Taking a long leap in march to development in 2025-26, Rajasthan, with an investment of Rs 4.65 lakh crore, has become the third most favourite destination for investors for setting up their business and industrial units in this state.
The year saw huge investments pouring into infrastructure and the energy sectors, recording almost four-fold growth compared to the preceding year 2024-25 that had attracted Rs 1.10 lakh crore, an official release said here last evening, quoting a latest “India State” report.
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The desert state that was on the 8th slot of the list of investment-friendly states had attracted 501 projects in 2024-25, and later improved its performance in industrialisation to attain the third position adding 873 new projects the last fiscal, the release said, crediting the achievement to untiring efforts by Chief Minister Bhajan Lal Sharma and the investor-friendly policies formulated by his government.
The new major works include eight mega highway projects under the Rajasthan Public Works Department (PWD) involving total investment of Rs 57,000. Investments of Rs 11,000 crore in solar power sector by Acme Cleantech Solutions are also notable achievements of the incumbent Sharma led government.
The company is a unit of mega ACME Group – India’s leading renewable energy independent power producers (IPP) that targets a 7.39 GW portfolio across solar, wind, hybrid, and FDRE projects. It aspired to build and operate large-scale renewable energy projects.
Today, ACME Group leads the way in clean energy innovation through the upcoming 1.2 GW solar PV module facility in Rajasthan, a company note states.
ACME Cleantech Solutions already has a massive presence in Rajasthan operating 300 MW solar projects.