Rajasthan Takes Major Step to Boost Industrial Growth with New RIICO Land Policy: Gaurav Rungta

Jaipur (Rajasthan) [India], November 22: In a significant move aimed at boosting industrial investment, the Rajasthan government and the Rajasthan State Industrial Development and Investment Corporation (RIICO) have unveiled a progressive land policy designed to make industrial land more affordable and investor-friendly. High industrial land costs have long been a barrier in Rajasthan. Frequent hikes in reserve rates discouraged new investors and made it difficult for existing industries to expand in key industrial belts. Recognizing this challenge, RIICO has now decided to freeze land rate increases and introduce graded discounts on existing reserve rates: • Up to 3,000 sq. m.: existing rate continues • 3,000–10,000 sq. m.: 10% discount • 10,000–40,000 sq. m.: 15% discount • 40,000 sq. m.–2 lakh sq. m.: 20% discount • Above 2 lakh sq. m.: 40% discount “This is a long-awaited structural reform that addresses a core issue faced by industries,” said Gaurav Rungta, a leading industry expert and Managing Director of Man Structurals. “By stabilizing land prices and rolling out graded discounts, RIICO has paved the way for sustainable industrial expansion across Rajasthan.” The timing is strategic, with Pravasi Bharatiya Diwas scheduled in January. The policy is expected to attract both domestic and NRI investors, encourage new industrial setups, and support MSMEs. Analysts believe it will also generate employment and drive industrial growth beyond major cities, reinforcing Rajasthan’s position as a preferred investment destination.

Industry observers have welcomed the initiative, highlighting that the move prioritizes long-term industrialization over short-term revenue gains. By offering predictable land costs and investor-friendly terms, Rajasthan is now poised to showcase a strong commitment to sustainable industrial development and economic growth.

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