As part of Rajasthan government's efforts to facilitate participating investors of Rising Rajasthan, RIICO has come out with the much awaited direct land allotment policy in which investors can get desired land at prevailing rates without going through bids.
This policy will help attract large investment in industries sector which generate huge employment opportunities. Rajasthan chief minister Bhajan Lal Sharma is gungho about the success of Rising Rajasthan event which has attracted unprecedented investment commitments of Rs 36.4 lakh crore. Sharma is personally monitoring the implementation of the MoUs signed in the summit.
The direct land allotment policy is just a manifestation of Sharma's wish to see commitments fructifying on ground. The policy will not only save time and efforts of investors but also lower down the cost of investment making their projects more viable.
The team of RIICO chairman Ajitabh Sharma and managing director Inderjeet Singh has made several initiatives in last couple of days to pave in ease of doing business in the state.
Right from identifying land for creating new industrial zones to tweaking policies to attract large scale investments, both the officers are working to see investment commitments hitting the ground.
“This has been a long pending demand of investors. Direct land allotment will help genuine investors to start their plants at desired location in a quick time. Government has shown its intent to help all those who have shown interest in the state and signed MoUs during Rising Rajasthan,” said RIICO chairman Ajitabh Sharma.
RIICO managing director Inderjeet Singh said that land allotment under this policy will be executed with complete transparency based on merit.
“The entire mechanism will be online. Applications will be submitted on portal and every possible aspects have been taken into consideration to complete the allotment process in time,” said Inderjeet Singh.
How the policy will work?
Under this new policy, investors who have signed MoUs during Rising Rajasthan will have to apply for land in a particular RIICO industrial area with three options.
In the identified RIICO industrial areas and those in rural part of the state, 50% allotment will be made to micro, small and medium enterprises (MSME).
RIICO has fixed various parameters including the amount of capital investment, turnover, number of jobs creation, turnover of previous three years and woman entrepreneur among others. Each parameter has fixed points which will help RIICO to prioritise allotment based on merit.
Allottees will have to start plant within three years time.
Vivek Shukla is a management graduate who has worked in corporate worked for 20 years and is now pursuing his passion — news.
