Jaipur: Following the announcement by chief minister Bhajan Lal Sharma, RIICO will allow entrepreneurs to acquire plots in 30 designated industrial areas at 60% of prevailing rates, on a lease period of 33 years.This move is expected to significantly reduce the cost of setting up industries. Additionally, under the direct allotment scheme, the payment period for land has been extended from three years to five years, enabling investors to pay in 19 quarterly instalments.To further ease industrial transactions, the transfer charge on sale of plots after production has been reduced from 1% to 0.5%, while the activity conversion fee for weighbridge operations has been cut to three-quarters of the existing rate, providing additional relief to entrepreneurs.RIICO will also introduce plug-and-play facilities and land for fixed use at an annual rent of just 5% of the prevailing rate, for periods ranging between 20 and 25 years. This is expected to encourage faster industrial activity in these zones.In a significant policy shift, RIICO will extend term loans not only for industrial projects but also for real estate ventures, boosting infrastructure development and creating new employment opportunities.RIICO MD Shivangi Swarnkar highlighted that special emphasis is being placed on strengthening basic infrastructure such as roads and power supply in industrial areas.She announced that works worth Rs 400 crore have been sanctioned for the development of over 25 new industrial zones. In addition, administrative and financial approval of Rs 25.70 crore has been issued for setting up 12 new fire stations and procuring 37 fire tenders.
