The government of Rajasthan and Tata Power, the biggest integrated power firm in India, have inked a Memorandum of Understanding (MoU) for a substantial investment of INR 1.2 lakh crore to overhaul the state’s electricity industry.
Senior Rajasthani government officials, together with Chief Minister Bhajan Lal Sharma and Col Rajyavardhan Rathore, the state’s minister of industry and commerce, witnessed the signing of the Memorandum of Understanding during the Rising Rajasthan Investor Meet in New Delhi.
With investments in manufacturing, transmission, distribution, nuclear power, rooftop installations, EV charging, and renewable energy projects, the 10-year investment plan seeks to support Rajasthan’s transformation into a power surplus state that offers a clean, affordable, and dependable power supply around the clock.
“Tata Powers’ investment in Rajasthan is a pivotal step to enhance the energy infrastructure. It is a step towards a future where electric mobility solutions are not just a vision but a reality, especially for e-rickshaws. This investment will significantly enhance the energy infrastructure by providing access to reliable, and affordable charging infrastructure. This step is aligned with India’s vision of achieving the electrification goal and it will not only drive higher EV adoption but will also have greater economic benefits including job creation and the growth of ancillary industries such as battery production and EV parts manufacturing. We are confident that this game-changing investment will certainly accelerate the adoption of electric vehicles and empower manufacturers, end users, and local economies alike,” stated Nitin Kapoor, Managing Director, SAERA Electric Auto Ltd.
Emphasis on Sustainable Energy Sources
Roughly INR 75,000 crore, or a large amount of the investment, will go into renewable energy projects. In multiple regions, including Bikaner, Jaisalmer, Barmer, and Jodhpur, Tata Power intends to create 10,000 MW of renewable energy capacity. This comprises hybrid energy projects with 4,000 MW and 6,000 MW of solar electricity. India’s capacity to manufacture solar modules domestically would be strengthened even further by this MoU, which calls for the construction of a 2,000 MW facility in Jodhpur.
The collaboration between Tata Power and the Government of Rajasthan, according to CEO and MD Dr Praveer Sinha, is evidence of the companies’ common goal of creating an integrated, low-carbon energy ecosystem in the region. The company wants to help Rajasthan achieve its energy goals and give its citizens access to economic possibilities by leveraging Tata Power’s knowledge throughout the whole power sector value chain.
Modernizing the Power Grid’s Transmission and Distribution Systems
In addition to renewable energy, Tata Power has made a large financial investment in Rajasthan’s electricity infrastructure modernization. To update the state’s distribution systems and lower energy losses while raising power quality, the business intends to invest INR 20,000 crore.
To improve transmission infrastructure, an extra INR 10,000 crore has been set aside. It is anticipated that these investments will increase the energy grid’s dependability in the state and guarantee that businesses and homes will always have access to cheap, clean power.
Focus on Electric Vehicles and Solar Panels for Homes
By investing INR 1,000 crore to build 1 lakh electric vehicle (EV) charge stations throughout the state, Tata Power also intends to assist Rajasthan’s shift to electric mobility. This will be crucial in lowering carbon emissions and promoting the use of electric vehicles in the area.
Tata Power has also promised to install rooftop solar power systems under the PM Surya Ghar Yojana for 10 lakh families. With the help of these installations, distributed renewable energy generation will be encouraged, and affordable, clean power will be delivered directly to houses throughout the state.
The MoU has the potential to establish Rajasthan as one of India’s foremost renewable energy hubs, helping the state meet its ambitious goals of reaching net-zero emissions by 2070 and 500 GW of renewable capacity installed by 2030.
Directly Supporting More Than 28,000 Individuals
Over 28,000 direct jobs are anticipated to be created in Rajasthan as a result of the MoU, significantly boosting the region’s economy. Rajasthan will become a more desirable location for green investments as a result of this significant investment. This development will also support several businesses, such as solar manufacturing, infrastructure development, and innovative renewable energy sources.
This partnership is anticipated to have a far-reaching socio-economic influence above and beyond the energy sector. Tata Power hopes to promote sustainable industrial development in Rajasthan by bringing down energy costs for enterprises and consumers alike through large-scale integration of renewables.
