The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received nearly 800 applications for 465 industrial plots spread across approximately 294 acres. These plots have an estimated value of about Rs 550 crore. The plots are being offered under the direct allotment scheme of RIICO, which is specifically designed for MoU holders of the Rising Rajasthan investment summit.
High Response for Kankani Industrial Area
Officials from the corporation stated that the highest number of applications, totaling 267, was received for the Kankani Industrial Area in Jodhpur. This indicates strong investor interest in that region.
Revised Policy for Underutilized Areas
To improve occupancy in underutilized industrial areas, RIICO has partially amended its flexible land lease and rental policy. Under the revised provision, industrial plots in areas where less than 25% allotment was achieved even after two attempts will now be offered at 60% of the prevailing rate or the reserve price, whichever is higher.
In the ninth phase, 25 applications were received for 22 plots offered at this concessional rate of 60%. Among these, the Ajaymeru Palra Extension in Ajmer received the maximum interest. In the ongoing tenth phase, applications for such underutilized industrial areas have risen sharply to 113.
This move by RIICO is expected to boost industrial development and attract more investments to the state, particularly in regions that have previously seen lower uptake. The direct allotment scheme and the revised pricing policy are part of broader efforts to streamline land allocation and support the state's economic growth.
