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INVESTMENT OPPORTUNITIES IN RAJASTHAN |
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Rajasthan is the most preferred destination for investments in major
sectors. Easy availability of raw resources makes it the natural choice for
agro and minerals based industries. There is vest potential for food
processing, solvent extraction and associated industries like cold storage in
Rajasthan. The large stock of cattle is an advantage for leather, wool, dairy
and meat based units. There is no dearth of project ideas for those
interested in capitalizing on the extensive mineral reserves in Rajasthan. Rajasthan also has a flourishing textile industry. There are
opportunities to blend the traditional colourful extravaganza with modern
textiles. Tourism is a thriving and vibrant industry in Rajasthan. The State
attracts one third of the tourists coming into India. The State offers
opportunities of large investments in a variety of areas ranging from hotels,
amusement parks, ropeways, health resorts, transportation and other
innovative tourism projects. The state government is also keen to attract investment in sectors like
automobiles, consumer goods and Information Technology (IT). RIICO has developed over 292 industrial areas all over Rajasthan for attracting
investment in industrial sector and other areas. RIICO has also developed
theme based Parks such as Special Economic Zones (SEZ) at Jaipur, Jodhpur
& Neemrana (being developed); IT Parks at Jaipur, Jodhpur, Kota &
Udaipur; EPIP at Jaipur & Jodhpur; Agro Food Parks at Kota, Jodhpur &
Sriganganagar; Apparel Park at Jaipur; Bio Tech Parks at Jaipur, Jodhpur
& Bhiwadi; Growth Centres and other special Parks also. There is a vast
opportunities of investment in these Parks and also these Parks offers
various lucrative incentives for investment.
The State offers
investment opportunities in all sectors and a few sectors are 1. Information
Technology and IT enabled services. Software and services exports continued to remain on top of
the IT industry’s revenue. The export-driven software sector saw major long
term projects come to Indian ICT leaders and Indian companies bagging a
larger and larger share of the global outsourced business. The software
export sector logged in a revenue of Rs. 47,500 crore during 2002-03, a jump
of around 30 percent. As per projections of NASSCOM, Indian IT / ITES
market will be of $62 Billion by 2009 and $US 148 Billion by 2012. The growth
in IT & ITES market in India will translate to manpower requirement
estimation of 9.72 lacs for IT export services and 27.17 lacs for ITES export
services by 2012. The
State of Rajasthan being close to NCR, offers investment opportunities in IT
sector especially in ITES. To attract investment in IT sector, RIICO has developed
State of Art IT Parks at Jaipur, Kota, Udaipur & Jodhpur. RIICO is also
considering to develop such IT Parks at Bhiwadi (Alwar). The infrastructure
in terms of developed plots, continuous power, High Speed Data Com Facility
through Satellite Earth Station, Roads etc. are being made available to IT
industries in IT Parks. An
investor friendly IT Policy is already in place, provides lucrative
incentives to IT industries (download IT Policy). The following concessions
are being available in IT Parks. i)
Land rebate upto 60%
depending upon type & size of investment ii)
Exemption of Stamp
Duty on registration of land iii)
50% Exemption from
electricity duty for 7 years iv)
Simplified Labour
Laws. (women are allowed to work in night shift, self certification under
various State enactment's etc.) v)
Customised package for
Investment beyond Rs.10 crores. vi)
Venture Capital (on
merit). 2. Bio Technology
(BT) A new generation of biotechnology developed as a
result of intensive work in India has opened up new opportunities for
economic development in the country. The country is also rapidly emerging as a major
market for biotech products. The current consumption of biotechnology
products in India is of the order of Rs. 90 billion which is expected to
increase to Rs. 234 billion by 2010. The healthcare sector would contribute
38% of the market, agriculture 32% and industrial products 30%. The small
scale sector is expected to play a major role in the growth of the biotech
industry. Rajasthan
is very rich in Bio resources. The State provide tremendous bio diversity,
rarely to be found in any other State. Rajasthan is very rich in cattle breed
also. State has highest livestock population and there is good potential in
animal husbandry and genetic engineering.
Thus Rajasthan has great potential to create immense industrial
activity in Biotechnology and modern Biotech products involving recombinant
DNA based products and Bio Informatics. To
attract investment in BT sector, RIICO is considering to develop State of Art
Bio Tech Parks at Jaipur, Jodhpur and Bhiwadi (Alwar). The infrastructure in
terms of developed plots, continuous power, High Speed Data Com Facility,
Roads, common testing facility etc. are being developed in Bio Tech Parks. An
investor friendly Bio Tech Policy is on anvil under which many lucrative
incentives will be provided to Bio Tech investor. The following concessions
are available in Bio Tech Parks. i)
Land rebate upto 60%
to modern Bio Tech depending on the type and size of investment. ii)
Exemption from Stamp
duty for registration of land. iii)
50% Exemption from
electricity duty for 7 years. iv)
Labour laws relaxed
(Women are allowed to work in night shift, self certification under various
State enactment's etc.) v)
Venture Capital (on
merit). 3. Agro Based Industries In coming years, there
would be great potential for Food Technologies. Rajasthan being leading
producers of major crops, offers vast potential for Agro Based Industries. Rajasthan being primarily agragarian economy and
leader in producing Bajra, Barley, Pulses, Coriander, Cummins and host of
Aurvedic herbals/Medicines (like Isabgoal, Asgandh, Guggal, Saina, Henna
etc.), the Government of Rajasthan has given utmost priority and attention
for development of Agro Food Parks. To provide requisite thrust to promote
industrial ventures of this sector, it has already announced following
concession to units located in Agro Food Parks developed by RIICO. 1.
Exemption of Land & Building Tax. 2.
Exemption of Stamp Duty. 3.
Exemption of Electricity Duty for 5 years. 4.
Public Utility Status. 5.
Exemption of Entry Tax on raw materials. 6.
Set off of Sales Tax on Capital Goods. 7.
Set off of Entry Tax on capital goods. 8.
Exemption of Mandi Tax. The following sectors also offers great opportunities
for investment in the State:- ü Power
Sector ü Education
Institutes ü Urban
Infrastructure ü Tourism
Sector ü Handicrafts
ü Gems
& Jewellery ü Automobiles ü Garments
and Textiles ü Road
& Bridges |