The Pink City of India and the capital of Rajasthan is famous for its forts, and markets, and I can’t forget to mention the celebs’ favourite “Annu Mobile Paan Bhandar”.But besides these, Jaipur is becoming famous for one more factor, it is in the Startup industry. These are the list of startup companies in Jaipur that are going to be successful in the future. Let’s have a look into it.
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CarDekho was founded in 2008. CarDekho helps users buy cars that are right for them. It gives rich automotive content such as expert reviews, detailed specs and prices, comparisons as well as videos and pictures of all car brands and models available in India on its website and app.
CarDekho has tie-ups with many auto manufacturers, more than 4000 car dealers and numerous financial institutions to facilitate the purchase of vehicles. The company has expanded to Southeast Asia with the launch of Zigwheels.ph, Zigwheels.my and Oto.com. It also has a presence in the UAE with Zigwheels.ae
CarDekho has received a total of $497.5 million in funding to date. Its investors include Google Capital, Tybourne Capital, Hillhouse Capital, Sequoia Capital, HDFC Bank, Ratan Tata, and Times Internet.
2. Voylla
Founder: Vishwas Shringi & Jagrati Shringi
Founded: 2011
Industry: Jewelry Portal
Voylla Website
Voylla is a fashion jewellery brand based in Jaipur that was founded in 2011. It has a robust online presence and an expansive retail presence of 250+ Stores across India. Voylla started operations in 2012 in Bengaluru and then shifted its base to Jaipur in 2013, and started selling men’s accessories from its stores in 2015.
Voylla had raised a total funding of USD 15.5 million as of 2022. The company raised funding from a private equity firm, Peepul Capital last year. Prior to that, the company had raised two rounds of funds in 2012 and 2013 from Snow Leopard Technology Ventures.
3. Tax2Win
Founder: Abhishek Soni & Vertika Kedia
Founded: 2015
Industry: Fintech
Tax2Win Website
Tax2Win is the startup working to help other startups grow. Tax2Win can assist in all tax-related issues. They can handle everything related to tax on behalf of the firm. The startups don’t have to worry about ITR. They also provide CAs to assist you in filing ITR, if you wish to. Other than that, they have various kinds of financial tools available on their website. The company was acquired by Fidom in 2021.
Tax2Win was founded by Abhishek Soni and Vertika Kedia. Both the founders are Chartered Accountants. The idea of Tax2Win came to Abhishek’s mind when he used to travel a lot in shared cabs and people used to ask if he can file their returns. The company raised total funding of $1 million as of 2022.
Instacash is a website where people can sell their old phones. The company provide home pick-up service and a good price on the phone. They use an algorithm to determine the price of the device the user is selling.
The main factors are the market value and the current condition of the phone. After buying from the general public, Instacash then wipes out the data of the phone and sells it to further dealers who then sell it to people who are looking to buy second-hand phones.
Instacash was founded by Prateek Goel in 2017. Before starting Instacash, Prateek founded Zerowaste and co-founded Teramatrix and Codescape.
5. ScooNews
Founder: Ravi Santalani
Founded: 2017
Industry: Media
Scoo News Website
Scoonews is a news platform focused on news related to education. It is a website where teachers and other professionals in the education industry can keep a tab on their industry. Along with reading, people can also contribute by submitting their articles on their website. Moreover, they have listed some videos that anyone interested in the education field should watch.
Scoonews was founded by Ravi Santalani in 2017. Before starting Scoonews, Ravi was the CEO of AddADot Technologies.
6. KuberBox
Founder: Sourav Lodha
Founded: 2008
Industry: Jewellery
KuberBox Website
KuberBox is a Jaipur-based jewellery startup that deals with a vast variety of jewellery. Not just the jewellery for ladies, but they also have jewellery for men. This startup also gives an opportunity to other people to earn by selling their products to their family and friend circle.
KuberBox was founded by Sourav Lodha. Sourav also founded a company called PrintBooth in his engineering college. He sold his share and exited the company. Sourav did a Professional Diamond course before starting KuberBox.
