RIICO sells plots worth Rs 4k cr riding on RR MoU demand

Jaipur: Rajasthan State Industrial Development and Investment Corporation (RIICO) sold plots worth over Rs 4,000 crore in the past 20 months, riding on Rising Rajasthan investment summit MoUs.It sold 3,150 plots during the period, compared to 2,125 in the last two years of the Congress regime, registering a growth of 48%, according to data from RIICO.
Building on this momentum, RIICO outlined an ambitious agenda for 2026.Industries minister Rajyavardhan Rathore said, "The state govt prepared its own roadmap for the year 2026. This includes the development of MSMEs, strengthening of DICs, expansion of textile parks (Bhilwara), and development of the pharmaceutical cluster (Chaksu)."Key focus areas also include the development and opening of the Japanese Manufacturing Industrial Area (JPMIA), a textile park in Bhilwara, a defence manufacturing zone, and Rajasthan Petro Zone.The corporation also plans to operationalise new nodes of the Delhi–Mumbai Industrial Corridor (DMIC) at Dausa and Khuskhera-Bhiwadi-Neemrana Investment Region (BNIR).Shivangi Swarnakar, MD of RIICO, said, "Other priorities include upgrading infrastructure in existing industrial areas, restarting activities in transferred areas, faster disposal of applications under the 20C RIICO Disposal of Land Rules, 1979, and introducing greater flexibility in land allotment regimes."She said, "RIICO also aims to enhance financing options and roll out new policies covering aerospace and defence, industrial development, semiconductors, and park promotion."The proposed Land Aggregation Bill is also expected to play a key role in facilitating large-scale industrial projects in the state, officials said.