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Special Economic Zone (SEZ) in Rajasthan – Offers Infrastructure and Business Environment to Promote Exports

Feb 4

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Special economic zone or more commonly known as SEZ, is a particular area which acts as foreign territory for tariff and trade operations. In these zones Govt. provides tax exemption i.e excise, customs, sales and provide subsidisidies on water and electricity bills to companies.

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Objectives of Special Economic Zone

The prime objective of the Government is to develop specially delineated economic zones  to provide enabling infrastructure and a hassle free environment to promote exports from the State.  Special emphasis is  laid on development of product specific Special Economic Zones to harness inherent potential of the State in the fields of Gems & Jewellery, Handicrafts, Woolen Carpets etc.

Rajasthan’s location and proximity to the Delhi makes it an ideal location for export-oriented industrial development on a large scale. 40% of the proposed Delhi-Mumbai freight corridor will pass through Rajasthan throwing up enormous possibilities for development of industrial belts such as special economic zones along the corridor.

New Concessions for SEZ in Rajasthan

Recently Rajasthan Chief Minister Mr Ashok Gehlot  added new points in SEZ Act that says : The industrial units established in the SEZ would get exemption from electricity duty for ten years instead of the previous seven years, while the hotels and entertainment units on the SEZ premises would be exempted totally from payment of luxury tax and get 50 per cent concession on entertainment tax for seven years.

SEZs in Rajasthan

Five SEZs with an expected investment of Rs.165.15 billion have already received formal approval and start working progressively. These are:

* Mahindra World City (Jaipur) Ltd., Jaipur

Following the success of Mahindra World City, Chennai, the second Mahindra World City was established in Jaipur. Inaugurated in December 2006, Mahindra World City, Jaipur is spread over an area of 3,000 acres.

Some of the other SEZ’s in Rajasthan are:

* Somani Worsted Ltd., Khushkeda, Bhiwadi, Alwar
* Genpact Infrastructure (Jaipur) Pvt. Ltd., Jaipur
* Vatika Jaipur SEZ Developers Ltd., Jaipur
* Mansarovar Industrial Development Corporation, Jodhpur

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Alternative Sources for Power Generation in Rajasthan – Wind and Biomass Energy

Jan 23

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Power is one of the critical inputs for economic development and growth.  It’s consumption depicts industrial, agricultural and commercial growth of any state.

Rajasthan state is well capable in generation of  power or Energy.

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Power Generation in Rajasthan

According to IBEF, the total installed capacity in Rajasthan is 7,019.6 MW. Besides this, Rajasthan is also capable of 1,300 MW of captive generation.

The state plans to cross 12,000 MW capacity by 2012. Three new power units have recently been commissioned (a 125 MW lignite-based thermal power plant and two units of 110 MW gas-based thermal power plants).

Rajasthan state has wonderful gifts of nature that can help the state generate power from  alternative sources of energy including wind, solar and biomass energy.

Wind Energy Sources in Rajasthan

Rajasthan is amongst the leading states in the country in tapping wind energy for power generation. Six sites have been identified through a Wind Resource Assessment Programme in Chittorgarh, Sikar, Jaisalmer, Barmer and Jodhpur districts.

Biomass Energy in Rajasthan

Rajasthan has immense potential in form of Juli-flora (Vilayati Babool), Mustard husk, Rice husk and other agriculture residues for the biomass fuel. Biomass-based Power Projects totaling to 113 MW have already been registered with RREC.

Major Existing Players

  • Raj West Power Limited

They are  setting up a 1,080 MW (eight units of 135 MW each) lignite-based pit head power plant in Barmer district. The estimated cost of the project is    US$ 1.09 billion.

Other major players in the sector are:

  • NEPC India
  • Vestas RRB India
  • Suzlon
  • JN Investment & Trading
  • Enercon India

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Mining in Rajasthan – Another Prominent Business Sector which Attracts Investor

Jan 22

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Mining sector in Rajasthan is another prominent sector next to Agriculture. There are about Around 79 varieties of minerals are available in the state and 58 minerals are produced on a commercial scale.

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Mineral Potentiality in Rajasthan

The State is geologically so endowed that it become a veritable repository of minerals. It is the sole producer of garnet (gem variety), jasper and wollastonite. Almost entire production of zinc (concentrate), calcite, asbestos and gypsum in the country was reported from Rajasthan.

Besides, Rajasthan is the leading producer of ball clay (40%), feldspar (70%), fluorite, Kaolin, lead concentrate (80%), ochre (72%), phosphorite (79%), silver (54%), barytes (53%), quartzite (33%) and silica sand (21%).

Mining Sources in Rajasthan

Rajasthan has largest potential belt for base metals and noble metals in the country, which extends over a length of about 650 km with 60-90 km width and extending from Alwar in north to Banswara and Dungarpur in South passing through Jhunjhunu, Jaipur, Ajmer, Bhilwara, Rajsamand, and Udaipur districts.

Major Investor of Mining Industry

Hindustan Zinc Limited

HZL is a part of the Vedanta Resources Group and has various mines in Rajasthan. It includes

  • Rampura Agucha mine is the world’s largest zinc mine
  • Sindesar Kund mine has a reserves base of over 56 million tonnes.
  • Rajpura Daribamine.

