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Investment auction to be started at Jaipur to attract investment for Rajasthan- which will be hosted by ASSOCHAM

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As a part of attracting investors for Rajasthan the Associated Chambers of Commerce and Industry of India (ASSOCHAM) is aiming host a pooling mart in Jaipur during next February. Rajasthan will be the main target during the next five years is planning to mobilize around 5 crores in the coming three years. The state has a large prospective of unused resources and wants to mobilize funds in different sectors food processing, dairying, organic farming, cultivation of herbal plants, education, creation of supporting infrastructure and also manufacturing. The inflow of funds may create for 10 Lakh jobs in the state.
A similar programme was conducted by the state government including FICCI in 2008 under which a pact was entered into for mobilization of Rs1, 62,606 crores but failed as it could mobilize only 30% of the invested funds. A report from ASSOCHAM states at the www.propertykhazana.com that the state has given its consent to 437 investment projects for mobilizing Rs1, 96,601 crores by 2009 March in which realty, manufacturing and electricity heads the list.
The state government earned a total of Rs.58144 crores was raised from the manufacturing sector, and Rs. 171784 crore from mining Rs. 51443 from electricity and Rs. 22065 crores from services Rs. 13214 from irrigation and Rs. 46,445 fro realty segment.
A study states that, farming and their group segment comprising of processing of food were the most untouched areas because they donate only 30% to the gross produce of the government. Services sector donate 43.5% whereas the aid of industrial sector is only 27.2%. The Association is joining hands with the state government to encourage tourism during the forthcoming Commonwealth games.
A special tourism team will be formed where former Princess of Jaipur Diya Kumari may head the sponsorship and sale of marketing products. A proposal is also made for setting up of a team where the Chief Minister of Rajasthan will hold talks for public-private tourism segment, added the source to www.propertykhazana.com.
Source: NBTVLIVE

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