JAIPUR: Chief Minister Bhajan Lal Sharma has announced that RIICO will permit entrepreneurs to secure plots in 30 identified industrial areas at 60% of current rates, with a lease term of 33 years.
This initiative is anticipated to significantly lower the costs of establishing industries. Furthermore, the payment duration under the direct allotment scheme has been extended from three to five years, allowing investors to pay in 19 quarterly installments.
To facilitate industrial transactions, the transfer fee for plot sales post-production has been halved from 1% to 0.5%. Additionally, the conversion fee for weighbridge operations has been reduced to 75% of the existing rate, providing further relief to business owners.
RIICO will also introduce plug-and-play facilities and land available for fixed use at an annual rent of just 5% of the prevailing rate, for terms of 20 to 25 years, promoting quicker industrial development in these zones.
In a noteworthy policy change, RIICO will extend term loans for both industrial and real estate projects, enhancing infrastructure development and generating new job opportunities.
RIICO MD Shivangi Swarnkar emphasized the focus on bolstering essential infrastructure such as roads and power supply in industrial zones. She revealed that Rs 400 crore has been allocated for the development of over 25 new industrial zones, and Rs 25.70 crore has been approved for establishing 12 new fire stations and purchasing 37 fire tenders.
