RIPS-2022

Rajasthan Investment Promotion Scheme 2022 (RIPS-2022)

In the intro of the scheme the government have the below objects to design the policy for improve development and promotion of the investment in the state of Rajasthan:
• To achieve annual growth rate of 15% in manufacturing and service sector
• To foster balanced development in undeveloped areas
• To create more employment opportunity for 10 lakh people by 2027
• Focusing and get a leadership in sunrise sectors like green hydrogen, alternative energy, medical devices etc.
• To become a pioneer in climate & sustainable green, renewable energy.

OPERATIVE PERIOD OF THE POLICY
The Policy shall come into effect from the date of issuance of this order and shall remain in force up to 31st March 2027. It may be revised time to time as needed.

APPLICABILITY OF THE POLICY:
The policy is applicable to below class of enterprises and investment made thereunder:
• For establishment of new unit by existing or new enterprises
• Existing enterprises investing for expansion as per annexure 14.1
• Eligible existing enterprises
• Enterprises made investment and generate employment in Rajasthan state are eligible under this policy for the benefits.

FOCUSED CATEGORIES:
The RIPS 2022 policy has simplified architectural to enable easier in understanding with considering the FOCUS category classified under RIPS 2019 to ensure there should not be any exclusion in the new policy.
The eight identified priority category under RIPS 2022 as under:
• Manufacturing
• Services
• Sunrise sectors
• MSMEs
• Startups
• Logistics Parks, Warehousing & Cold Chains
• R&D, GCC & Test Labs
• Renewable Energy Plants

INCENTIVE PACKAGES OR BENEFITS UNDER RIPS 2022:

Government of Rajasthan assist all focused category to maximize favorable externalities in the state:
Focused category wise benefits may be summarized as follow:

A) Incentive for Manufacturing Enterprises
• Standard Package 
• Additional or specific package for thrust sector

B)  Incentive for Service Sector Enterprises
• Standard Package 
• Additional or specific package for thrust sector
C)     Incentives for Sunrise Sectors 
D)    Incentives for MSMEs 
E)     Incentives for Startups 
F)     Incentives for Logistic Parks, Warehousing & Cold chain 
G)    Incentives for R&D, GCC & Test Labs 
H)    Incentives for Renewable Energy Plants 

ELIGIBILITY CRITERIA FOR MANUFACTURING ENTERPRIESES:

Any manufacturing enterprise (excluding negative list manufacturing units) investing minimum amount of INR 50 Crore will be eligible for the benefits of complete standard package as per the policy.
Additionally,
• If a manufacturing unit brings a minimum investment of INR 300 Crore or generate a minimum employment of 250 persons, will be fall in a mega project category and provided the investment more than INR 150 Crore will eligible for all incentive as part of their respective slab.
• If a manufacturing unit brings a minimum investment of INR 1000 Crore or generate a minimum employment of 750 persons, will be fall in a ultra mega project category and provided the investment more than INR 500 Crore will eligible for all incentive as part of their respective slab.
This policy will be applicable for new unit as well as for expansion of existing facility.

The expansion must be at least 25% of its existing investment and the expansion shall be increase its minimum 20% of existing production capacity. If the expansion meets the both condition will be eligible for the standard package benefits under the category of Large project.

Hence, the eligibility criteria is defined under the policy in three categories:
• Large Category
• Mega Category and
• Ultra Mega Category

Which may be better understand by below table;

Sr. No.

Project Category

Defined by investment range

 

Defined by combination of Investment and Employment

1

Large

Minimum INR 50 Cr. to Maximum 300 Cr.

 

 

OR

Minimum investment of INR 50 Cr. And 100 Employment

2

Mega

Minimum INR 300 Cr. to Maximum INR 1000 Cr.

Minimum investment of INR 150 Cr. And 250 Employment

3

Ultra Mega

Above INR 1000 Cr. 

Minimum investment of INR 500 Cr. And 750 Employment