Rajasthan invites investment from UK companies

JAIPUR: After Japanese companies, UK based companies may also take up Rajasthan as an investment destination. UK Trade & Investment, India,(UKTI) Northern Region deputy head Ms Jane Sanders has evinced interest in parking investment in the state.

���We have discussed the prospective investment areas with Rajasthan State Industrial Development and Investment Corporation (RIICO). We will further explore the possibilities after discussing with interested UK based
companies,��� she said.

UKTI is a government organization that help UK based companies succeed in the global economy and also assists overseas companies to bring their high quality investment to the United Kingdom.

RIICO chairman Sunil Arora said that the corporation would facilitate a cluster or sectoral approach for setting up a group of industries. ���SEZs in Rajasthan can be a viable opportunity for investment by the UK companies.

Besides, there is a huge potential for UK companies in auto sector, higher education, health care and engineering. The proposed 1483-Km long Delhi-Mumbai Industrial Corridor (DMIC) can well be a driving factor for foreign investment as 40% of the corridor passes through the state,��� he said.

This is not for the first time that an international trade body has shown interest in Rajasthan. Japanese External Trade Organization (Jetro) has already tied up with RIICO for roping in Japanese investment in the state.

RIICO has reserved around 588 acres saleable land in Neemrana for Japanese companies out of which 264 acres have already been sold. Around 20 leading Japanese companies including Ahresty Corporation, Mitsui Chemicals and Nissin Corporation have set up their shops while five more companies are likely to invest in next couple of years.