RIICO unveils direct land allotment rules to boost MSME growth in Rajasthan

29 Oct 2024 CW Team

According to the proposed draft, RIICO will now make direct allotments of industrial plots at reserved prices in designated industrial areas, excluding saturated zones. Entrepreneurs who signed Memorandums of Understanding (MoUs) with the state government during the Rising Rajasthan investment initiative will be eligible for land allotment at prevailing reserve prices.

The draft outlines an expedited allotment process that evaluates capital investment, employment generation, production timelines, and industry experience. If deemed suitable by RIICO’s evaluation committee, allotments can be completed within three weeks.

A separate lottery-based provision is also included for direct land allotment to MSME entrepreneurs in identified subdivisions and rural areas. MSMEs that signed MoUs during the Rising Rajasthan roadshows will qualify for allotment at the reserve price for their respective industrial zones.

RIICO Chairman and Additional Chief Secretary of Industries, Ajitabh Sharma, stated, "We have eliminated the minimum investment requirement criteria to ensure small industries can also access land through direct allotment for their projects."

The draft stipulates that applications for industrial plots will be accepted online, with allotments made via lottery among technically qualified applicants. RIICO will review project reports, and those meeting technical qualifications will receive land based on merit.

Strict compliance conditions are set for the proposed production timeline, requiring production to commence within three years. Intermediate milestones will also be monitored post-allotment. An additional two-year period will be granted, subject to penalties.

This initiative primarily benefits entrepreneurs who have faced challenges in starting projects due to land availability. Both schemes allow for a payment structure where 25% of the plot price is due at the time of allotment, with the remaining 75% payable in installments over three years.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

In response to industry demands, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has introduced direct land allotment provisions in select industrial areas to expedite the development of industrial projects. The previous auction-based land allocation system, criticized for driving up prices, has been a significant barrier to industrial progress in the state. According to the proposed draft, RIICO will now make direct allotments of industrial plots at reserved prices in designated industrial areas, excluding saturated zones. Entrepreneurs who signed Memorandums of Understanding (MoUs) with the state government during the Rising Rajasthan investment initiative will be eligible for land allotment at prevailing reserve prices. The draft outlines an expedited allotment process that evaluates capital investment, employment generation, production timelines, and industry experience. If deemed suitable by RIICO’s evaluation committee, allotments can be completed within three weeks. A separate lottery-based provision is also included for direct land allotment to MSME entrepreneurs in identified subdivisions and rural areas. MSMEs that signed MoUs during the Rising Rajasthan roadshows will qualify for allotment at the reserve price for their respective industrial zones. RIICO Chairman and Additional Chief Secretary of Industries, Ajitabh Sharma, stated, We have eliminated the minimum investment requirement criteria to ensure small industries can also access land through direct allotment for their projects. The draft stipulates that applications for industrial plots will be accepted online, with allotments made via lottery among technically qualified applicants. RIICO will review project reports, and those meeting technical qualifications will receive land based on merit. Strict compliance conditions are set for the proposed production timeline, requiring production to commence within three years. Intermediate milestones will also be monitored post-allotment. An additional two-year period will be granted, subject to penalties. This initiative primarily benefits entrepreneurs who have faced challenges in starting projects due to land availability. Both schemes allow for a payment structure where 25% of the plot price is due at the time of allotment, with the remaining 75% payable in installments over three years.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..