Rajasthan to Develop 14 New Industrial Areas Ahead of 'Rising Rajasthan' Summit
Team Finance Saathi
04/Sep/2024

Key Points:
Rajasthan Government is developing 14 new industrial areas to enhance the state’s manufacturing sector.
RIICO is overseeing the creation of these areas, including Kankani, Bichoon, Salarpur, and Keru.
The upcoming Rising Rajasthan investment summit in December aims to showcase the state’s industrial opportunities.
Kunjbiharipura and Boranada Extension are notable projects near Jaipur and Jodhpur, respectively.
The state has already developed 419 industrial areas with over 44,400 functional units.
The draft export policy focuses on sectors like gems, textiles, and agro-processing.
The Rajasthan government is undertaking a significant initiative to bolster its industrial landscape by developing 14 new industrial areas across the state. This strategic move is part of a broader effort to enhance the state's manufacturing sector and ensure the success of the Rising Rajasthan investment summit scheduled to take place in Jaipur this December.
The Rajasthan State Industrial Development & Investment Corporation (RIICO) is spearheading this development, with plans to establish new industrial areas in key locations such as Kankani, Bichoon, Salarpur, and Keru. These areas will be spread across 11 cities, including regions near Udaipur, Kota, Rajsamand, and Pali. The development is expected to create a robust infrastructure for industries, thereby facilitating growth in various sectors.
Rajasthan's industrial expansion is supported by its vast pool of manpower and a significant captive market for industries. The state’s manufacturing sector contributes approximately 24% to its Gross State Domestic Product (GSDP), reflecting its vital role in the state's economy. RIICO has previously developed 419 industrial areas across the state, housing over 44,400 functional industrial units, underscoring its commitment to fostering industrial growth.
Among the notable developments, the Kunjbiharipura industrial area near Jaipur will span 1,213 acres. Its proximity to Jaipur is anticipated to attract investments in sectors like FMCG, automobile, and heavy engineering. Similarly, the Boranada Extension Industrial Area near Jodhpur is earmarked for industries such as textiles, handicrafts, and agro-processing.
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Rajasthan’s draft export policy highlights key sectors for export focus, including gems and jewellery, textiles, apparel, handicrafts, dimensional stone, agro and food processing, and auto components. The new industrial areas are set to concentrate on these focus sectors, aiming to bolster the state's position in both domestic and international markets.
In preparation for the Rising Rajasthan summit, the state government is actively organizing roadshows and investor meetings. The first investor meeting, held in Mumbai, resulted in the signing of investment MoUs worth over ₹4.5 trillion with the Bureau of Industrial Promotion (BIP). BIP, the nodal department for the summit, is working to attract global investment, innovation, and partnerships to Rajasthan.
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