Special Issue on RIICO's Sustained Growth 2009-2011
the Catalyst The Official Newsletter of RIICO
February, 2012
RIICO – The Catalyst for Industrialisation rom simplifying procedures and making access to land easier, to facilitating industrial clusters and concessional credit to entrepreneurs, the Rajasthan State Industrial development and Investment Corporation (RIICO) has taken a number of innovative decisions in the past few years to attract investment into the state. An apex corporation of the Government of Rajasthan, mandated to play a catalytic role in the industrial development in the state, RIICO also develops and manages industrial areas, constantly upgrading its facilities and services to keep in step with the requirements and expectations of the entrepreneurs. Each large, medium or small-scale enterprise gets easy access to a ready-to-use support from the agency with welldeveloped infrastructure facilities in the industrial areas. This apart, another unique role played by RIICO is to provide financial services to assist entrepreneurs set up their units, contributing much to accelerating the state's industrialisation.
"An organisation professional to the core"
F
SIMPLIFICATION OF LANDS RULES AND PREFERENTIAL ALLOTMENT OF LANDS A case point is Rule 3 (W) of RIICO Disposal of Land Rules, 1979. Its provisions allow preferential allotment of land to focused categories of applicants on ongoing basis. Its provisions were earlier applicable to industrial land allotment in the National Capital Territory and state capital Jaipur alone. Now, these provisions have been made applicable to all industrial areas, irrespective of their location. Applicants who are allowed preferential allotment are: • Those with projects having investment of Rs.20 crore and above • Projects by Non-Resident Indians (NRIs) or People of Edited & published by Suneet Mathur, OSD (Infra/Fin.), for RIICO. For private circulation only. Printed at Print 'O' Land, JPR
RIICO is an apex organisation of the State and has contributed immensely to Rajasthan's industrialisation. Ever since its formation in 1969, it has gone from strength to strength. I am happy to note the thorough professionalism with which its officers and staff perform. It has done well to post an all-time profit of Rs. 291 Crore in the past year. The Corporation has been instrumental in developing industrial areas/EPIPs/SEZs and providing financial assistance to industries. It also organises major international fairs like India Stone Mart, Ceraglass and in this year itself the first internationl fair on textiles in Rajasthan is on the anvil. My best wishes to the special issue of the catalyst. Rajendra Pareek Industries Minister