Finance, Corporate Affairs and Information & Broadcasting Minister Shri Arun Jaitley Inaugurates Resurgent Rajasthan Partnership Summit 2015 in Jaipur

Union Finance, Corporate Affairs and Information & Broadcasting Minister Shri Arun Jaitley has said that India has been following a policy of attracting investment by easening the processes and the States should follow the same policy, thereby cutting down the time period during investment process. Investors have a choice in selecting the place and different states are competing with each other. Inaugurating the Resurgent Rajasthan Partnership Summit held in Jaipur on 19th November 2015,Shri Jaitley said that Rajasthan should become a pioneer in terms of ease of business.

Due to aspirational constituency supporting growth , reforms and change increasing, Shri Jaitley said that amount of public support has also gone up. Governments have to easen, make sure that governance is corruption free and to make sure that our taxes are justified and also to make sure that all facilities like land etc. are made available in a non-discretionary manner.

Speaking on Rajasthan Shri Arun Jaitley said that Rajasthan is a land of history and its cities and villages literally symbolize history. It is the ability of the people of Rajasthan to go to all over the country and the world and multiply money and make their roots proud. He urged the states to adopt such a model of growth wherein there is more investment from the private sector. Rajasthan has found its core areas –solar power, wind energy, tourism among others which will help Rajasthan grow.

Speaking on the occasion Shri M. Venkaiah Naidu, Union Minister of Urban Development, Housing and Urban Poverty extended all support from the Union Government to the State of Rajasthan. He said that under the principle of Cooperative Competitive Federalism, the states have to grow and prosper together. Industries are equal partners in the development of the country. Shri Naidu said that his Ministry has taken several initiatives under Urban Renewal Programme such as Swaccha Bharat, Smart Cities, AMRUT and UDAI. Out of the 100 cities selected under Smart Cities, 4 are from Rajasthan. Applauding the efforts of Government of Rajasthan, he said that Rajasthan is the first state to sign MOU for promoting housing project.

Shri Ananth Kumar, Union Chemicals & Fertilizers Minister announced the setting up of National Institute of Pharma Education and Research in Jhalawar in Rajasthan with an investment of ₹ 500 Crores. This institute would be of International standards, he said. He also announced expansion of the Central Institute of Plastics Engineering &Technology in Jaipur with and additional investment of ₹ 100 Crores for running Masters and B.Tech Engineering Courses in the field of Plastic Engineering. He also informed about the allocation of 12 lakh metric tonnes of Urea this year for the State of Rajasthan. In addition to the above announcements, he said that if the state government provides land of 100 acres, his Ministry is willing to have a Plastic Park in Bhiwadi and a Medical Devices Park in Rajasthan.

Union Railways Minister Shri Suresh Prabhu said that Railways is committed to offer all support to Government of Rajasthan. Rajasthan is a tourism state and Railways is providing logistic support for development of tourism.

Chief Minister of Rajasthan Smt. Vasundhara Raje said , “under the able stewardship of Prime Minsiter, Shri Narendra Modi,the Union Government is nurturing an ecosystem of strong empowered states”. She said that the Rajasthan Model of Development rests on the triad of Social Justice, Effective Governance and Job Creation.

Also present on the occasion were Governor of Rajasthan Shri Kalyan Singh, Minister of State for Information & Broadcasting Col. Rajyavardhan Rathore, Home and Law Minister of Singapore Shri K.Shanmugan and top Industrialists of the Country.

Ease of doing business: streamline processes and non discriminatory infrastructure to attract private investment and cooperation. States are urged to prioritise ease of doing business by streamlining processes, reducing discretionary bottlenecks, and ensuring availability of infrastructure such as land in a non-discriminatory manner to attract private investment. Competitive federalism and investor choice are presented as drivers for simplifying procedures and shortening investment timelines, while central ministries offer programme support and institutional investments contingent on state facilitation.