European Investors invited to invest in Rajasthan through webinar

Jaipur, June 9. In a webinar with the diplomats and investors from various European countries Shri D.B. Gupta, Chief Secretary briefed them about the opportunities and USPs of Rajasthan as well as transparent and attractive policy framework of incentives and concessions provided by the state. He also highlighted the advantages of Rajasthan with regard to connectivity, Delhi Mumbai Industrial Corridor, availability of skilled manpower, resource advantages as well as infrastructure strength.

The Government of Rajasthan interacted with the Diplomats and Investors from various European countries through a webinar organised on 9th June 2020. Shri Gupta led the Rajasthan Team comprising Additional Chief Secretary, Industries, Dr. Subodh Agarwal; Managing Director, RIICO, Shri Ashutosh A. T. Pednekar and Commissioner, Industries, Shri Muktanand Agarwal.

This webinar was organized by Rajasthan State Industrial Development & Investment Corporation Ltd. (RIICO) in collaboration with European Business Group Federation (EBG Federation) to invite investments from European companies. European Business and Technology Centre (EBTC) and European Economic Group (EEG) were also a part of the dialogue. Diplomats from various European countries including Czech Republic, Royal Embassy of Denmark, Embassy of Italy, Embassy of Switzerland, Embassy of Bulgaria, Embassy of Belgium amongst others along with representatives of many Multi-Nationals operating in Europe participated.

More than 30 companies across various sectors like Pharmaceutical, Agro Product Sector, Fertilisers Sector, Cement Sector, Skill Development Sector, Power Sector, Tourism Sector participated in the Webinar.

Responding to the questions of the participants, the Chief Secretary assured fast disposal of their existing issues. Shri Gupta also mentioned that the State has taken several steps regarding Ease of Doing Business. The participants were highly appreciative of the infrastructure facilities and response from the government machinery in Rajasthan.

Dr. Agarwal informed the participants that Rajasthan is the first Indian State to allow MSMEs to start ventures without obtaining approval or clearances under the State laws, and the One-Stop Shop that Rajasthan is mobilizing for fast-track approvals.

The participating diplomats and Mr. Raman Sidhu, Chief Executive Officer EBG Federation suggested devising a platform for regular interaction with embassies and potential investors.

Shri Pednekar informed that such interactions would be held regularly. He also mentioned that positive suggestions received in the webinar would help in giving future direction to the efforts.

The Government of Rajasthan is looking at possibilities of entering into MoUs with trade bodies like EBG Federation to speed up investment from foreign investors. Further interaction with foreign investors and diplomats are lined up in coming days, with next interaction being planned with French companies on 12th June 2020.