Hindustan Copper Limited

Hindustan Copper Limited (HCL) is a public sector undertaking under the administrative control of the Ministry of Mines. HCL’s mines and plants are spread across four operating units, and one of the units is the Khetri Copper Complex (KCC) at Khetrinagar in Rajasthan.

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Factors That Makes Rajasthan A Perfect State for Investment

Jan 19

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Rajasthan state offers a set of unique advantages and opportunities for profitable investment in many sectors. Some of them includes :

Sound Infrastructure

Rajasthan’s development is well depicted by sound infrastructure for significant and sustained growth. Some of them include transportation, communication and industrial infrastructure.

Strong Institutional Network

Over the last few years, Rajasthan has effectively invested in capacity building through development of a strong institutional network at all levels.

Currently Rajasthan has 15+ public universities, 10+ deemed universities and various mangement and engineering colleges that are developing well-qualified professionals.

Location

Rajasthan is the corridor between the wealthy northern and the prosperous western states of India which enables it to provide quick and low-cost access to the largest consumer markets in the country. It is also toches 6 major states of India Haryana, Uttar Pradesh, Punjab, Madhya Pradesh, Gujarat and Delhi.

Resources

Rajasthan offers a big basket of unexploited resources in terms of agricultural and mineral. Rajasthan is also one of the largest mineral producing states in India offering a variety of minerals including ferrous and non-ferrous which can be used in ceramic, fertilizer and construction industries.

Tourist Attractions

Rajasthan’s forts, palaces, Thar Desert, bird sanctuaries and national parks, fascinating handicrafts and colourful culture is the most comprehensive and unique basket of offerings for any tourist.

Governance

Given the effective law enforcement and peace-loving people of Rajasthan, industrial units in the State share a remarkably healthy industrial relation environment, with negligible incidents of labour unrest. The overall law and order situation in the State is very good; cities are safe and working environment, amicable.

Best Planned Cities

Rajasthan has some of the best planned cities in the country. These cities have excellent educational institutions, shopping malls, multiplexes, clubs, restaurants, art galleries, luxury hotels making them ideal places to live in.

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Planning to Do Business in Rajasthan – Detailed Overview on Industrial Scenario

Jan 18

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Rajasthan is located in Northwestern India and has boundaries with the States of Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, and Gujarat as well as a long international boundary with Pakistan.

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Most Lucrative Investment Destination

Rajasthan, with its heritage, culture and art has mesmerized the world for centuries. But in recent times, Rajasthan has rapidly emerged as one of the most lucrative investment destinations in India.

Advantages of Doing Business in Rajasthan

Wide-ranging economic reforms, availability of low cost labour, access to cheap and a variety of raw material  and intermediate products, a large domestic market, a mature financial sector and political stability are some  of the factors which have increased investment flows.

This business environment is powered by an enterprise-friendly government, good  infrastructure and a young & highly skilled workforce which attracts lots of business players.

Economy of Rajasthan

According to Indian Brand Equity Foundation (IBEF) Rajasthan is the second largest mineral producing state in  India.  The state’s gross domestic product (GDP) grew at an impressive compound annual growth rate (CAGR) of 14.1  per cent between 2002-03 and 2008-09 to reach US$ 41.74 billion.  Rajasthan’s economy is primarily agricultural and pastoral with one-third of Rastaban’s GDP .

Various Industry Sectors in Rajasthan

# Agriculture
# Cement
# Energy
# Gems and Jewellery
# Handicrafts
# Mining
# Stone
# Textile
# Tourism

In upcoming days we will be writing about various industry sectors of rajasthan, business oppounities, where to invest, recent business growth, key business in rajasthan and lot of other related aspects.  Stay tuned to learn more.

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Rajasthan Government To Announce a New Industrial Policy Focusing on SME’s

Jun 22

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The Rajasthan Government will shortly announce a new industrial policy to resolve various difficulties of industrialists, small and medium industrial units and entrepreneurs. The policy will lay emphasis on bringing security to investors in the years to come.

This new policy will help to various memorandums of understanding signed by the new government headed by Chief Minister Ashok Gehlot and promote industrial development of Rajasthan.

Industry minister Jitendra Singh is holding divisional-level meetings with local entrepreneurs in Udaipur on last saturdeay. The meeting will be followed by others on June 23, June 30, July 11, July 18, July 25 and August 3 at Bikaner, Jodhpur, Ajmer, Kota, Bharatpur and Jaipur respectively.

A Insight View on Rajasthan Economy

Rajasthan has been in the forefront of Economic Reforms. It was the first State in the country to adopt the International Competitive bidding route for setting up power projects and State Road Policy, facilitating the entry of private enterprise in the Roads sector.

The state’s economy largely depends on agriculture, industries, natural resources and tourism. Rajasthan has large deposits of zinc and copper and these are being exploited for the development of industries dependent on these metals.

Also deposits of gypsum, lignite and mica are found in various parts of the state. It has a large production of cotton and the textile industries have been coming up in several places in Rajasthan.

Other private sector industries of the state include cement, ball bearings, sugar, caustic soda and other chemicals.

Rajasthan is a state where 80% of the people depend on agriculture. The rural economy of Rajasthan largely depends on farming. The major crops grown in the state include bajra, juar, wheat and barley.

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