Introduction
The State of Rajasthan is situated between located in the northwestern part of the Indian subcontinent. It is bounded to the states of Punjab and Haryana in the north, Uttar Pradesh to the east and Gujarat to the south.
The word Rajasthan comes from the Abode of the Kings and it is considered to be the land of the Rajputs (son’s of the kings). Rajasthan accounts for 5.85% of the Indian population comprising of 82.19 million people, being the 6th most populate state. The size of the population of Rajasthan is equivalent to that of Germany. The physical division of Rajasthan comprises of the western sandy plains and the hilly regions. Marwari and Hindi are the most widely spoken language in Rajasthan. As Rajasthan mainly comprises of dry lands, deserts with a few lakes and hilly areas, the famous Jaisalmer desert is a must visit attraction for tourist, along with the forts like the Hawa Mahal in Jaipur and Umaid Bhawan Palace in Jodhpur.
The economy of Rajasthan is the 7th largest economy with an expected GDP of USD 219 billion for the 2024-25 which is equivalent to the GDP of a small nation in Europe like Hungry and it expected contribution to the country’s economy is more than 8.7 % to India’s GDP.
Rajasthan is a thriving state with a focus on renewable energy, mineral production and agriculture. Rajasthan is also one of the leading states in agriculture produce and being one of the top producers of oilseeds, rapeseed, and mustard. In terms of Industrial growth Rajasthan experienced growth at the rate of 6.9% per annum in the Industrial sector. Some of the most important sectors contributing to the development of Rajasthan are mines and mineral whereby Rajasthan is known to have 20 mineral parks/zones for granite, sandstone, marble, and ferrous minerals and is the only Indian state producing zinc, lead, selenite, and wollastonite, and is the largest producer of marble in the country. The state is also a leading producer of silver, copper, phosphorite, and gypsum. Rajasthan is also has a large petrochemical industry. Notable companies such as Hindustan Petroleum Corporation (HPCL) Rajasthan Refinery Ltd are present there.
Some of the most prominent industrial cities leading the State’s GDP are Kota, Jaipur, Udaipur, Bhilwara. The Rajasthan State Industrial Development and Investment Corporation (RIICO) has developed over 400 industrial areas in the state, covering around 85,390 acres of land. These areas are home to around 42,300 industries.
The FDI Equity inflow for Rajasthan was recorded at USD 764.40 Million for the year 2022-23. Agriculture contributes significantly to the GDP of Rajasthan, amounting to around 25% of the total GDP. Thus contributing significantly to opportunities in agriculture and agriculture-related infrastructure for investment. Rajasthan is the highest solar producing state with solar potential of 142 GW and wind potential of 18.7 GW. Rajasthan is the second largest mineral-producing state and the sole producer of zinc and lead in India.
Rajasthan has a single window clearance wherein certain eligible Manufacturing Enterprises as notified under the Rajasthan Investment Promotion Scheme 2019 (a State Flag ship Scheme) that provides with certain benefits such as Investment Subsidy of 75% of State tax due and deposited, for seven years, exemption in electricity dues, land taxes, mandi fees etc. You may look for more information at https://swcs.rajasthan.gov.in/Incentives.aspx
In fact, Rajasthan provides access to about 40 percent of India’s market and is part of key infrastructure linkages between the north and western parts – connecting the hinterland states to the western coastline. Rajasthan also includes territories that form over 25 percent of the National Capital Region (NCR). In terms of logistics, Rajasthan has the third largest highway network, second largest rail network, nine inland container depots (ICDs), seven airports offering international and domestic flights, and one air cargo complex.
Some of the prominent manufacturing companies in Rajasthan are Aggarwal Biotech Pvt Ltd. Nescco India, Nbc Bearings, Ajit Solar Pvt Ltd, Motisons Group etc.
Out of 41 industrial parks rated as best performing parks, 17 parks (41%) are from Rajasthan. Mahindra World City (MWCJ), which is the largest special economic zone (SEZ) in north India, is set up at Jaipur.
More than 80 global and domestic companies, including companies like JCB, Perto, Ball Corporation, Mahindra & Mahindra, Infosys, Metlife, Deutsche Bank, ICICI Bank, Genpact, Infosys, Nucleus Software, Gravita India, Wipro, Yasen Lighting, Fackelmann, KnitPro International, Ratan Textiles and Bharatiya Skill Development University, etc. are set up at this SEZ.
The Rajasthan State Industrial Development and Investment Corporation (RIICO) has intended to build roughly 13 new industrial parks along the Mehsana- Bathinda gas pipeline route. Furnace-based companies, which need affordable fuel for manufacturing, will be concentrated in these areas. The furnaces, ovens, boilers, turbines, and heaters will all be fueled by the gas pipeline.
Six industrial developments are envisaged within a 5-kilometre radius of the gas pipeline at Udwariya, Pipela Rohida (Abu Road), Bevanja Extension (Ajmer), Renwal (Jaipur North), Bichon (Jaipur Rural), and Malsisar (Jhunjhunu).
Due to its central location, Rajasthan helps in providing a bridge between the west and the north, Dedicated Freight Corridor (DFC) is 1,483 kms long rail corridor connecting Jawaharlal Nehru Port, Mumbai to Dadri, New Delhi. DFC shall allow high-speed connectivity for high axle load wagons (25 Tonnes) of double-stacked container trains supported by high-power locomotives. The nearest ports to select for product export from Rajasthan are Kandla, Mundra, and Pipavav in Gujarat.
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