Rajasthan Cabinet approves 7 investment proposals worth Rs 3,981 crore

JAIPUR: The Rajasthan Cabinet today approved seven investment proposals worth Rs 3,981 crore ahead of the investors meet ' Resurgent Rajasthan' proposed to be held in November.

"Companies have shown interest in making investment in the state and ahead of the Resurgent Rajasthan, and Cabinet in its meeting today approved seven proposals, which would bring investments worth Rs 3,981 crore," Parliamentary Affairs Minister Rajendra Rathore told reporters here today.

The companies interested in investing money will be given customised packages under Rajasthan Investment Promotion Scheme - 2014 to set up their facilities in the state, he added.

The Minister informed that companies manufacturing mobile phones and electronic items, ATM, cotton yarn, steel, among others will set up their plants at different locations after getting customised packages.

The packages included relaxation in entry tax on capital goods, VAT and CST, employment subsidy, stamp duty and on some other taxes.

"Those seven proposals would generate employment for approximately 17,000 people, he said.

The Cabinet also reviewed the progress in revenue campaign 'Nyay Apke Dwar' and expressed satisfaction over its progress, he added.