Rajasthan: Congress-led state gets biggest investment pledges from Adani, Ambani, worth Rs 1.68 lakh crore

Rajasthan, one of the last few remaining Congress bastions in the country, has received the biggest investment pledges under the ‘Invest Rajasthan’ outreach programme include commitments by the Gautam Adani-led Adani Group and the Mukesh Ambani-chaired Reliance Industries Ltd

FPJ Web DeskUpdated: Monday, June 27, 2022, 11:00 AM IST
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Gautam Adani, Chairman of the Adani Group (left) and Reliance Industries Limited (RIL) Chairman Mukesh Ambani | FPJ Photo

On Monday, The Indian Express reported that Congress-ruled Rajasthan, one of the last few remaining Congress bastions in the country, has received the biggest investment pledges under the ‘Invest Rajasthan’ outreach programme include commitments by the Gautam Adani-led Adani Group and the Mukesh Ambani-chaired Reliance Industries Ltd.

The information above was obtained by The Indian Express following request under the Right to Information (RTI) Act.

According to the data, investment pledges were made between December 2021 and March 2022 by Reliance New Energy Solar Ltd (Rs 1,00,000 crore), Adani Green Energy Ltd (Rs 60,000 crore), Adani Infra Ltd (Rs 5,000 crore), Adani Total Gas Ltd (Rs 3,000 crore) and Adani Wilmar Ltd (Rs 246.08 crore).

Congress has criticized Ambani, Adani ties to BJP before

Rajasthan had planned to organize the 'Invest Rajasthan Summit' in January this year, but it was postponed due to the Coronavirus pandemic. Before the proposed summit, Chief Minister Gehlot had met several industrialists, including Gautam Adani.

The summit is now scheduled for October 7-8 in Jaipur.

Former party president Rahul Gandhi has accused the BJP of crony capitalism at the center.

In the Lok Sabha in February this year, he had described Adani and Ambani as the "double A variants" spreading in the Indian economy. He had earlier also taken a similar dig at the BJP-led government at the Centre.

'Invest Rajasthan'

The 'Invest Rajasthan' programme is, according to the BoIP website, the “State’s active investor outreach program comprising domestic, national, and international investor meets, embassy connect programs and virtual seminars. The program aims at soliciting investment proposals, processing them on a mission mode and taking them to fruition.”

Reliance New Energy Solar Ltd made an investment pledge of Rs 1 trillion, Adani Green Energy Ltd of Rs 60,000 crore, followed by Adani Infra Ltd, Adani Total Gas Ltd, and Adani Wilmar Ltd at Rs 5,000 crore, Rs 3,000 crore, and Rs 246.08 crore, respectively, showed the data reported by IE.

Nearly 4,106 firms have pledged to invest in the Congress-ruled states.

Some of them are JSW Future Energy Ltd and Sterlite Power Technologies Pvt. Ltd at Rs 40,000 crore each, Hindustan Zinc Cairn, also of Vedanta Group at Rs 33,350 crore, Axis Energy and Axis Energy Ventures Pvt. Ltd. at Rs 30,000 crore each, Eden-Renewables at Rs 20,000 crore and Tata Power at Rs 15,000 crore, the report stated.

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