Two Years Ago, 14 Thousand Crore Investment and 52 Thousand Jobs Were Promised, But...

Alwar: In April 2022, 263 memorandums of understanding (MoUs) and letters of intent (LoIs) were signed in the industrial areas of Bhiwadi, Neemrana, Ghilot, and Bahror. These agreements were expected to bring in an investment of Rs 13,885 crore and create 52,324 jobs. However, two years have passed, and the reality is far from what was promised.

Out of the 14 companies that had signed MoUs, four have backed out, citing various reasons. These companies were supposed to invest Rs 832 crore and provide employment to 5,070 people. Four other companies have not received departmental approval for their proposals, which would have brought in an investment of Rs 674 crore and created 1,170 jobs.

Despite the setbacks, the Invest Summit has seen some success. So far, 103 units have invested Rs 4,569 crore and generated 12,578 jobs. Construction work is underway in 93 units, which will provide employment to 20,592 people. One MoU is pending departmental approval, which promises an investment of Rs 4.30 crore and 60 jobs. However, 48 MoUs are still pending with the investors, which would bring in an investment of Rs 3,425 crore and create 12,854 jobs.

Preparations for the Invest Summit are underway, with the district collector, Dr. Artika Shukla, conducting a site inspection of the industrial areas. The summit is expected to take place in December, and the administration is working to ensure that all necessary arrangements are in place to attract maximum investment.

Bhiwadi is expected to play a significant role in the upcoming summit, with many big companies having already signed MoUs in the area. The factories that have come up in the region have already started production, and this time around, the administration is hoping to attract even bigger investments.