's proposal to develop a 1000 MW hydro pump-based energy storage plant in Sirohi district at an estimated investment of Rs 4,900 crore.
• Addverb Technologies has plans to develop an industrial automation and robotics products manufacturing unit at Karoli EMC Zone in Alwar district, it said, adding that, investment proposals of Rs 160 crore also received from Mysuru.

Invest Rajasthan

• Government of Rajasthan is organizing a major investment summit- Invest Rajasthan 2022 from 23-25 January 2022.
• The event has been designated for promoting investment opportunities across various sectors in State.
• The event is being termed as one of its kind investment programme organised by the government of Rajasthan with opportunities to build enduring win-win partnerships.
• Confederation of Indian Industry (CII) will be the major partner as well as co-organiser for the event.