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Resurgent Rajasthan Partnership Summit Programme :
The Resurgent Rajasthan Partnership Summit will be launched in Rajasthan State, for which the initiative is to attract renowned investors and industrialists to invest in the overall growth of state. The state being largest in term of land area has fair opportunity and market for companies to invest.
The focus sectors in the summit will be Automotive parts, Information Technology, Infrastructure and Manufacturing, Education, HRD and Healthcare, Tourism and Heritage Conservation. The Partnership Summit will include a variety of workshops and business sessions for participants, with a focus on building business relationships and on new business opportunities in the state. The summit will provide an excellent platform for investors, business leaders, entrepreneurs and FIICI members to network, exchange ideas and participate in one-to-one discussions with senior officials of the Rajasthan Government. In the run-up to the event, the State will give high priority to new proposals. Projects currently under consideration of the State Government have been put on fast track for requisite clearances/approvals. There will be regular high-level meetings to consider existing projects/ proposals/ expressions of interest and MoUs will be signed with promoters for implementation of projects. There are a number of new projects in the Public-Private Partnership mode on offer. The State offers business opportunities in a wide range of sectors and these sectors are open to private investment:
Power : Rajasthan is on course to become self sufficient in power by 2008. Besides setting up new power projects in the state sector, the government is also promoting private investment in power generation. The state already has an installed capacity of 5,500 MW of power and will add 4500 MW by 2011-12 through state sector projects of 1500 MW, private sector projects of 1500 MW and central sector projects of 1500 MW. There are attractive opportunities for participation in the non-conventional energy sector. Rajasthan is fortunate to be blessed with abundant resources for non-conventional energy. Such units come under the ‘Clean Development Mechanisms' under the Convention of Climate Change and investors stand to gain carbon credits, which makes it an attractive proposition. Over 520 MW of non-conventional power is already being generated by private units in the State. Roads : Rajasthan has joined hands with the Infrastructure Leasing and Financial Services Company (IL&FS) to supplement and build on the National Highways Authority of India's (NHAI) efforts to broaden national highways. This is a first-of-its-kind project in the country. A State Road Fund has also been created with the objective of leveraging private capital for investment in roads. By April 2008, all five North-South corridors shall be ready as world class expressways. Nearly 39% of the Delhi-Mumbai Industrial Corridor, proposed alongside the Dedicated Rail Freight Corridor, will pass through Rajasthan. This offers new opportunities in a number of manufacturing and services sectors. Industry : At present, RIICO has developed 304 industrial areas including SEZs equipped with the required infrastructure to facilitate rapid growth. The Bhiwadi-Neemrana belt alongside the Delhi-Mumbai Industrial Corridor has tremendous potential for both industrial and services investment owing to its proximity to the national capital, international airport, strategic location on the road and rail link between Delhi and Mumbai. Information Technology : Rajasthan will soon announce a revised IT Policy and policy reforms to boost the ITES/BPO sector. The government also plans to convert Jaipur into a Wi-Fi city which along with the upcoming State Wide Area Network and the existing Free Right of Way would meet the communication requirements of investors. The ‘Computer Education on Wheels' in partnership with the private sector will take computer literacy to the villages, to equip the people there to participate in the economic growth process. Human Resource Development : The Rajasthan government's focus is on enriching new competencies and transforming traditional skills. The government has also come out with policies to attract investments in medical education, hotels and townships, which will generate new employment and facilitate development of the physical and social infrastructure in the State to stimulate the growth further. On the Human Resources front, the state regularly organizes special capacity building programs for college teachers and training programmes for students. It is the first state to launch NASSCOM's NAC (NASSCOM Assessment of Competence) to assess soft skills in order to enhance the Business Process Outsourcing (BPO) sector in the state. The ‘Rajasthan Education Initiative', has brought the government, industry leaders (CISCO, IBM, NIIT, Microsoft, etc) and other bodies, like the World Economic Forum and GeSCI (Global e-Schools and Communities Initiative) together to give the education sector a fillip. Over Rs 25 crore private investments have been channeled into this sector in the last two years. The state policy to promote private sector investment in healthcare facilities has already attracted over Rs. 2,000 crore worth of investment. The new hotel policy is geared to draw investments in the hospitality sector. Tourism : Besides infrastructure and hospitality services, there are many opportunities to partner the State in the development and conservation of historical monuments in Rajasthan. Rajasthan is thus all set to take a giant leap in terms of growth and development. The state has already gained recognition for its business-friendly environment and competitive economic incentives. The ‘Resurgent Rajasthan: Partnership Summit' will help investors find new opportunities and expand the scope of business in the future. Objectives of Programme :
1. The main objective behind conducting this session is to enable two-way communication between the government regulators and the industry.
2. The summit was to boost Rajasthan and move it towards sustainable long-term growth and inclusive development through reaching out to stake holders and partners in this journey.
3.With a host of state-specific skill initiatives, Government of Rajasthan (GOR) will contribute significantly to Prime Minister Narendra Modi's Skill India programme that aims to train over 40 crore people in India in different skills by 2022.
4. The ‘Resurgent Rajasthan' summit offers participants an opportunity to explore exciting business prospects in the state, including infrastructure development. This is consistent with the Rajasthan government's vision for 360-degree development, a vision that has enabled the state to emerge as one of the fastest growing states in India.
5.The objective of Resurgent Rajasthan is to increase the inflow of capital and investment in the state.
About Resurgent Rajasthan Partnership Summit :
The Resurgent Rajasthan Partnership Summit, will bring together leading investors from all over the world for interacting with policy makers, including the political leadership, government officials and local business leaders on the investment environment and opportunities in Rajasthan. The summit is being organized by the Government of Rajasthan in association with the Confederation of Indian Industry (CII). The summit will have thematic seminars, conventions, panel discussions, discussion forums, B2B ( Buisness to Buisness ) & B2G( Buisness to Government) meetings, exhibition pavilions and other networking programs. The State Government expects a significant surge in global investor interest and definite commitment to invest as a result of the Resurgent Rajasthan Partnership Summit. Understanding priority and importance of the event, Jaipur Development Authority (JDA) has started working on every corner of the city. The major among them includes installation of 200 light poles, fitted with LED lights on the stretch of around 3 Km, starting from Vidhan Sabha to the Statue Circle. The early reports says that alone JDA would spend 3.84 crore over the makeover of the city.
The first edition of Resurgent Rajasthan Partnership Summit was held in 2007 and resulted in about 300 MoUs signed and brought in investment proposal amounting Rs 1,62,607 crore across 367 project. Till date, nearly 40 per cent of the project from the first edition has been completed or are under process. These amount to a total investment of Rs 39,000 crore. The Resurgent Rajasthan initiative has additionally brought significant investment into Rajasthan, and going forward, is expected to drive well.Thus while Rajasthan has factor advantages in a number of sectors backed by favorable policies and support, the State faces challenges from various dimensions such as unemployment rate, difficult working conditions, early stage of industrial culture, need for enterprenurship and skewed economic development.
By: Pooja Sharda ProfileResourcesReport error
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