Latest update: October, 2016
Last Updated: October, 2016
RAJASTHAN State Report | October, 2016
Rajasthan, the largest (area-wise) state in India, is located in the north-western part of the subcontinent. It is surrounded on the north and north-east by Punjab, Haryana and Uttar Pradesh, on the east and south-east by Uttar Pradesh and Madhya Pradesh and on the south-west by Gujarat.
Rajasthan offers tremendous opportunities in the areas of organic and contract farming as well as in infrastructure developments related to agriculture. Rajasthan is the largest producer of rapeseed, bajra and mustard. It is the second largest producer of oilseeds and spices and third largest producer of soya bean and coarse cereals in India.
Rajasthan is a leading producer of limestone, silver, gold, copper, marble, sandstone, rock phosphate, and lignite. The state is the largest producer of cement in India. It has 21 major cement plants, having a total capacity of 55 million tonnes per annum (MTPA). Rajasthan is also the second-largest producer of milk and the largest producer of wool in India.
Rajasthan has reserves of numerous precious and semi-precious stones and is the largest manufacturer of cut and polished diamonds in the country. The world's largest centre for gemstone cutting and polishing is located in Jaipur.
In 2015-16 (up to December 2015), tourist arrivals in the state reached 36.66 million. Historic palaces, especially those in Jaipur and Udaipur, offer opportunities to expand the luxury tourism segment, with increasing number of tourists visiting wild life sanctuaries and desert locations.
The gross state domestic product (GSDP) of Rajasthan expanded at a compound annual growth rate (CAGR) of 12.38 per cent over 2004-05 to 2015-16. The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 1.31 billion during the period April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP).
The state has immense potential for electricity generation through renewable energy sources and wind power. Rajasthan Renewable Energy Corporation Ltd has actively promoted solar energy and biomass projects. As of June 2016, Rajasthan had a total installed power generation capacity of 17,953.44 megawatt (MW).
The state has a considerable pool of skilled and technically qualified human resources with more than 200,000 students enrolled in technical institutions. In line with this, a number of IT parks with special infrastructure are being developed.
The policy environment has been favourable for the establishment of industrial units. A single window clearance system (SWCS) for investment approvals is operational in the state and the Bureau of Investment Promotion (BIP) was set up to focus on investments above US$ 2.2 million. Rajasthan stands sixth among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: October 20, 2016