RIICO gets nearly 800 applications for 465 plots

Jaipur: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received nearly 800 applications for 465 industrial plots spread across around 294 acres, with an estimated value of about Rs 550 crore. The plots are offered under the direct allotment scheme of RIICO meant for MoU holders of the Rising Rajasthan investment summit.

Officials of the corporation said that the highest number of applications (267) was received for the Kankani Industrial Area, Jodhpur. To improve occupancy in underutilised industrial areas, RIICO has partially amended its flexible land lease and rental policy. Under the revised provision, industrial plots in areas where less than 25% allotment was achieved even after two attempts will now be offered at 60% of the prevailing rate or the reserve price, whichever is higher.

In the ninth phase, 25 applications were received for 22 plots offered at the concessional 60% rate, with Ajaymeru Palra Extension in Ajmer receiving the maximum interest. In the ongoing 10th phase, applications for such underutilised industrial areas rose sharply to 113.