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Rajasthans investor-friendly policies in 2024 have already drawn $78bn in investments.
India-based sustainable energy company Avaada Group has unveiled a $12bn investment in Rajasthan to expedite the transition to green energy.
This investment aims to position the region as a global renewable energy hub.
The announcement was made at the Rising Rajasthan 2024 Summit, in the presence of Indian Prime Minister Narendra Modi and Rajasthan’s chief minister Bhajanlal Sharma.
Rajasthan is recognised as a global centre for renewable energy, having over 142GW of unparalleled solar potential, attributed to more than 325 sunny days each year.
The state’s investor-friendly policies such as the Rajasthan Investment Promotion Scheme 2024 and the Integrated Clean Energy Policy 2024 have already attracted investments totalling $78bn.
Avaada Group chairman Vineet Mittal said: “Rajasthan’s vast solar and wind resources, coupled with the visionary leadership of the Hon’ble Prime Minister and Chief Minister, present an unparalleled opportunity to redefine the global renewable energy landscape. |
