RajasthanState Industrial Development and Corporation (RIICO) has launched eight new industrial areas in as many divisions of the state to facilitate local entrepreneurs to establish ventures using Resources in their areas.
While presenting the Budget for 2023-24, chief ministerAshok Gehlothad announced to open 50 industrial zones in the current year. In the past two financial years, the State Government has announced 96 industrial areas which are at various stages of development.
While the land plots would be allotted through auctions, preferential allotment is also on the cards.
In fact, RIICO has made a provision to allot plots in industrial areas to local entrepreneurs on preferential basis, although the number of plots would be limited.
While investors outside the state participate in the auctions keeping in view their projects, the local Industry, which is mostly in the MSME sector, finds it unviable to match the prices.