CM Directs RIICO to Create Land Bank for Industry Growth

11 Mar 2025 CW Team

Chief Minister Bhajan Lal Sharma has directed the Rajasthan State Industrial Development and Investment Corporation (RIICO) to identify suitable locations for new industrial zones and collaborate with district collectors to establish a land bank. This initiative aims to facilitate industrial expansion and ensure easy access to land for potential investors. The directive was issued during a review meeting assessing the progress of Memorandums of Understanding (MoUs) signed at the Rising Rajasthan Global Investment Summit. Additionally, the chief secretary has been instructed to conduct regular reviews of land allocation cases to ensure efficiency in the process.

The state government is focused on ensuring that the MoUs materialize into concrete projects, with significant progress already observed. Departments have been tasked with maintaining coordination and continuous monitoring to expedite implementation. This initiative aligns with Rajasthan’s broader economic goals, particularly its commitment to achieving a $350 billion economy by fostering industrial growth and investment. Several investors have already commenced on-ground work, reflecting the state's proactive approach to economic development.

As part of the Viksit Rajasthan 2047 vision, the government is prioritizing comprehensive development across both urban and rural areas. Emphasis is being placed on ensuring balanced progress in all regions, from major cities to the smallest villages. Government schemes, the 2025-26 budget, and the execution of investment-related agreements will be closely monitored to drive sustainable growth. In the coming days, the chief minister plans to conduct a video conference to evaluate the performance of district administrations, reinforcing accountability and efficient governance across the state.

News source: MSN

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..