RIICO Allots Land to 3 Companies for ₹350 Crore Investment in Bhiwadi Region

The Rajasthan State Industrial Development and Investment Corporation (RIICO) has taken swift action on investment commitments from the Rising Rajasthan Global Investment Summit 2024, allotting land to three major companies within 30 days of the summit's conclusion.

Companies and Investments

1. Stanvac (Superon Group) - Bhiwadi

Investment: ₹100 crore
Land: 12.5 acres at Salarpur Industrial Area, Bhiwadi
Products: Anti-corrosion welding wires and welding electrodes
Employment: 300 people

2. Indian Explosives Private Limited (IEPL) - Bhilwara

Investment: ₹50 crore
Land: 10 acres near Vedanta mines, Bhilwara
Parent Company: Australian multinational Orica
Services: Explosives and mining-related services

3. Sunkind Photovoltaics Private Limited - Jaipur

Investment: ₹200 crore
Land: 10 acres at Mathasoola Industrial Area, Jaipur
Focus: Solar module manufacturing, Solar-plus-storage, EV charging
Employment: 800 people

Total Impact

These three companies will collectively invest ₹350 crore in Rajasthan, generating significant employment opportunities across the state.

Direct Allocation Scheme 2025

RIICO launched the Direct Allocation Scheme-2025 on March 15, 2025, inviting applications from MoU holders for land allotment in 98 industrial areas. Key highlights:

Applications Received: 134 investors for 108 plots
Offer Letters Issued: 103 plots
Process: E-lottery for transparent allocation

Key Locations

Plots are being allocated across multiple locations including:

Pathredi (Bhiwadi)
Kishangarh Tapukara Industrial Area (Ajmer)
Shri Ram Janki Industrial Area (Jaipur)
Boranada Extension (Jodhpur)
Fatehpur Samelia (Bhilwara)

Official Statements

Inderjeet Singh, Managing Director of RIICO, stated: "These allotments are just a testimony to the fact that RIICO is working 24X7 for realising investment commitments worth ₹1.25 lakh crore drawn from more than 1,100 companies across the globe in Rising Rajasthan summit."

Ajitabh Sharma, Principal Secretary, Industries & Commerce, said: "The Direct Allocation Scheme is a powerful instrument to translate investment intent into industrial execution. With over 100 offer letters now being issued and Phase-II around the corner, Rajasthan is fast-tracking the momentum set in motion by Rising Rajasthan."

Phase-II Announcement

Encouraged by strong investor response, Chief Minister Bhajan Lal Sharma announced that Phase-II of the Direct Allocation Scheme will open for applications on May 15, 2025, covering all MoUs signed between March 16 and April 30, 2025.

Impact on Bhiwadi

The Stanvac facility in Bhiwadi's Salarpur Industrial Area will strengthen the region's manufacturing capabilities in the steel and welding sector, creating skilled employment opportunities and contributing to the local economy.