Rajasthan Govt Empowers RIICO

The Rajasthan government has taken a significant step by empowering the Rajasthan State Industrial Development and Investment Corporation (RIICO) with new authorities. RIICO will now be responsible for developing not just industrial areas but also residential colonies, Special Economic Zones (SEZs), and food parks. This decision is part of the state's new land policy, which aims to streamline the allocation of government land for various projects, thereby speeding up their development. The move is anticipated to boost economic growth and attract more investments to the state. By directly allocating government land, the state government hopes to reduce bureaucratic hurdles and make the process more efficient.