📷 Image: Wikimedia Commons / KanishkaGoyalOfficial
Business
Rajasthan Suspends Goyal Fashions' Investment Incentives Amid ACB Investigation
✍️ Asianet Newsable
🗓 03 Nov 2026, 12:46 PM
👁 14
The Rajasthan government has halted all investment incentives for Goyal Fashions as the Anti‑Corruption Bureau probes the company’s dealings.
The Rajasthan government announced today that it will suspend all investment incentives granted to Goyal Fashions pending the outcome of an ongoing investigation by the Anti‑Corruption Bureau (ACB). The decision comes after the ACB opened a probe into the company’s financial transactions and alleged irregularities in its investment approvals.
Under the state’s investment promotion scheme, Goyal Fashions had previously received tax rebates and other benefits to encourage industrial development in the region. The suspension means the company will no longer be eligible for these incentives until the investigation is concluded.
Officials said the move was taken to ensure transparency and uphold the integrity of the state’s investment framework. The ACB is expected to complete its inquiry within the next few weeks, after which the government will reassess the company’s eligibility for incentives.
Under the state’s investment promotion scheme, Goyal Fashions had previously received tax rebates and other benefits to encourage industrial development in the region. The suspension means the company will no longer be eligible for these incentives until the investigation is concluded.
Officials said the move was taken to ensure transparency and uphold the integrity of the state’s investment framework. The ACB is expected to complete its inquiry within the next few weeks, after which the government will reassess the company’s eligibility for incentives.