Rajasthan govt attracts RE investments over Rs 167,000 cr
POWER & RENEWABLE ENERGY

Rajasthan govt attracts RE investments over Rs 167,000 cr

The Rajasthan government, despite battling the Covid-19 pandemic, has successfully been drawing renewable energy investments worth over Rs 167,000 crore.

The major investments cleared by the Board of Investments (BOI), chaired by Chief Minister Ashok Gehlot, have come in the renewable energy sector (RE), as Rajasthan is the central hub for solar power.

When the pandemic was at its peak within March 2020-21, the state received Rs 12,000 crore worth of investments below the one-stop Shop policy.

The investments are in tourism, transport, food processing, textile, chemical, green energy, cement, and stone value addition areas, and it has come for 15 districts.

The highest investment of Rs 5992.86 crore had been received by Jodhpur in the green energy sector, Rs 3826.16 crore for Bikaner, and followed by Rs 1344.87 crore for the desert district of Jaisalmer in the green energy sector.

Approximately 40,000 brand new jobs will add to the state with these investments.

The private sector also plays a significant role in the economic growth and the job production of the state.

Outside these investments, 90% of jobs the renewable sector will provide, especially in the barren land area of the state. These districts include Jalore, Jaisalmer, and Barmer.

ReNew Power, Greenko, Adani Green Energy, and JSW Solar are also investing about Rs 164,540 crore and will provide employment openings to over 37,000 people in the RE area in the next two years.

Gehlot said that in the last couple of years, the state government implemented many essential policies and programs to boost investment in the state, eliminating the bottlenecks in investment, and the new projects have begun in a time-bound way in the state.

Moreover, he directed the officers that each effort should improve investment in the state. He also said that the formation of tourism policy and distribution of Rs 500 crore had been made for the Tourism Development Fund.

Apart from the RE sector, the BOI also cleared Mewar Polytex in the technical textile sector, Sahasara Semiconductors in the electronics area, ASI Industries in the engineering manufacturing stone, Hema Media Sources in the medical and health, and Kanchan India in textile.

The total investment from these firms is expected to be over Rs 3,200 crore and employment of above 5,600 persons.

For the ease of managing the business, Rajasthan has been steadily innovating the methods, the state has gained a position between the highest states in the country in 2019 with an implementation score of 98.39%.

It has centred on growth in the sectors such as RE, auto and textiles and apparels, components, food processing, pharmaceuticals, petrochemicals, mines and mineral, sand leather and footwear with country leaders' firms of every sector’s investments and presence in the state.

Image Source


Also read: Greenko to set up hybrid energy project in Rajasthan

Also read: ReNew commissions 110 MW solar project in Rajasthan

The Rajasthan government, despite battling the Covid-19 pandemic, has successfully been drawing renewable energy investments worth over Rs 167,000 crore. The major investments cleared by the Board of Investments (BOI), chaired by Chief Minister Ashok Gehlot, have come in the renewable energy sector (RE), as Rajasthan is the central hub for solar power. When the pandemic was at its peak within March 2020-21, the state received Rs 12,000 crore worth of investments below the one-stop Shop policy. The investments are in tourism, transport, food processing, textile, chemical, green energy, cement, and stone value addition areas, and it has come for 15 districts. The highest investment of Rs 5992.86 crore had been received by Jodhpur in the green energy sector, Rs 3826.16 crore for Bikaner, and followed by Rs 1344.87 crore for the desert district of Jaisalmer in the green energy sector. Approximately 40,000 brand new jobs will add to the state with these investments. The private sector also plays a significant role in the economic growth and the job production of the state. Outside these investments, 90% of jobs the renewable sector will provide, especially in the barren land area of the state. These districts include Jalore, Jaisalmer, and Barmer. ReNew Power, Greenko, Adani Green Energy, and JSW Solar are also investing about Rs 164,540 crore and will provide employment openings to over 37,000 people in the RE area in the next two years. Gehlot said that in the last couple of years, the state government implemented many essential policies and programs to boost investment in the state, eliminating the bottlenecks in investment, and the new projects have begun in a time-bound way in the state. Moreover, he directed the officers that each effort should improve investment in the state. He also said that the formation of tourism policy and distribution of Rs 500 crore had been made for the Tourism Development Fund. Apart from the RE sector, the BOI also cleared Mewar Polytex in the technical textile sector, Sahasara Semiconductors in the electronics area, ASI Industries in the engineering manufacturing stone, Hema Media Sources in the medical and health, and Kanchan India in textile. The total investment from these firms is expected to be over Rs 3,200 crore and employment of above 5,600 persons. For the ease of managing the business, Rajasthan has been steadily innovating the methods, the state has gained a position between the highest states in the country in 2019 with an implementation score of 98.39%. It has centred on growth in the sectors such as RE, auto and textiles and apparels, components, food processing, pharmaceuticals, petrochemicals, mines and mineral, sand leather and footwear with country leaders' firms of every sector’s investments and presence in the state. Image Source Also read: Greenko to set up hybrid energy project in Rajasthan Also read: ReNew commissions 110 MW solar project in Rajasthan

Next Story
Infrastructure Urban

Trump-Backed $100 Billion Stargate to Use Solar Power for AI Infra

A $100 billion joint venture, endorsed by former President Donald Trump, is set to advance artificial intelligence in the U.S. and will rely partly on renewable energy sources such as solar power and batteries, favored by his climate-focused predecessor.The Stargate venture, announced on January 23, 2025, involves SoftBank Group Corp., OpenAI, and Oracle Corp. These companies will invest $100 billion to establish infrastructure in the U.S., including data centres for OpenAI. Although executives highlighted a potential $500 billion expansion, they did not specify energy sources for the project...

Next Story
Building Material

JK Cement Acquires Majority Stake in Saifco Cement to Expand in J&K

JK Cement has made a significant move in its growth strategy by acquiring a 60% equity stake in Saifco Cement, a cement manufacturer based in Srinagar, Jammu and Kashmir. The acquisition, valued at approximately Rs 1.74 billion, was approved during a board meeting on January 25, 2025.Located in Khunmoh, Srinagar, Saifco's integrated manufacturing unit, which includes both clinker and grinding capacities, aligns with JK Cement's expansion plans. Saifco has an annual turnover of around Rs 860 million, and this acquisition not only strengthens JK Cement's presence in the region but also offers a ..

Next Story
Infrastructure Transport

Etihad Unveils Train Connecting Dubai and Abu Dhabi in 30 Minutes

Etihad Rail has announced the launch of a new high-speed passenger train service between Dubai and Abu Dhabi, set to reduce travel time to just 30 minutes. The trains will travel at speeds of up to 350 km/h, significantly improving connectivity between the two emirates.The announcement was made during an official ceremony at Al Faya Depot, with officials from the Dubai Media Office (DMO) and Abu Dhabi Media Office (ADMO) sharing the news on social media platform X.The high-speed rail route will pass through major destinations and tourist attractions, providing a fast, efficient travel experien..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000