In a significant boost to Rajasthan's industrial landscape, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has achieved remarkable sales figures. Over the past twenty months, RIICO successfully sold industrial plots worth more than Rs 4,000 crore. This impressive performance builds directly on the momentum generated by the Rising Rajasthan investment summit memorandums of understanding.
Substantial Growth in Plot Sales
Data released by RIICO reveals the corporation sold a total of 3,150 plots during this period. This number marks a substantial increase when compared to the 2,125 plots sold in the final two years of the previous Congress-led government's term. The data indicates a strong growth rate of 48 percent, showcasing a renewed investor interest in the state's industrial offerings.
Ambitious Roadmap for 2026
Capitalizing on this success, RIICO has now charted an ambitious and detailed agenda for the year 2026. Rajasthan's Industries Minister, Rajyavardhan Rathore, outlined the state government's own roadmap. He emphasized that the plan focuses on several critical areas for economic development.
Key Development Areas
The minister highlighted specific sectors and projects that will receive focused attention. These include the development and support for Micro, Small, and Medium Enterprises (MSMEs). The government also plans to strengthen District Industries Centers (DICs) across Rajasthan.
Major infrastructure projects form a core part of the strategy. This involves the expansion of textile parks, particularly in Bhilwara, and the development of a dedicated pharmaceutical cluster in Chaksu. Other high-priority industrial zones are also on the agenda.
New Industrial Zones and Corridors
The corporation's plans include the development and official opening of the Japanese Manufacturing Industrial Area (JPMIA). A new textile park in Bhilwara and a specialized defence manufacturing zone are also in the pipeline. Furthermore, the establishment of the Rajasthan Petro Zone is a key objective.
RIICO intends to operationalize new nodes of the major Delhi–Mumbai Industrial Corridor (DMIC). These nodes are planned for Dausa and the Khuskhera-Bhiwadi-Neemrana Investment Region (BNIR), aiming to enhance connectivity and attract large-scale investments.
Operational Priorities and Policy Reforms
Shivangi Swarnakar, the Managing Director of RIICO, detailed other operational priorities for the corporation. A major focus will be on upgrading the existing infrastructure in current industrial areas to improve efficiency and appeal.
RIICO also plans to restart industrial activities in areas that were previously transferred. The corporation aims for a faster disposal of applications under the established 20C RIICO Disposal of Land Rules from 1979. Introducing greater flexibility in the land allotment regimes is another key goal to simplify processes for investors.
Enhanced Financing and New Policies
Swarnakar stated that RIICO aims to enhance financing options available to industries setting up in the state. The corporation will roll out new, targeted policies covering emerging and strategic sectors. These new policies will specifically address aerospace and defence, broader industrial development, semiconductors, and park promotion.
Legislative Support for Large Projects
Officials indicated that the proposed Land Aggregation Bill is expected to play a pivotal role in the state's industrial future. This legislation is designed to facilitate large-scale industrial projects by streamlining land acquisition and consolidation processes, making Rajasthan more competitive for major investments.
The combined strategy of leveraging recent sales success, implementing new infrastructure projects, and introducing supportive policies positions Rajasthan for significant industrial growth as it moves toward its 2026 goals.
