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Riico Plots Available
SPECIAL LAND FOR IT INDUSTRIES
RIICO is extending a special land package to those units as per the small print given below:
a. Major IT software system corporations (Annual turnover quite Rs.100crores from software system
Land allotment at four-hundredth of prevailing industrial rate in IT Park and different specially selected IT zones provided the unit makes a minimum mounted investment of Rs.10crores on the land assigned at intervals a amount of four years from the date of allotments.
b. Major IT hardware corporations (Annual turnover quite Rs.200crores from IT hardware activities)
Land allotment at four-hundredth of prevailing industrial rate in EPIP, physics Zone at Industrial space, Kukas and Sitapura, Electronic Zone, Kota or the other specially selected zones provided the unit makes a minimum mounted investment of Rs.50 crores on the land assigned at intervals a amount of five years from the date of allotment.
c. General IT software system units.
To General IT software system units having assigned land up to five acres in IT Park, Jaipur and different specially selected IT zones a four-hundredth direct discount on prevailing industrial rate is allowed. The unit can get further discount of 100% if it commences business production at intervals 3 years from date of allotment of land.
d. General IT hardware units.
General IT hardware units are extended twenty fifth rebated ashore upto five acres in any industrial space for putting in comes at intervals three yeas from date of allotment of land.
e. Advanced IT Institutes
Land upto five acres for Advanced IT Institutes, giving MCA/BE or equivalent courses could also be assigned in IT Park, Jaipur and different specially selected zones at five hundredth of prevailing industrial rate. The institutes shall start operation at intervals three years of allotment of land and little create minimum mounted investment of Rs.5 crores at intervals five years.
f. General laptop coaching Institutes
Land could also be assigned to general IT institutes in any RIICO industrial areas at the prevailing industrial rate.
Note: The higher than concessions are subject to the payment of full development charges created at intervals sixty days of allotment of land otherwise the concessions shall be lowered by five-hitter points. Conjointly no different rebates/incentives shall be applicable to those IT comes.
INFORMATION TECHNOLOGY PARK, SITAPURA
A large data Technology Park has been promoted at EPIP, Sitapura, Jaipur, within which settled house and developed plots at cheap costs would be created on the market. Production Incentive of fifty of land value is being provided to entrepreneurs whose units get into business production at intervals 2 years of land allotment during this park.
An Earth Station has been come upon within the Park to produce state of art high speed electronic communication facility.
For enhancing convenience of laptop professionals 2 advanced Computing Institutes are beneath active implementation within the I.T. Park.
Computer software system is being thought of as associate in business for the aim of all incentives and concessions. Software system units are being thought of as industrial customers and electricity tariff is levied consequently. This business is exempted from the provisions of pollution management laws.
In order to push integrated agro-industrial complexes, the government has proclaimed a policy beneath those barren upto five hundred hectares is often assigned. In special cases, barren even up to a thousand hectares are often thought of for allotment. The allotments beneath the theme are created when a techno-economic appraisal of the project.
A Centre for Development of Stones (C-Dos) has been come upon by the government and RIICO with the active association of business. Itll shriveled as a centre for coaching, research, technological dissemination and different activities to support the expansion of dimensional stone business on a property basis. Annual buyer-seller meets/stone fairs are organized untidily with business Associations and interested foreign collaborators. RIICO, for putting in of this Centre, has provided land in Sitapura Industrial space close to the EPIP.
An International Exhibition complicated seminal fluid Convention Centre is projected to be came upon at Sitapura, Jaipur. This may be a venture project between RIICO and personal sector. The government would contemplate a special package of concessions for the institution of this prestigious complicated. However, exemption from recreation tax on the recreation entries within the complicated shall be exempted for a amount of fifteen years.
Exemption from Power Cut
• New industrial units having connected load no more than three hundred KVA, are exempted from power move the extent possible.
• 100% EOUs the investment of that is quite Rs.10crores are 10% exempted from power cuts.
• Units came upon in EPIP/Export Zone/IT Park is exempted from power cuts.
NO MINIMUM CHARGES FROM NEW INDUSTRIAL CUSTOMERS
Small scale and medium scale units with power load to a hundred and fifty are exempted from payment of minimum charges for a amount of 1 year from the date of power association and can be needed to pay just for the particular consumption.
Large industrial land customers are allowed to pay the particular consumption charges for an amount of six months from the date of unleash of association and for next six months the patron is allowed relaxation in minimum charges to the extent of fifty. The patron shall be needed to pay the particular consumption charges of fifty of minimum charges whichever is higher.
Captive power plants are freely allowable. Rural feeders are reborn into industrial feeders during a phased manner. Disconnected sick units when revival by constant promoter can pay solely 1/3rd of minimum charges of actual consumption whichever is higher for the amount of illness as certified by RIICO/RFC.
