Rajasthan Government Received Proposals for Investment worth 615 Crores

Rajasthan's Industries Minister Parasadi Lal Meena said that more enthusiasm has been seen in the service sector than manufacturing in the state.
Rajasthan Government Received Proposals for Investment worth 615 Crores

In Rajasthan, the youth have shown a great interest in those who have applied to set up industries on the Rajudyogmitra portal. In six months, the government has received investment proposals worth Rs 615 crore, in which about ten thousand people will get employment. The mandate for establishment of MSME industries in Rajasthan for three years has been waved away on June 12, 2019 by amending the law and the Rajudyogmitra online portal was launched. In the last six months, 2510 people have applied for this and got permission to set up the industry in less than two seconds and there have been proposals for investment of about 615 crores in MSME sector and employment opportunities to more than 10,000 youth.

Rajasthan's Industries Minister Parasadi Lal Meena said that more enthusiasm has been seen in the service sector than manufacturing in the state. The department has conducted a survey among those seeking approval from the portal. The results of the survey are encouraging. He said that one thousand applicants received in two stages and one thousand applicants after that were contacted. The most encouraging result was that 44 percent of the applicants are setting up an industry for the first time. At the same time, 12 percent of the applicants have said to start work in six months and 12 percent have started the work of the project. 36.35 percent have shown interest in the manufacturing sector, while 63.65 percent have shown enthusiasm in the service sector.

He said that with the MSME sector being the backbone of economic development, the maximum employment after agriculture is available from this sector. Third party survey of this initiative of the state government is also being conducted by independent organization CII. He told that till the survey period, 362 Jaipur, 196 Alwar and 163 Jodhpur are the most among the entrepreneurs who have received approval by applying on the Rajyudhyogmitra portal. He said that more enthusiasm in setting up MSME ventures among the new generation of youth can be seen by survey.

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