A sought after business destination since the beginning of time
Historically speaking, the cities of Rajasthan have always held an important position in the business history of the world. Desert caravans and traders from faraway lands visited well-known cities like Bikaner, Jaisalmer, Jodhpur, Jaipur etc. conducted their business in the state. Rajasthan was the new-age business hub back then. Even today, Rajasthan is one of the most preferred business destinations for people around the world. Abundant natural resources, investment-friendly policies, a vast and unexplored talent pool and a secular environment are some of the reasons why national and international business giants are drawn to this magnificent state.
In the recent years, a lot of leading firms like Honda, Eicher-Polaris, and Ambuja cement have made huge investments in the state while a number of firms are in the process of setting up businesses in the state. National and international business houses have also been looking at business opportunities in the state. Rajasthan also houses an exclusive Japanese Manufacturing Zone in Neemrana. The success of this project has intrigued the Korean fraternity, who have decided to set up an exclusive Korean Industrial Zone in the region of Alwar.
Policies that promote business
A number of innovative policies including the Industrial and Investment Promotion Policy (RIIP) announced by the current state government have boosted the investment prospects in the state. No other state can boost of an act that allows single window clearance. Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 is a single point contact to reduce the time and efforts involved in various clearances and approvals of applications submitted by investors. The investors can also view the status of their online applications. The state has a network of support organizations like Rajasthan State Industrial Development and Investment Corporation, the Commissioner of Industries, the Bureau of Investment Promotion and the Rajasthan Finance Corporation, amongst others. Rajasthan investment incentives include subsidies, power concessions, land and building tax exemption, and special land package for IT industries. Rajasthan government has reserved one-third of its developed industrial area for small and medium enterprises to give a boost to the sector.
A prosperous future
Rajasthan is strategically located along the Delhi-Mumbai section of the Golden Quadrilateral highway project, the proposed Dedicated Freight Corridor(DFC) and the Delhi-Mumbai Industrial Corridor (DMIC). Of the dedicated freight corridor – covering Uttar Pradesh, the National Capital Territory of Delhi, Haryana, Rajasthan, Gujarat and Maharashtra – nearly 1,500 km passes through Rajasthan, accounting for the largest share of 39 percent. The state government has provided for two major junctions at Marwar and Phulera, offering high-speed, high-load connectivity for movement of freight. DFC is in planning stages and is to be constructed by 2016. The zone all along this corridor will be developed as an industrial corridor all the way to Mumbai. For Rajasthan, this zone will cover nearly 60 percent of its population and has a potential of billions of dollars of investment along with rapid growth. Rajasthan has access to 46% of DMIC. It falls within major districts of Jaipur, Alwar, Kota and Bhilwara. The DMIC will provide high quality environment with state of the art infrastructure for new investors. The infrastructure includes creation of a Greenfield Integrated Township with a Knowledge City in the Khushkheda-Bhiwadi-Neemrana belt and a Greenfield international airport for passengers and cargo with an integrated logistics and warehousing hub.
A home away from home conducting business in a new place is not easy. Not only does one have to deal with new customs, languages and new people, but also worry about ensuring good medical facilities and a safe environment for the family and good education for children. Rajasthan offers this and much more to its visitors. It offers world class medical facilities, which are comparable with any of the western countries. It has state-of-the-art hospitals and the best qualified doctors. As far as education is concerned, the state has become one of the biggest educational hubs in the country. It not only houses some of the most well-known schools of the country but also has a number of government and private universities and colleges, which offer a wide range of courses from medical to management.
Welcome to Rajasthan
Rajasthan’s investor friendly policies, peaceful environment, hospitable people, vast and unexplored natural resources, world class medical and education facilities have made it one of the most preferred destinations for national and international investors.
Why choose Rajasthan
· With 252 mines currently in operation, Rajasthan accounts for the entire production of lead and zinc concentrates of India
· Rajasthan constitutes 23 per cent of the National Capital Region (NCR), second largest urban agglomeration in the world.
· Jaipur, the capital of the state, has been ranked No. 1 in Talent Sourcing and Employee Costs by Hewitt Associates.
· Rajasthan houses 322 industrial areas comprising 4 Agro Food Parks, 3 EPIPs and 2 SEZs. The EPIP in Jaipur is the largest in north India while the IT SEZ in the state capital is the largest in the country.
· 46% of the total DMIC falls in Rajasthan. About 60% of the State's area falls within the project area of influence, including some of the major districts.
· A new Rajasthan Enterprises Single Window Enabling & Clearance Ordinance - 2010 has been enacted ensuring time-bound & single point granting of approvals & clearances to investors.
· World class education and medical facilities for investors
RIICO: A Prospering Little Japan in India.