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Riico Industrial Area Bhiwadi Plots

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  • Location :

    Bhiwadi, Haryana 

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  • Price :

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Riico Industrial Area Bhiwadi Plots


Rajasthan State Industrial and Investment Corporation restricted was established in Gregorian calendar month 1980. The most functions of RIICO ar to produce up to date infrastructural facilities and services to the entrepreneurs and allot public land for economic development of Rajasthan. However, the organization has didnt meet its supposed objectives.

In 2011, a accountant and Auditor General of India report found that between 2005 and 2010, the organization planned to develop twenty six industrial estates having a area of 8,986 acres similar to quite 8,000 soccer fields. Further, the CAG reported that there was a delay of twelve years by RIICO in developing twelve industrial units having a pair of,445 acres of land. To boot, 2,159 acres of land non heritable by RIICO between 2005 and 2009 wasnt developed into industrial areas.

The corporation didnt take the possession of 2,014 acres of land despite paying the compensation quantity of ₹ 117 large integer to native landowners. As on March 2005, 8,224 acres of land was lying unused in twenty four industrial areas across the state manifesting the abject failure of the Rajasthan government to effectively use public land. RIICO conjointly didnt give to basic infrastructure facilities like street lighting, installation, and quality roads in industrial areas, that affected the economic growth within the state.

RIICO exploited the land they non heritable within the name of commercial development. From 2005 the land beneath proceeding or encroachment command by RIICO redoubled from 260 acres to 651 acres in 2010. The worth of the encroached land went up from ₹8 large integer to ₹83 large integer. The organization conjointly has no data concerning their own 1,540 acres of commercial areas.

If a personal company closely-held such immense tracts of land parcels, wouldn’t it defend them from encroachments and develop it for use? Solely a agency will afford to possess immense tracts of valuable land and its encroached upon and even forget that it owns the precious land.

There were intensive irregularities concerned within the allotment of land to firms for putting in place industries. In 2006, RIICO assigned ten acres of land to United Breweries restricted within the Chopanki Industrial space (Bhiwadi II). The land was reserved for hospitals, parks, and roads however was entertained for the noble purpose of production brew. RIICO sanctioned the plot for ₹1,000 per sq. m. However, the prevailing rate was between ₹1,590 per sq. m. and ₹1,800 per sq.m. This crystal rectifier to the loss of ₹1.36 large integer to Rajasthan taxpayers.

In 2007, RIICO assigned twenty five acres of land to a corporation within the Patherdi industrial space in while not mentioning the very fact that the land was beneath proceeding. The corporate couldnt undertake any industrial activity on the land. Further, RIICO assigned thirty acres of land to Orient Craft restricted to set-up business. However, the corporate failed to set-up something on the assigned land whereas it received undue favors of ₹85 hundred thousand by receiving associate degree direct rebate.

These are simply a couple of samples of irregularities happened in land allotment by RIICO. The inefficiencies within the functioning of RIICO have invariably been the case regardless of that government is within the power.

Irregularities at RIICO show however bureaucrats operating within the name of development misuse public resources for his or her personal gains. Within the 1st place, we tend to don’t even want industrial development companies like RIICO if weve got a restrictive surroundings contributory for doing business. Organizations like RIICO solely waste public resources that may are used far more with efficiency for the economic development of the country.



Bhiwadi, Haryana 


Riico Industrial Area Bhiwadi Plots