Rajasthan inks MoU with IFC to atttract private investment

JAIPUR - The Rajasthan government Friday signed a memorandum of understanding (MoU) with International Finance Corporation (IFC) to attract private investment, generate opportunities for small businesses and support job creation in the state.

The MoU was signed by Sunil Arora, principal secretary in the industries department, and Anil Sinha, general manager, advisory services, IFC, an arm the World Bank.

“By bringing IFC on board as a knowledge partner, we hope to draw on its global experience to help Rajasthan emerge an attractive investment destination for private sector initiatives and bring economic growth opportunities to our people”, said Industries Minister, Rajendra Pareek.

The MoU aims at forging a three-year partnership for identifying promising sectors for investment promotion, reviewing the state’s investment policy, and assisting the government to implement reforms that create an environment conducive for business and economic growth.

It also aims at setting parameters for the government to improve the quality of infrastructure services in the state and structure public-private partnership projects.