RIICO management has implemented the direct land allotment scheme to allot land to entrepreneurs who sign MoU with the state government during Rising Rajasthan Global Investment Summit-2024 to easily set up industries.Industrial plots will be allotted under this scheme to the entrepreneurs who have signed MoU during Rising Rajasthan as per their eligibility. An online portal has been developed by RIICO for allotment of land on which entrepreneurs will be able to apply online through SSO ID.
It is noteworthy that investors and entrepreneurs from India and abroad participated in the Rising Rajasthan Global Investment Summit- 2024 organized by the state government and a record number of MoUs were signed. To bring these MoUs to fruition, attract investments and provide facilities to entrepreneurs, the state government prepared a policy framework and issued various policies like Rajasthan MSME Policy-2024, Rajasthan Export Promotion Policy-2024 and Rajasthan One District One Product Policy-2024.
RIICO has also taken an important step towards promoting industrialization in the state and converting the MoUs signed during the Rising Rajasthan Global Investment Summit-2024 into investment, under which a direct land allotment scheme has been prepared and approved by RIICO for setting up industrial units in industrial areas.
The entrepreneurs who have executed the MoU will be able to apply online with the project report and EMD for a maximum of three plots of different areas (in order of priority) at the prescribed reserve rate of the plot in the identified industrial areas of RIICOFor this, the entrepreneur can, as per his interest, give option for maximum three plots in the same industrial area or in different industrial areas in order of preference.
All the applications would be evaluated on the basis of factors like proposed permanent capital investment, employment to be provided, production time frame, experience in running the industry, export oriented unit, land requirement for expansion of the existing unit and turnover etc. as described in the project report submitted by them. On the basis of this evaluation, the applicant securing the maximum marks will be allotted a single plot in the first preference order. The entrepreneur/group signing the MOU will be allotted a single plot.
In case more than one applicant has same maximum marks for a plot, such marked plot will be allotted to the applicant proposing maximum investment.In case more then one applicant has got maximum marks for a plot, such marked plot will be allotted to the applicant proposing maximum investment.
MSMEs to get 50% saleable industrial land (including reserved plots) through online e-lottery in new industrial areas set up by RIICO at the prevailing rate of industrial area located in subdivision or rural areas identified under Rising Rajasthan Global Investment Summit-2024, Those who have signed the MoU will be allotted industrial plots. Here too, the plots will be allotted on the basis of the project report submitted by them.
Principal Secretary, Industries and Commerce Department and Chairman of RIICO, Mr. Ajitabh Sharma said that for a long time, there was a demand of the entrepreneurs that RIICO should do direct allotment along with e-auction so that land can be made available at a reasonable price.Rajasthan government also showed a positive attitude towards this and gave guidelines in this regard. Thereafter, RIICO has prepared a direct allotment scheme through which not only at affordable prices but also real entrepreneurs will be able to get land in industrial areas. Entrepreneurs will also benefit from this schemeThat there will be time saving in the land allotment process and entrepreneurs will be able to set up their projects soon. This is a new and positive initiative of the state government towards attracting investment and providing convenience to entrepreneurs.
Managing Director of RIICO, Mr. Indrajit Singh said that applications will be sought through online portal to ensure complete transparency and allotment of plots on merit basis. Guidelines related to the scheme have been prepared. At the same time, the unit offices of RIICO have also been made aware of the direct allotment scheme and guidelines, so that the allotment of plots in industrial areas can be settled within a stipulated time frame.