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Rajasthan Government Increases Private Contribution For Roads:

Rajasthan Highwey

Rajasthan is one of the developing states in India and according to some recent news Rajasthan Government has taken the initiative to award 20,000 km of state highways. The Union Ministry of roads transport has become hostile to award to several kinds of projects through Public-Private Partnership. Last Friday Rajasthan’s Legislative Assembly has passed this Rajasthan State Highways Bill. According to this issue, the government team has decided to set up a state highways authority within the short period of time. The main motto is to that the team requires achieving 20,000km of road construction within next five years. Thus, it can be considered as one of the tough challenges ahead.

Rajasthan Highwey
Image courtsy of nytimes.com

Several media houses have gone on record and asked to the localities regarding this issue. Most of the people have confronted that this new law will definitely empower the Rajasthan State Government. Reports suggest that the highways authority will prescribe the manner for determination of compensation and rules regarding land acquisition. The main part in these projects is that the roads will be financed by private investment associations. Apart from this, the budgetary grants will be taken from the State Government and Central Government as well. Last but not the least the highways authority will also collect funds from different sectors and it will be a great venture where both Government and Non-Government organizations will work together and that too for some really beneficial for the society.

Along with this project there is a new law which will be issued. The highway authority will also have the power to regulate traffic system. It will help to improve traffics on road and people can measure and improve safety. The highway authority’s aim is to gain a smooth flow on the roads and especially on the highways.

Finally, it has been reported that, the Central Government of India will focus on awarding roads projects through Engineering Procurement Construction. This practice will be followed for next few years. More initiatives will be taken until the market gets revived.

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Business

Business – The Pro-Business Hub of India – Rajasthan

Positioned at a strategically important zone of the nation, Rajasthan is a state of significant relevance to India. The state enjoys vast natural resources majorly and inexplicable in the barren expanses at its western/ southwestern fronts. The state has a significant number of emigrants to other countries of the world and over the period of time, the state is witnessing gradual increase in its investments from abroad. Rajasthan shares its national borders with five of the prosperous states of the nation namely Punjab, Haryana, Madhya Pradesh and Gujarat along with a long international line of control with Pakistan.

Business has been seeing the upward slope with the state government staging a perfect shift to the manufacturing bases. As of now, the state’s manufacturing sector contribution of 13% to the GDSP as enumerated in the 1990s has been sustained. The presence of corporates such as the Vedanta group and its foray into the conventional energy sector suffices this argument. The recent governments have shown a pro-business attitude to the state akin to those of the nation in the late 1980s. Rajasthan is considerably an investor – friendly state and the state recently bagged the feat of putting up the largest solar farm of the world with a capacity of 3000 MW when installed. The bureaucracy and the people at the helm of governance have shown commendable commitments which ensures the private sector to flourish and ride a smooth upward trajectory with initiatives such as single window clearance systems. The government has set up a number of corporations and development boards to look over the same. The next half of the decade is expected to throw up massive opportunities in the state of Rajasthan.

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