Rajasthan to offer big-bang investment opportunities in Petrochemicals and Fintech sectors at EXPO2020 India Pavilion

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DUBAI, 11 November 2021: Rajasthan is geared
up to offer big-bang investment opportunities to the global investors during
the State’s week (November 12-18) at EXPO2020 India Pavilion in Dubai. 

The sectors in which the state is
looking at major investments include chemicals & petrochemicals, fintech,
automobile & electric vehicles, renewable energy, infrastructure, mining,
tourism,  MSMEs, etc. A number of MoUs
are slated to be signed during the course of Rajasthan week at the India
Pavilion.

A high-level delegation from
Rajasthan government will be in Dubai to meet the investors during the week and
pitch for the investments. The programme would also
feature diaspora connect programmes and tourism prowess of Rajasthan. The
delegation will include Shri Shanti Kumar Dhariwal, Minister for Urban Development
& Housing; Shri Parsadi Lal Meena, Minister for Industry; Shri Arjun Singh
Bamaniya, Minister of State for Industry; Mr Ashutosh A T Pednekar, Secretary –
Industries, Government of Rajasthan; Ms Rukmani Riar,
Executive Director, RIICO; Mr Dhiraj Srivastava, Commissioner – Rajasthan
Foundation, etc.

The Rajasthan Week will kick start
with the inauguration of the state’s pavilion in the India pavilion on Saturday
followed by an inaugural session which will be addressed by the Rajasthan
government ministers and other top officials. The delegation will have
focussed interactions and G2B meetings with a number of companies in Dubai for
attracting investments in the state.

Among the specific projects in which
the State is looking for investments, is Petroleum, Chemicals and
Petrochemicals Investment Region (PCPIR). HPCL Rajasthan Refinery Limited
(HRRL), a subsidiary of HPCL is developing this project, which is one of the
largest refineries of the country in Barmer, Rajasthan. Rajasthan State
Industrial Development and Investment Corporation (RIICO) is developing PCPIR
near the refinery to catalyze the investment for the downstream products of the
refinery. With a capacity of 9 MMTPA, the Refinery has the potential to
generate Rs 15,000 crore investment. 

The other mega
project of Rajasthan is FinTech Park at Jaipur. RIICO is pitching Jaipur as
destination par-excellence for corporates and start-ups of the financial and
Information Technology world by developing a world-class FinTech Park spread
over 100 Acres. The State is also planning to
develop a textile park at Jodhpur. Considering the current potential and
existing ecosystem of textile and apparel sector in the State, RIICO has
proposed to develop a dedicated textile park in the city, which is well
connected by road, rail, and air. Investments would also be in the
offer for Khushkera Bhiwadi Neemrana Investment Region (KBNIR) along the Delhi
Mumbai Industrial Corridor (DMIC), Marwar Industrial Cluster and MEDtech
Medical Devices Park. RIICO is developing the Medtech
Medical Devices Park at Jodhpur with a proposed area of approximately 230
Acres. The park will have a dedicated common facilitation centre (CFC) equipped
with high quality laboratory and research and development facility.