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To boost investment and drive industrial growth, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has introduced a direct land allotment scheme. Designed for projects linked to Memorandums of Understanding (MoUs) signed during the Rising Rajasthan Global Investment Summit, this initiative replaces the conventional auction-based land allocation process. The RIICO board approved this landmark decision after receiving the state government’s endorsement.

Under the previous system, industrial land was allocated through auctions, often making it financially challenging for entrepreneurs to secure plots. The new direct allotment scheme seeks to provide land at reserved rates, ensuring affordability for investors. This initiative aligns with the state’s objective of fostering an investor-friendly environment and stimulating economic development.

Online Portal for Land Applications

To streamline the application process, RIICO has developed an online portal where entrepreneurs can apply for land allotment. During the lead-up to the Rising Rajasthan Summit, investors and business leaders from both India and abroad signed a record-breaking number of MoUs, totalling investments worth ₹35 lakh crore. The direct allotment scheme is set to cater to these commitments, providing a platform for businesses to establish and expand their operations in Rajasthan.

Entrepreneurs with executed MoUs can apply for up to three plots of varying sizes in RIICO’s designated industrial areas. Applicants must submit their project reports and proof of earnest money deposits alongside their applications. Additionally, they can prioritize their preferences for plots within the same or different industrial zones.

Evaluation and Allotment Criteria

Applications will be assessed based on several key parameters, including proposed permanent capital investment, employment generation potential, production timelines, prior experience in managing industrial ventures, export-oriented goals, land requirements for expanding existing units, and turnover records. RIICO will allot plots to applicants scoring the highest marks based on these criteria.

Entrepreneurs will receive only one plot, prioritized according to their application. In cases where multiple applicants achieve the highest score, preference will be given to the project with the largest investment. If no applications are received for a specific plot under the priority, subsequent priority applications will be considered.

For micro, small, and medium enterprises (MSMEs) with signed MoUs, RIICO has designated 50% of saleable industrial land, including reserved plots in newly developed industrial areas. These plots will be allocated through an online lottery system, ensuring transparency and fairness.

Supporting Entrepreneurs

Ajitabh Sharma, Principal Secretary (Industries) and RIICO Chairman emphasized that this scheme addresses long-standing demands from the entrepreneurial community. The shift from e-auctions to direct allotments is expected to make industrial land more accessible and reasonably priced. Additionally, the scheme will save time for investors, enabling quicker project implementation.

Also Read | Government Accelerates Implementation of Rising Rajasthan Investment MoUs

This proactive approach by RIICO underscores Rajasthan’s commitment to becoming a hub for industrial and economic activity. By simplifying land allotments and fostering an investor-centric environment, the state aims to attract more businesses, create jobs, and accelerate growth in the industrial sector.

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