Senior officials of over 50 central public sector enterprises, including Hindustan Petroleum, Bharat Electronics, Containter Corporation of India, NTPC, SAIL, IREDA, PGCIL, Indian Oil, NTPC, Solar Energy Corporation of India Ltd., ITDC, FCI, NPCIL, National institute for Micro, Small and Medium Enterprises (NI-MSME), IRCTC attend ‘Rising Rajasthan’ CPSEs conclave in Delhi
Janjivan Bureau / New Delhi : A day after leading an investors’ meet in New Delhi, Rajasthan Chief Minister Shri Bhajan Lal Sharma hosted senior officials of Central government-owned Public Sector Enterprises (CPSEs) and exhorted them to explore new business opportunities in the state. The CM-led delegation of Government of Rajasthan showcased the emerging business scenario and investment opportunities in the state and apprised the senior officials of over 50 central public sector enterprises about the key business-friendly changes being implemented by the state government.
The participants include officials from Hindustan Petroleum, Bharat Electronics, Container Corporation of India, NTPC, SAIL, IREDA, PGCIL, Indian Oil, Solar Energy Corporation of India, India Tourism Development Corporation (ITDC), Fertilizer Corporation of India (FCI), Nuclear Power Corporation of India Limited (NPCIL), National institute for Micro, Small and Medium Enterprises (NI-MSME), IRCTC, Agriculture Skill Council of India (ASCI), Automotive Skills Development Council, Defence Research and Development Orgnisation (DRDO), FICSI (Sector Skill Council for Food Processing Industries), Management & Entrepreneurship and Professional Skills Council (MEPSC) etc.
Congratulating the Rajasthan government for the upcoming global investment summit,
Shri Rajneesh Narang, Chairman & Managing Director of HPCL, said that his company is one of the beneficiaries of the pro-business reforms being taken by the state and the Barmer refinery being developed by HPCL is an example of that. _“The government went out of its way in providing us critical and prompt support at every stage. We were allotted the land promptly, not only for the current needs of the refinery, but also for its future expansion,”_ Shri Narang said on this occasion.
Shri Manoj Jain, Chairman and Managing Director, Bharat Electronics Limited (BEL), spoke about the emerging opportunities in defense manufacturing in the state. He said, _“Rajasthan is emerging as a huge industrial base for defense manufacturing in the country. Our company has plans to develop a center of excellence for Artificial Intelligence (AI) and Software development in Rajasthan. The center is going to be the answer to the customized needs of various industries based out of Rajasthan ranging from defense to electronics.”_
Shri Sanjay Swarup, Chairman and Managing Director, CONCOR spoke about the need to expand sustainable and environment friendly modes of transport such as LNG and appreciated the role played by the Government of Rajasthan in promoting ease of doing business in the logistics and transport sector. _“The LNG mobility is severely constrained in northern parts of the country due to unavailability of LNG allied infrastructure. With the arrival of the LNG project in Rajasthan, this challenge will be effectively addressed,”_ he added.
Thanking the officials of the CPSEs for participating in the conclave, Chief Minister Shri Bhajan Lal Sharma highlighted the key fiscal incentives and steps initiated for the ease of doing business. _“Rajasthan has immense potential across sectors such as renewable energy, defense manufacturing, petrochemicals, and tourism. With abundant land, significant renewable energy potential, mineral reserves, and a skilled workforce, we can ensure shared prosperity for both the state and the CPSEs. Together, we will become strong pillars in realizing the goal of ‘Viksit Bharat’ and ‘Viksit Rajasthan’,”_ Chief Minister Shri Sharma said while addressing the gathering.
Addressing the officials of CPSEs, Industry and Commerce Minister Col. Rajyavardhan Rathore said, _“The leaders of the CPSEs participating in the conclave today are instrumental in giving a big push to the state government’s goal of doubling the size of Rajasthan’s economy from USD 180 billion to USD 350 billion in next 5 years. The government aims to create new employment opportunities for the industrious and talented youth of the state and is looking at the CPSEs with great hope in this endeavor.”_
Chief Secretary Shri Sudhansh Pant, in his remarks at the conclave, said, _“The role played by the CPSEs in the growth of the nation is remarkable. Personally, we have a unique sense of affection and appreciation for the CPSEs working in the state, for their immense contribution towards the prosperity and growth of the state. ‘Rising Rajasthan’ Global Investment Summit 2024 lays equal emphasis on attracting investment from the private sector and government-run vibrant Public Sector Enterprises (PSEs).”_
Principal Secretary (Industries) Shri Ajitabh Sharma made a presentation on the vast opportunities available in Rajasthan and encouraged the officials of the CPSEs to explore the strategic advantage the state has due to its proximity to Delhi.
Hon’ble Chief Minister-led delegation later today will host the ambassadors of different countries and request their cooperation and support to facilitate investment into the state. Ambassadors and diplomats of Philippines, Denmark, Singapore, Mexico, Oman, Morocco, Kenya, Italy, South Korea, Australia, the UAE, Indonesia, Malaysia, Turkey, Spain, Switzerland, Brazil, Qatar, South Africa are expected to attend the roundtable.
At the investor roadshow held yesterday in Delhi, the CM-led delegation had signed investment MoUs worth INR 8 lakh crore, taking the cumulative investment amount of signed MoUs to 12.5 lakh crore under the ‘Rising Rajasthan’ Global Investment Summit 2024. This reflects the resounding faith of investor and business community in Government of Rajasthan’s efforts in transforming the state into a ‘Viksit Rajasthan by 2047.
During the event, MoUs were signed with several private and public sector companies. This includes that of several leading CPSEs like Indian Oil, NTPC Green Energy Limited, NHPC, THDC India, Oil India, Indraprastha Gas etc. The investor meet that saw the congregation of top business leaders and industry groups, witnessed the signing of investment MoUs across a range of sectors such as Renewable Energy, Power Transmissions, Oil and Gas, CNG, Logistics, Cement, Agrotech among others.
Besides that, the Chief Minister-led delegation had also held one-on-one meetings with senior officials of several companies. This includes meeting officials of Microsoft, Tata Power, DCM Shriram, Avaada Group, Escorts Kubota, Titagarh Rail Systems, Dalmia Cements Bharat, Shree Cement, Samtel Avionics, Jackson Group among others.
*About the ‘Rising Rajasthan’ Global Investment Summit 2024:*
The Government of Rajasthan, led by Hon’ble Chief Minister Shri Bhajan Lal Sharma, will be hosting the ‘Rising Rajasthan’ Global Investment Summit 2024 on 9th, 10th, and 11th December 2024 in the capital, Jaipur. The 3-day mega summit, which aims to attract and facilitate global investment, innovation, and partnerships in the state, is organized with the support of the Industry and Commerce Department, Bureau of Investment Promotion (BIP), and RIICO, with BIP serving as the nodal department for this summit. During the summit, special plenary sessions will be organised on different focus sectors, including Agriculture, Renewable, Education and Skilling, Auto and EV, Infrastructure, Chemical and Petro-chemical, Tourism, Startups, Mining and ESDM/IT and ITeS and others.
The New Delhi leg of the investor roadshow is being organized in association with Confederation of Indian Industry (CII), which is the summit industry partner of the ‘Rising Rajasthan’ Global Investment Summit 2024. PwC India is the knowledge partner of the summit.
