RIICO portal launched for land applications in Rajasthan

The RIICO portal opened today for investors from the Rising Rajasthan Global Investment Summit to apply for land. The application period runs until March 28, 2025, with 98 industrial areas and nearly 7,000 plots available. A new Direct Land Allotment Scheme aims to streamline the process for entrepreneurs who signed memorandums of understanding during the summit. Land will be allotted at reserved prices, with restrictions to prevent transfer to third parties. Allotments will be direct for single applicants of smaller plots, while multiple applicants will enter an e-lottery. Projects must begin production within two to three years, depending on environmental clearance requirements.