Rajasthan, the largest (area-wise) state in India, is located in the north-western part of the subcontinent. It borders six major states in the northern, western and central parts of India. Rajasthan is a natural corridor between the wealthy northern and the prosperous western states, making it an important trade and commerce centre.
The natural resources, policy incentives, strategic location and infrastructure in the state are favourably suited for investments in sectors such as cement, IT and ITeS, ceramics, tourism, automotive and agro-based industries.
Rajasthan is the largest producer of oilseeds, seed spices and coarse cereals in India. Tremendous opportunities exist in the areas of organic and contract farming as well as in infrastructure developments related to agriculture.
Between 2011-12 and 2017-18, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 6.05 per cent to US$ 129.79 billion whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 6.15 per cent to US$ 116.97 billion.
Rajasthan accounts for 17.5 per cent of the total cement grade limestone reserves in India and is the largest cement producer with 24 major cement plants having a total capacity of 55 million tonnes per annum.
Bureau of Investment Promotion (BIP) is a nodal agency of the Government of Rajasthan that facilitates investments in various sectors in the state. Rajasthan State Industrial Development and Investment Corporation (RIICO) is the sole agency in the state that develops land for industrial growth.
Some of the major initiatives taken by the government to promote Rajasthan as an investment destination are: