The government of Rajasthan on 7th October 2022, has notified the Rajasthan Investment Promotion Scheme 2022. The policy aims to generate large-scale employment opportunities. There is an additional impetus to promote our rural and backward areas to enable inclusive and distributed development across the State.
The Policy shall come into effect from the date of issuance of this order and shall remain in force up to 31st March 2027. The policy may be periodically revised from time to time. New enterprises / expansion related investments made after the launch of the RIPS 2022 and other eligible existing investors as notified by the government from time to time are eligible to apply for benefits only under this policy.
The Policy shall be applicable to the following classes of enterprise(s) and investment, excluding investment mentioned in Appendix (List 02): –
- New and existing enterprises investing and establishing new units
- Existing enterprises investing in expansions.
- Eligible existing enterprises
The enterprise needs to commence commercial production or operation during the operative period of the Policy unless otherwise specified in the Policy. Only investments made and employment generated by an enterprise in Rajasthan will be considered as eligible investment / employment for applicable incentives and boosters under this policy.
Enterprises investing more than rupees five hundred crore under the RIPS 2022 policy term will be eligible to opt for a customized package. Eligible enterprises who had invested under RIPS 2019 and had applied for benefits but not availed the same, will be provided the option to avail incentives under RIPS 2022. This is provided the investment size is above INR 100 Cr. and is generating employment for at least 200 employees (as per the guidelines for customized packages in RIPS 2019). All incentives will now be applicable basis RIPS 2022 for the remaining applicable tenure approved under RIPS 2019.
Through the following Incentive Packages, the Government of Rajasthan seeks to assist all its focus categories with the potential to have favorable externalities in the State:
- Incentives for Manufacturing ( Standard Package/Additional package for thrust sectors)
- Incentives for MSMEs
- Incentives for Startups
- Incentives for Logistic Parks, Warehousing & Cold chain
- Incentives for Renewable Energy Plants. etc
