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    2017-03-08 21:24:08
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    ⁠⁠⁠The Rajasthan State Industrial Development &. Investment Corporation (RIICO)  since its inception in 1969, has emerged as a multifaceted and dynamic institution. It has kept pace with the industrialisation process  in providing complete and innovative means of financial and investment support services.

    The corporation was incorporated on 28 March 1969 as RIMDC and got its present name on 1 January 1980. It has 26 offices in Rajasthan and one in Delhi and has staff strength of 1054. RIICO has so far developed 321 industrial areas by acquiring about 59,084 acres (239.10 km2) of land . More than 26633 industries are in production within the industrial areas developed by RIICO in Rajasthan
        
    RIICO is also the sole government agency in the state involved in development of land for industrial enterprises. Large, medium and small scale projects get an easy access to a ready-to-use base with supportive infrastructure facilities in the industrial areas, developed and managed by RIICO. The financial and vital infrastructural facilities provided by RIICO have contributed to promoting accelerated growth of industrial sector in the state.  
    Role  RIICO has played a catalytic role in the industrial development of Rajasthan. Services provided by RIICO to investors and entrepreneurs include:  
    Allotment of land and site selection   
    Financial assistance to medium and large scale projects  
    Direct equity participation in large projects  
    Technical consultancy for project identification and technical tie up  
    Escort services, facilitation of government clearances  
    Merchant banking and financial tie-ups  
    Extending incentives and concessions according to the policy of State Government
    More than 14,500 industries are in production within the industrial areas developed by RIICO in Rajasthan.  
    These include industry majors like Ericsson, Samcor Glass, Indian Shaving Products, Bausch & Lomb, Climate Systems, Modi Alkalies and Chemicals, Dabur (India), Haryana Sheet Glass among others.  
    RIICO also provides a unique financial package to investors for large and medium industrial projects, all under a single roof.

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