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Investment Promotion Policy: RIPS 2024 and Rising Rajasthan
Rajasthan Investment Promotion Scheme (RIPS) 2024
The Rajasthan Investment Promotion Scheme 2024 replaced the earlier RIPS 2019. It is the primary policy instrument for attracting industrial investment into Rajasthan, offering time-bound fiscal and non-fiscal incentives to enterprises setting up new units or expanding existing ones.
Key features of RIPS 2024:
- Investment subsidy: Capital subsidy on fixed capital investment, tiered by sector and location (general, thrust, and mega categories).
- SGST reimbursement: Refund of State Goods and Services Tax (SGST) for a defined period (typically 7 years for general, up to 10 years for thrust sectors) — the most financially significant incentive.
- Employment generation subsidy: Per-job incentive for creating local employment, especially for Rajasthan domicile workers.
- Interest subsidy: On term loans from recognized financial institutions.
- Thrust sectors: Renewable energy, defense & aerospace, IT/ITeS, food processing, textile & apparel, pharmaceuticals, electronics, and electric vehicles — all attract enhanced benefits.
- Zones: Western Rajasthan (Barmer, Jaisalmer, Bikaner, Jodhpur) and southern tribal areas receive additional location-based incentives to promote regional balance.
RIPS 2024 is administered through Rajasthan Bureau of Investment Promotion (RBIP) and the State Investment Promotion Board (SIPB) which offers single-window clearance for projects above ₹50 crore.
Rising Rajasthan Global Investment Summit 2024
The Rising Rajasthan Global Investment Summit was held in Jaipur from 9–11 December 2024 — the first such summit under the Bhajanlal government. It is the largest investment summit in Rajasthan's history.
| Metric | Data |
|---|---|
| Total MoUs signed | 9,500+ |
| Total investment committed | ₹35 lakh crore |
| Delegates | 5,000+ |
| Countries represented | 32+ |
| Key sectors | Renewable energy, manufacturing, tourism, IT |
Source: Rajasthan Economic Review 2025-26, Chapter 5; official Rising Rajasthan portal, December 2024
Sector-wise highlights from Rising Rajasthan 2024:
- Renewable energy: Largest commitment (₹8+ lakh crore), aligning with Rajasthan's solar-wind potential.
- Manufacturing and industrial: Automobile, cement, chemicals, defence.
- Tourism and hospitality: Heritage circuits, film tourism.
- IT/ITeS and data centres.
The translation of MoU commitments into ground-level investment is tracked by the state government through RBIP's MoU monitoring dashboard. As of April 2026, select projects have moved to DPR (Detailed Project Report) stage; most are in the approval pipeline. The Industrial Policy Division under RBIP is the nodal unit for conversion tracking.
Stand Up India Scheme
Stand Up India (a centrally sponsored scheme) provided ₹587.16 crore to 2,675 beneficiaries in Rajasthan — targeting SC/ST and women entrepreneurs for loans between ₹10 lakh and ₹1 crore for greenfield enterprises.
Source: Rajasthan Economic Review 2025-26, Chapter 5