Recently, grocery and essentials focused social commerce startup, DealShare, set to be valued at $1 billion, shifted its base from Jaipur to Bengaluru without expressing publicly reasons for the decision. People who know of the development say Jaipur orRajasthandoes not attract talent and it is no more the low-cost destination for both businesses and talent.
Low cost of doing business, touted as a major reason why companies would relocate to Jaipur, no longer holds any water now. Its not only true for startups or businesses in the Services-sector”>services sector, but also the manufacturing .
As the government in power celebrates completion of three years, there is bound to be assessments over how much investments it has received during the period.
In the past one year, the industries department has launched a record number of industrial zones in the state, over 100. But having industrial areas does not translate into investments.
In mining, the department has not been able to announce a policy so far in the current regime of the government. Tourism has not been any different. The government announced a fund of Rs 500 crore to develop and promote. But the fund is yet to see the Light of the day.