Rajasthan Boosts Industrial Growth: RIICO’s New Reforms Bring Major Relief to Investors
ananya
Ananya soch: In a significant push to promote industrial development and attract investments, the Rajasthan government has introduced a series of policy reforms aimed at improving the ease of doing business across the state. In line with the vision of Chief Minister Bhajanlal Sharma, these initiatives are designed to simplify procedures and make industrial setup more accessible for entrepreneurs.
Taking investor feedback into account, RIICO has implemented several key decisions to reduce the cost of industrial establishment. In underutilized industrial areas—where more than 10 percent of saleable land remained unallotted even after three auctions—plots are now being offered at just 60 percent of the prevailing or reserved rate, whichever is higher. Additionally, the lease period in these areas has been reduced from 99 years to 33 years, making investment more flexible and cost-effective. In the ninth phase of the direct allotment scheme, 27 such industrial areas were included, receiving a positive response with 25 applications for 22 plots.
To further encourage investment, the validity of the direct allotment scheme has been extended until December 31, 2026. Relaxations in MoU-related norms have also been introduced, allowing investors to become eligible even if they execute MoUs by the final date of EMD submission. Earlier, MoUs had to be signed 15 days prior to the scheme phase.
RIICO has also revised land-use categories in select industrial zones. Areas like Manpur Machedi in Jaipur, earlier reserved for leather industries, are now open to general industries. Similar flexibility has been introduced in the Integrated Resource Recovery Park, Tholai, and parts of the Medical Device Park in Boranada, Jodhpur, now named “Industrial Growth Park Boranada Extension.”
These reforms are expected to enhance investor confidence, accelerate industrial growth, and generate employment opportunities across the state.
