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Auto Components India
|March 2022
The Government of Rajasthan is conducting road shows across the country to draw investment in its components manufacturing and ancillary ecosystem. Prateek Pardeshi draws the attention of tier suppliers and investors to the largest state of the country.
Rajasthan is the largest state and seventh-largest economy, in India! There are already more than 100 automotive and auto-component manufacturing plants in the state of Rajasthan. Deemed as a developed ecosystem for tier suppliers and ancillaries looking to expand their manufacturing footprint or geographical reach, those willing to turn to the Northern state can take confidence from the presence of auto majors like Hero Motors, Honda Cars, Honda Two-Wheelers, and Ashok Leyland. The State Government of Rajasthan nevertheless is taking this proposition to prospective investors from India and the world over. To make a strong case for investing in the state, through initiatives like the 'Invest Rajasthan Roadshow', Rajasthan's Chief Minister, Ashok Gehlot is doling out incentives and drawing attention to the strategic and distinctive advantages that elevate the status of the state as a strategic investment haven.
For example, investors turning to the state can look forward to attractive financial incentives, access to India's largest industrial land bank, unparalleled market access and an emerging industrial powerhouse. “Rajasthan is the manifestation of our commitment to building enduring partnerships with private enterprise for the development of the state and prosperity of our people. It is an important milestone towards delivering on the commitments made by us to investors," read a statement from Gehlot. “I invite you to experience and benefit from the bouquet of exciting opportunities Rajasthan has to offer, and to join us in building a promising future for all of us," a pre-recorded Audio Visual (AV) echoed at the road show's leg.
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This story is from the March 2022 edition of Auto Components India.
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