RIICO drafts rules for direct land allotment in Rajasthan

29 Oct 2024 CW Team

Under the draft, industrial plots or land in designated areas (excluding saturated zones) will be offered at reserved prices. Entrepreneurs who signed Memorandums of Understanding (MoUs) with the state government ahead of the Rising Rajasthan investment summit will be eligible for land allotment at prevailing reserve prices.

The draft policy emphasises capital investment, employment generation, production timelines, and prior industry experience for eligibility. Projects approved by RIICO’s evaluation committee can receive land allotment within three weeks.

A separate lottery-based mechanism has been proposed for direct land allotment to Micro, Small, and Medium Enterprises (MSMEs) in rural areas and identified subdivisions. MSMEs that participated in Rising Rajasthan roadshows will also be eligible for land under the reserve price scheme.

Ajitabh Sharma, RIICO Chairman and Additional Chief Secretary (Industries), stated, “We have removed the minimum investment requirement to ensure smaller industries can benefit from direct land allotment to establish their projects.”

The application process will be online, and industrial plots will be allotted through a lottery to applicants meeting technical qualifications. The policy sets a production timeline, requiring operations to begin within three years of allotment. Intermediate milestones will also be monitored, with an option to extend the timeline by two years subject to penalties.

The scheme offers flexibility in payments, allowing beneficiaries to pay 25% of the plot cost at the time of allotment and the remaining 75% in instalments over three years. This initiative is expected to help entrepreneurs who have previously faced delays in starting their projects due to a lack of land.

(ET)

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

In response to industry demands, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has introduced a draft policy allowing the direct allotment of land in select industrial areas. This move aims to accelerate industrial development by eliminating the current auction-based system, which has been criticized for inflating prices and hindering the state’s industrial growth. Under the draft, industrial plots or land in designated areas (excluding saturated zones) will be offered at reserved prices. Entrepreneurs who signed Memorandums of Understanding (MoUs) with the state government ahead of the Rising Rajasthan investment summit will be eligible for land allotment at prevailing reserve prices. The draft policy emphasises capital investment, employment generation, production timelines, and prior industry experience for eligibility. Projects approved by RIICO’s evaluation committee can receive land allotment within three weeks. A separate lottery-based mechanism has been proposed for direct land allotment to Micro, Small, and Medium Enterprises (MSMEs) in rural areas and identified subdivisions. MSMEs that participated in Rising Rajasthan roadshows will also be eligible for land under the reserve price scheme. Ajitabh Sharma, RIICO Chairman and Additional Chief Secretary (Industries), stated, “We have removed the minimum investment requirement to ensure smaller industries can benefit from direct land allotment to establish their projects.” The application process will be online, and industrial plots will be allotted through a lottery to applicants meeting technical qualifications. The policy sets a production timeline, requiring operations to begin within three years of allotment. Intermediate milestones will also be monitored, with an option to extend the timeline by two years subject to penalties. The scheme offers flexibility in payments, allowing beneficiaries to pay 25% of the plot cost at the time of allotment and the remaining 75% in instalments over three years. This initiative is expected to help entrepreneurs who have previously faced delays in starting their projects due to a lack of land. (ET)

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Infrastructure Energy

01 Sep 2025

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Infrastructure Transport

09 Sep 2025

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..