As the date for Resurgent Rajasthan comes nearer, the environment for investment becomes increasingly more conducive in the State. Today (July 8, 2015), the State Cabinet chaired by the Chief Minister Vasundhara Raje cleared seven projects worth Rs3,981 crore for being set up in Rajasthan.

They will generate an employment for 17,000 persons approximately. They will also be given benefits of customised package under Rajasthan Investment Promotion Scheme (RIPS) -2014.

Briefing on the same, Parliamentary Affairs Minister, Rajendra Rathore, said that two projects worth Rs. 2150 crores have been cleared for the manufacturing of mobile phones, LED TV and allied products. Both these projects will be located at Karoli Industrial Area in Bhiwadi.

Intex Technology (India) Ltd. will set up a project at a cost of Rs1,000 crore, generating an employment for 7,500 persons. Similarly, Micromax will set up a unit at a cost of Rs500 crore. The employment to be generated in the project will be for 6,000 persons.

He added that in Bhilwara, the Jindal Saw Ltd. will set up a project for mining of iron ore and manufacturing of pellets, sponge iron, steel, etc. This project will be set up at a cost of Rs1,150 crore and will provide employment to 500 persons.

Furthermore, he informed that a subsidiary of the Daikin Group, Daikin Air Conditioning India Pvt. Ltd. will be setting up the manufacturing facility at a new location in the Japanese Zone of Neemrana with an investment of Rs500 crore. It will provide employment to 500 persons.

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