Rajasthan government signed a Memorandum of Understanding (MoU) with ShriVallabh Pittie (SVP) International Group to develop projects for textile, defence and aerospace, which includes aircraft Maintenance, Repair and Overhaul (MRO) facility, aviation academy. Through this MoU, SVP will invest Rs 4000 crore for these projects, which will create employment opportunities for more than 4000 people.
MoU Signed
The company representatives and state industry department officials signed the MoU in the presence of Ashok Gehlot, Rajasthan Chief Minister(CM).
Key Info
i.Presentation about the project was made by the company representatives at the meeting chaired by Ashok Gehlot, which was attended by Prasadi Lal Meena, Industry Minister; Rajeeva Swarup, Chief Secretary among others.
ii.The projects are intended to be developed at mutually agreed locations of the state.
iii.For rapid implementations of the projects, the state govt has directed to establish a committee under the chairmanship of Principal Secretary, Industries.
Recent Related News:
i.To boost Make in India Initiative of the Indian government, the Defence Acquisition Council(DAC) chaired by Rajnath Singh, Union Minister of Defence signed the contract worth Rs.557 crores (approximately) with Bharat Earth Movers Limited (BEML) for the procurement of 1,512 mine plough(MP) for the battle tank T-90 S/SK of Indian Army.
ii.A virtual meeting between India and Southern African Customs Union (SACU), consisting of South Africa, Namibia, Botswana, Lesotho, Eswatini, have been revived to achieve a Preferential Trade Agreement (PTA) and to discuss its various aspects.
About Rajasthan:
National Parks– Darrah National Park, Desert National Park, Keoladeo National Park,
Mount Abu Wildlife Sanctuary, Ranthambore National Park
Capital– Jaipur
