Jaipur, January 04,2025.
After the state govt’s clearance, RIICO board on Friday approved a direct land allotment scheme for the projects for which MoUs were signed during the Rising Rajasthan Global Investment Summit. Earlier, land was alloted through auctions, making it costlier for entrepreneurs.
In a statement, RIICO said an online portal has been developed by it for the entrepreneurs to apply for land allotments. During the run-up to the summit, investors and entrepreneurs from India and abroad signed a record number of MoUs worth Rs 35 lakh crore.
Entrepreneurs who have executed MoU will be able to apply online for a maximum of three plots of different size at the reserved rate of land in the identified industrial areas of RIICO along with project report and proof earnest money deposits. For this, the entrepreneurs can give the option for maximum three plots in the same industrial area or in different industrial areas in priority order as per their interest.
All applications will be evaluated on factors like proposed permanent capital investment, employment generation, production time limit, experience of running the industrial ventures, export oriented unit, requirement of land for expansion of the existing unit and turnover etc.
Based on evaluation report, the applicant getting maximum marks will be allotted only one plot in the first priority order. Only one plot will be allotted to the entrepreneur who has signed MoU, said RIICO. In case of multiple investors getting maximum marks, highest investment will be preferred.
If first priority applications are not received for any plot, then second and third priority applications will be considered respectively. MSMEs who have signed MoUs will be allotted industrial plots in 50% saleable industrial land (including reserved plots) in new industrial areas of RIICO through online lottery.
Principal secretary, (Industries) and RIICO chairman Ajitabh Sharma said that for a long time, entrepreneurs had been demanding that RIICO should make direct allotments instead of e-auctions so that land is available at a reasonable price. RIICO introduced the direct allotment scheme so that investors can get land at an affordable price. Sharma added that this scheme will also benefit entrepreneurs as they will save time in getting land. tnn
Jaipur: After the state govt’s clearance, RIICO board on Friday approved a direct land allotment scheme for the projects for which MoUs were signed during the Rising Rajasthan Global Investment Summit. Earlier, land was alloted through auctions, making it costlier for entrepreneurs.
In a statement, RIICO said an online portal has been developed by it for the entrepreneurs to apply for land allotments. During the run-up to the summit, investors and entrepreneurs from India and abroad signed a record number of MoUs worth Rs 35 lakh crore.
Entrepreneurs who have executed MoU will be able to apply online for a maximum of three plots of different size at the reserved rate of land in the identified industrial areas of RIICO along with project report and proof earnest money deposits. For this, the entrepreneurs can give the option for maximum three plots in the same industrial area or in different industrial areas in priority order as per their interest.
All applications will be evaluated on factors like proposed permanent capital investment, employment generation, production time limit, experience of running the industrial ventures, export oriented unit, requirement of land for expansion of the existing unit and turnover etc.
Based on evaluation report, the applicant getting maximum marks will be allotted only one plot in the first priority order. Only one plot will be allotted to the entrepreneur who has signed MoU, said RIICO. In case of multiple investors getting maximum marks, highest investment will be preferred.
If first priority applications are not received for any plot, then second and third priority applications will be considered respectively. MSMEs who have signed MoUs will be allotted industrial plots in 50% saleable industrial land (including reserved plots) in new industrial areas of RIICO through online lottery.
Principal secretary, (Industries) and RIICO chairman Ajitabh Sharma said that for a long time, entrepreneurs had been demanding that RIICO should make direct allotments instead of e-auctions so that land is available at a reasonable price. RIICO introduced the direct allotment scheme so that investors can get land at an affordable price. Sharma added that this scheme will also benefit entrepreneurs as they will save time in getting land