SPECIAL THEME FOR HOTELS/AMUSEMENT PARKS/CINEMAS
An interest grant of 5%will incline on loan sanctioned by RIICO/RFC to approved Heritage building comes in any respect places in Rajasthan.
Interest grant of fifty are given on loans sanctioned by RIICO/RFC to approved one, a pair of and three star building comes in special areas (e.g. Jaisalmer, Jodhpur, Bikaner, Barmer). In different areas/places, the interest grant of three is given.
5-year-100% exemption from recreation tax for amusement parks, water parks etc.
New Cinema Halls exempted from recreation tax for five years.
HOW TO GET LAND
Allotment for land is completed by Regional workplace on constant day once approached by the businessperson. Some notional formalities ar as follows:
1. Get involved with RIICO’s Regional workplace or Head workplace at Jaipur or metropolis workplace and have the land allotment form cost accounting Rs.100 solely (Rs.150 just in case of EPIP, Jaipur)
2. Fill within the land application from readably giving all attainable details needed in this.
3. Deposit the safety cash at the speed of 1 Chronicles of the prevailing rate of development charges, for no matter by your land demand subject to minimum quantity of Rs.2500.
4. Attach a draft for twenty fifth of the event charges calculated on the premise of the speed proclaimed for the commercial space and therefore the size of plot needed. The businessperson would be needed to form payment of the remainder seventy fifth of the event charges at intervals sixty days of the allotment of plot.
LAND ON INSTALMENTS
A facility has been provided to the entrepreneurs to form twenty fifth payment of the event charges with the applying and therefore the rest seventy fifth during a amount of five years in nineteen equal quarterly installments with V-day interest each year.
RIICO offers following concessions and facilities for land requirements/allotment at its numerous industrial areas:
1. Land allotment to scheduled Castes and scheduled Tribes at five hundredth backed rate of allotment upto a most of two,000 sq. mts. Of allotment in Associate in Nursing industrial space.
2. 2 hundredth rebate in land rates for putting in Associate in Nursing industry upto a most of four,000 sq. mts. of allotment.
3. V-day rebate in land rates to physically incapacitated and disabled persons hungry of putting in their business upto a most of two,000 sq. mts. of allotment in Associate in Nursing industrial space.
4. twenty fifth rebate in land rates to ex-servicemen and a couple of reservation in allotment for ex-servicemen, up to 2,000 sq. mts.
5. 100% rebate in land to girls entrepreneurs, up to 2,000 sq. mts.
6. A rebate of 100% in land rates just in case of allotment of plots measurement ten,000 sqm. Shall incline. If space is quite ten,000 sqm. then, further rebate of zero.5% per 1,000 sqm. Most rebate shall be twenty fifth if the allottee opts for a plot of 40,000 sqm. or above. If the allottee of the plot measurement 40,000 sqm. or additional envisages Associate in Nursing investment of Rs. 50crores or additional, then, further rebate of 100% over and higher than twenty fifth shall incline.
For putting in Power comes the limit of investment mentioned higher than would be Rs.25crores rather than Rs.50 crores.
The allotment, transfer, mortgage, sub-letting and sub-division procedures are simplified. For example, full powers are delegated to the RIICO’s Regional Managers for creating speedy call concerning allotment, regularization and transfer.
One necessary call is that the building plans of business plot sizes upto forty,000 sq. mtr., residential plot upto five hundred sq. mtr. And business plot upto three hundred sq. mtr. wont need any approval. Solely certificate of allottee shall be enough for approval. For larger sizes of plots, maps shall be approved by registered architects.
If associate in businessperson desires to convert land on the far side the outer boundary of one klick of RIICO Industrial space, no secret agent would be needed. Peripheral development charges have conjointly been reduced from twenty five to ten per cent.
Vacant business plots in RIICO areas will currently be allowed to be freely transferred on payment of five per cent transfer charges. Earlier, special class of allottee happiness to scheduled castes, ex-servicemen and ladies entrepreneurs were assigned land on concessional rates. currently theyre going to be allowed concessional rates even for partnership and personal restricted corporations, provided all the persons/directors belong to constant class.
INCENTIVES TO INFRASTRUCTURE
Infrastructure sector has received a brand new boost following some concrete incentives being provided to that by the govt of Asian country. Theyre expected to push enlargement of quality infrastructure within the country. The incentives are:
• 5-year Tax vacation for any enterprise that builds, maintains and operates infrastructure facilities within the space of Highways, Expressways and new Bridges, Airports, Ports, speedy Mass Transport Systems, Irrigation, installation, Sanitation, and Sewerage Systems.
• This Tax vacation are on the market to enterprises that start operation when one April, 1995.
• Dividends, interest on long run capital gains on Infrastructure funds exempted from tax.
• Under section 80-IA of the tax Act, new industrial undertakings, building and Shipping