CM Bhajan Lal Sharma said that the Rising Rajasthan Global Investment Summit has brought national and international recognition to Rajasthan as an emerging hub of investment. The investment agreements signed during the summit, if implemented on the ground, will strengthen the state’s economy, give a new impetus to industries and create more than 6 lakh employment opportunities.
In a meeting held at the Chief Minister’s Office, Sharma reviewed the investment agreements (MoUs) in the renewable energy sector and said that the state government is fully committed to implement these projects in a time-bound manner. He assured the investors that the Government would extend all possible support in setting up their projects.
CM Bhajan Lal Sharma asked the investors to set clear timelines for their projects and report the progress to the government from time to time. For better coordination between the government and investors, a nodal officer will be appointed for every project, who will monitor the works and ensure timely completion.
CM Bhajan Lal Sharma directed the officials to expedite the land allotment and connectivity works for projects like wind, hybrid, battery storage and pump storage. He said that renewable energy has an important role to play in making the state self-reliant and surplus in the energy sector. Under this, the government is aiming to increase the generation capacity from 30 GW to 125 GW in the next few years.
On this occasion, the investors thanked CM Bhajan Lal Sharma and said that they are committed to bring all the projects to the ground in a transparent and time-bound manner. He also said that under the leadership of the present government, Rajasthan has emerged as the most conducive state for investment.
So far under the Rising Rajasthan Summit:
31 MoUs of 66.40 GW capacity for wind and hybrid energy, total investment around Rs. 4.23 lakh crore.
Out of these, 14 projects with an investment of Rs 2 lakh crore have been registered, work on 12 has started.
18 MoUs for battery storage projects, total investment Rs 53,900 crore.
13 MoUs for pump storage, total investment of Rs. 1.52 lakh crore proposed.
Chief Secretary, senior officials, and investors of various energy projects were also present in the meeting.