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The Fifteenth Finance Commission meets representatives of Trade and Industry in Rajasthan

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10 Sep, 19 06:17
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The Fifteenth Finance Commission meets representatives of Trade and Industry in Rajasthan

Th e 1 5 th Fi n a n c e Commission headed by Chairman, Shri N.K. Singh alongwith its Members and senior officials met today with the representatives of the Trade and Industry bodies in Rajasthan : TheCommissionobserved that: •Industrialgrowthhasbeen prioritized with the emphasis on growth areas such as Textiles, Cement, Gems and Jewellery,GlassandCeramics, etc. Special Economic Zones have been created to improve exports mainly in Handicrafts, Electronics, etc. • Close proximity to the NationalCapital,NewDelhihas supportedthedevelopmentof industrial areas in Alwar districtwhichhousesseveral leadingindustrialgiants intheautomotive and engineering sector.TheStatealsohas tremendous potential to spur industrial activity after the developmentofDelhiMumbaiIndustrial Corridor. •Rajasthanhasmadegreat strides inthefollowingsectors: o Natural resources such as Crude Oil, Marble and Granite, Limestone, Mica, o Feldspar, Copper, Lead and Zinc o Textiles and Apparel oAgriculture based industrieshassignificantlyimproved by introduction of several new crops which were hitherto not being produced in Rajasthan viz. date farming in Jaisalmer, Kinoo production in Sri Ganganagar, Oranges in Jhalawar Area, Guvavas in Sawaimadhopur, Guargum in Bikaner belt. o Production of variety of spices viz. Chilly, Fennel, Asafoetida, Cumin, Ajawain, Coriander,Fenugreek leaves, Ginger, Garlic etc. ❖ Rajasthan ranks 9th in the ease of doing business rankingwithascoreof99.40%. ❖ Rajasthan also has the third highest solar capacity of 3072.43MW(tillMarch2019). ❖ Ra j a s th a n Sta te Industrial Development & Investment Corporation Ltd. (RIICO) and Japan External Trade Organization (JETRO) have collaborated for facilitatingJapaneseinvestmentinthe State of Rajasthan during the period2006-2016.Asignificant step in this regard has been the establishment industrial zone has been created at Ghiloth near Neemrana. ❖Rajasthanisalsothesecond largest crude oil producing state in India afterBombay Highoffshorefieldbeingoperated by ONGC. Regarding the tourism potential in Rajasthan, the Commission observed that: • The state offers vast and unexploited potential for domestic tourists who, along with the foreign tourists, could contribute towards pushing the economic growth further, while providing employment opportunities. • According to the Tourism Statistics at a Glance 2018, State ranks 5th amongst all Indian States in attracting foreign tourists visits in the country in 2017. 6 percent of all Foreign Tourist visits were attracted by the State of Rajasthan in 2017. •Stateranks10thamongst all Indian States in attracting domestic tourists visits in the country in 2017. 2.8 percent of all Domestic Tourist Visits were attracted by the State of Rajasthan in 2017. The key initiatives undertaken by State Government to promote Investment include: •IntroductionofRIPS2014, Single Window Clearance System. • Systematic creation of various policies and schemes relating to Agro-Processing and Agri-Business, Tourism, SolarPower,MSME,Minerals, Township, Incentive Scheme forBPOsandKPOs,Start-ups. • Introduction of comprehensive labour reforms. The points of concern according to the Commission are - ❖ The availability of adequate Technical Skilled Population: • According to Niti Aayog, lack of technically qualified personnel in the state has been a concern. • The expected availability of skilled personnel is around 2.17 lakh less than half of the expected requirement in the state. •IncaseofSemi-skilledpersonnel, where the expected requirement is 30.91 lakh and the expected availability is around10.91lakhindividuals. ❖ Inadequate Transport Infrastructure: •Rajasthanstill lagsbehind the national average with respect to road length. • The road density in Rajasthan is 74.3 km per 100 sq. km as against the national average of 143.1 km in the year 2016-17. • The total length of roads in the State is about 1,89,825 km in the year 2017-18. The length of national highways in the State is about 9,271 km while state highways extend to a b o u t 1 5 ,0 3 2 k m . Representatives of Industries and TradeAssociations present in the meeting included representatives of Rajasthan Chamber of Commerce & Industry, CII Rajasthan, Federation of Rajasthan exporters, Gems & Jewellery Export Promotion Council, United Council of Rajasthan Industries, FICCI, FORTI, JaipurChamberofCommerce and Industries, Laghu Udyog Bharti, PHDCCI, Jaipur. The Commission noted all theconcernshighlightedbythe representati ves of the RajasthanTrade and Industry representativesandpromised to address them in its recommendations to the Central Government.


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