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Commercial Growth Opportunities

An Italian delegation led by the Italian Ambassador to India Daniele Mancini today explored opportunities for investment in Rajasthan and discussed regulatory policy framework with the state officials here.

The delegation, which is on a three-day visit to the state, held a meeting with Additional Chief Secretary (Industries) and Rajasthan State Industrial Development and Investment Corporation (RIICO) Chairman Rakesh Srivastava and other senior officers.

The delegation showed interest in different investment enclaves in Neemrana industrial town of Alwar.

Auto components, infrastructure, energy and tourism were among the key areas the delegation was interested to explore the state’s trade and investment potential.

Siddharth Mahajan, Commissioner BIP and officiating RIICO MD, in his presentation enlisted the strengths which the state offered as an investment destination.

The state has taken various steps for rapid industrialisation through enabling legislations like Single Window Act, he added.

Mahajan explained the role that RIICO plays in facilitating the state’s industrialisation and mentioned some of the recent initiatives which have been taken to promote the state as an attractive business destination.

He said that about 40 per cent of the Delhi – Mumbai Industrial Corridor (DMIC) is proposed to pass through Rajasthan, thus offering immense business opportunities.

A business delegation from Italy may visit Rajasthan in the near future to explore the investment potential of the state, according to the RIICO sources.

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