The solar sector attracted the maximum number of investors during the two-day Resurgent Rajasthan Partnership Summit, which concluded in Jaipur on Friday.
“A total of 295 memorandums of understanding (MoUs) worth Rs 3.22 lakh crore were inked, with maximum MoUs signed in the solar sector,” said industry minister Gajendra Singh Khinvsar, while addressing reporters after the summit. He expressed hope that Rajasthan would “emerge as a solar hub soon”.
Rajasthan is among the solar hotspots in the country that receive enough sunlight throughout the year to merit large commercial solar plants.
The solar sector was followed by mines and petroleum, urban development and housing, industry, medical health, education and tourism in wooing investors.
The minister said that the MoUs related to 10-11 ministries were signed. “At least 50% of the MoUs are expected to materialise and generate 2.39 lakh jobs in the state,” he added.
Khinvsar said chief minister Vasundhara Raje had started the Resurgent Rajasthan campaign in 2007, but it lost its steam as the government changed. “Then MoUs with proposed investment of Rs 1.62 lakh crore were signed, but projects worth only Rs 54,000 crore materialised on the ground. Now, once again our chief minister has revived the project and a lot of hard work is put into it,” he added.
On what went wrong in 2007, Khinvsar said, “We signed MoUs with whoever came then, but this time we have fully scrutinised the companies and their records. We believe that of the total MoUs, minimum 50% will materialise on the ground, which is good, as in Gujarat it was just 40%,” he added.
Khinvsar said, “There is a cut throat competition among states now and there are instances when other state approached our investors luring them with offers. Now, challenge ahead of us is to ensure ease of business and single window for investors.” When asked had the absence of Prime Minister Narendra Modi affected the participation of industrialists, the minister said, “If Modi had come, the number would have been higher.”