Under Rajasthan Investment Promotion Scheme
The Rajasthan Investment Promotion Scheme 2022 was announced by the Rajasthan government in October 2022. The policy seeks to create large-scale job opportunities. There is an added incentive to promote our rural and backward areas in order to enable inclusive and distributed development throughout the state.
The policy will be in effect as of the date of this order and will be in effect until March 31, 2027. The policy may be revised on an ongoing basis. Only new enterprises and expansion-related investments made after the RIPS 2022 launch, as well as other eligible existing investors as notified by the government from time to time, are eligible to apply for benefits under this policy.
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Rajasthan Investment Promotion Scheme 2022
The Rajasthan Investment Promotion Scheme 2022 was announced by the Rajasthan government in October 2022. The policy seeks to create large-scale job opportunities. There is an added incentive to promote our rural and backward areas in order to enable inclusive and distributed development throughout the state.
The policy will be in effect as of the date of this order and will be in effect until March 31, 2027. The policy may be revised on an ongoing basis. Only new enterprises and expansion-related investments made after the RIPS 2022 launch, as well as other eligible existing investors as notified by the government from time to time, are eligible to apply for benefits under this policy.
The Policy shall apply to the following types of enterprise(s) and investments, excluding those listed in Appendix (List 02):
- Both new and existing businesses are investing in and establishing new units.
- Existing businesses are investing in growth.
- Existing businesses that are eligible
- Unless otherwise specified in the policy, the enterprise must begin commercial production or operation during the policy’s operative period. Only investments and employment generated by a Rajasthan-based enterprise will be considered eligible for applicable incentives and boosters under this policy
Enterprises investing more than Rs 500 crore under the RIPS 2022 policy term will be able to choose a customised package. Eligible enterprises that invested under RIPS 2019 and applied for benefits but did not receive them will be given the option to do so under RIPS 2022. This is only applicable if the investment exceeds INR 100 Cr. and provides employment for at least 200 people (as per the guidelines for customised packages in RIPS 2019). For the remaining applicable tenure approved under RIPS 2019, all incentives will now be applicable based on RIPS 2022.
The Government of Rajasthan seeks to assist all of its focus categories with the potential for positive externalities in the state through the following incentive packages:
- 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