Rajasthan's Industrial Boom: RIICO Reports 45% Rise in Plot Allotments
In a significant boost to Rajasthan's industrial landscape, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has recorded a sharp increase in the sale of industrial plots. Data reveals that RIICO sold 3,055 industrial plots during the financial years 2024-25 and 2025-26. This marks a substantial 45% growth compared to the 2,105 plots allotted in the preceding two financial years under the previous Congress government.
Policy Reforms and Investor-Friendly Measures Drive Growth
Officials from the state's industries department have attributed this surge to a series of strategic policy changes and reforms linked to the Rising Rajasthan Global Investment Summit. According to a senior RIICO official, these initiatives have streamlined land allocation processes, enhanced infrastructure provisioning, and significantly improved the ease of doing business in the state. "The reforms have created a more conducive environment, encouraging both domestic and global investors to establish units in Rajasthan," the official stated.
In addition to the increased plot sales, RIICO has also expanded its industrial footprint by opening 33 new industrial areas over the past two years. Key measures implemented include offering plots in underutilized regions at 60% of the prevailing or reserve price and reducing lease periods from 99 years to 33 years, making land acquisition more accessible and affordable for businesses.
Industry Leaders Applaud Infrastructure and Policy Push
Suresh Agarwal, President of the Federation of Rajasthan Trade and Industry, emphasized the positive impact of these developments. "The combination of a strong policy push and extensive infrastructure expansion has played a crucial role in boosting investor sentiment across the state," he remarked.
To further sustain this momentum, RIICO has extended the validity of its direct allotment scheme until December 31, 2026, aligning with state government announcements. The corporation has also relaxed rules for Memorandums of Understanding (MoUs) associated with the Rising Rajasthan Global Investment Summit. MoU holders are now permitted to submit agreements up to the last date of the earnest money deposit, even after the scheme phase has commenced.
Land-Use Reclassification Opens New Opportunities
In a move to maximize industrial utilization, RIICO has allowed changes in land-use categories within select industrial zones. Areas previously reserved for specific industries have been opened for general industrial use, fostering greater flexibility and growth.
- The Manpur Macheri industrial area in Jaipur, once designated exclusively for leather units, has been reclassified to accommodate a wider range of general industries.
- Parts of the Integrated Resource Recovery Park at Tholai in Jaipur and the Medical Device Park at Boranada in Jodhpur have also been made available for broader industrial applications.
- The newly reclassified section at Boranada has been named "Industrial Growth Park Boranada Extension," symbolizing the state's commitment to industrial expansion.
RIICO officials expressed confidence that these continued policy adjustments will further solidify Rajasthan's position as a leading industrial hub in India. The state government believes that such reforms are essential for attracting sustained investment and driving economic growth in the region.
