Rajasthan's Strategic Land Reforms to Boost Manufacturing Sector

New Delhi:

Rajasthan is set to introduce comprehensive land reforms aimed at enhancing the availability of land for greenfield manufacturing projects. Ajitabh Sharma, Principal Secretary (Industries) of Rajasthan, announced that the state has received significant investment proposals, including ₹5.2 lakh crore for renewable energy equipment and petrochemical manufacturing, ahead of the Rising Rajasthan Investment Summit.

To facilitate these investments, Rajasthan is preparing to implement a Private Land Aggregation Bill, which will enable landowners to become active partners in the state's industrial growth. Under this initiative, groups of landowners will pool portions of their land, which will then be developed by the Rajasthan State Industrial Development and Investment Corporation (RIICO).

Although the original landowners will retain only 25-35% of the land, its value is expected to increase significantly post-development by RIICO. The state is also formulating policies to support the establishment of private industrial parks, addressing infrastructure challenges in remote areas.

These reforms are anticipated to provide better investment opportunities, particularly in regions near the National Capital Region (NCR), where land availability has become increasingly scarce.