7. Indibni
Founder: Nitin Jain & Ankit Jain
Founded: 2012
Industry: Gifting
Indigifts Website
Indibni is a gifting and designing company which delivers and brings gifts from and to all over India. According to one of the founders Nitin Jain, the three “I” in the name of the company stands for India, Innovation & Individuality.
Indibini was founded by Nitin Jain and Ankit Jain in 2012. Ankit did his Bachelor’s whereas Nitin did his Masters in Animation from Birla Institute of Technology.
Desi Diaries is a media company which has a collection of many media channels based on city news. They post local news related to all the main cities including Jaipur, on their Instagram pages. Their main focus is Jaipur but they have a particular page for many cities. The Instagram page of Jaipur Diaries (Sub company) has more than 150k followers.
Desi Diaries was founded by Anurag Bajoria. Anurag is an Investment Manager and started the company as a side project. He handles it full-time now.
9. Lexcart
Founder: Arvind Singh
Founded: 2016
Industry: Legal Tech
Lexcartsis a platform where you can find and hire the best lawyer in any city or court in India. Lexcart is very convenient to find a lawyer. We believe that you deserve to get professional legal advice from the best lawyers. The company aims to provide professional legal advice to everyone, only from the best lawyers.
Lexcart was founded by Arvind Singh in 2016. He supports the company as the Chief Legal Officer of Lexcart.
10. Oxy3
Founder: Dipankar Rabha
Founded: 2020
Industry: Gardening
If you love plants or if any of your family members do, then Oxy3 Plant is the online destination for them. You can request services like terrace gardening, vertical gardening, etc. One of their dozens of services is that you can leave your plant in their plant bank if you are going on a vacation. The transportation of those plants is their headache, you can just enjoy your vacation.
Oxe3 was founded by Dipankar Rabha. Dipankar has an MBA degree in Marketing and Finance.
11. KhanaGadi
Founder: Amit Deep Kumar
Founded: 2015
Industry- Food Delivery
KhanaGadi provides this special service to deliver food by train. Moreover, they deliver you the food from any restaurant and you can even ask for custom orders. However, you cannot order it online directly. But they take orders through calls. Their number is available on Google.
This Jaipur-based startup was founded by Amit Deep Kumar in 2015. KhanaGadi delivers food to more than 90 stations in India. Along with that, they also do home food delivery in Jaipur.
Mr n Mrs Pet is an online pet store. They offer each and every service related to pets. You can buy pets from their website and if you already have a pet then you can treat them well with Mr. & Mrs Pet’s services.
Mr n Mrs Pet was founded by Ashish Chanwal. Ashish is a bachelor of Arts from the University of Rajasthan.
13. Street Jumper
Founder: Ravi Poddar & Tarin Poddar
Founded: 2014
Industry: Logistics
Street Jumper is a logistic startup. It helps people to move local goods around the city. They can send or order anything from anywhere around the city. The company aims to create a logistic network where the user gets connected to a verified and validated Jumper, which offers personalized delivery service and completes the assigned task.
Street Jumper was founded by Ravi Poddar and Tarin Poddar in 2014. Later in 2016, the startup was acquired by a Mumbai-based entrepreneur, Sandip Modi.
14. eShiksa
Founder: Pravin Sharma
Founded: 2013
Industry: Educational, Training
eShiksha Website
eShiksa is an education management portal which simplifies the management and provides enormous facilities to an Institute. It provides all the facilities of educational business like administrative, academic and accounting activities. Institute can connect with students and parents easily with eShiksa.
eShiksa helps in students’ growth because it creates a single window for viewing various reports on the academic front and paying all kinds of institute fees online.
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FAQs
What business can I start in Jaipur?
Textile business, Art and painting, travel business, handicraft, sweet shop, and jewellery design are some of the businesses you can start in Jaipur.
What are some of the top startups in Jaipur?
CarDekho, Instacash, KuberBox, Tax2Win, and eShiksha are some of the top startups in Jaipur.
Damini Bhandary
