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.

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

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..