Rising Rajasthan – ₹1,100 Crore Investment Takes Shape

RIICO Allocates Land to Four Companies in Auto, Solar Panel, and Textile Sectors

Jaipur : Under the leadership of Chief Minister Bhajanlal Sharma, the MoUs signed during the Rising Rajasthan Global Investment Summit-2024 are progressively being implemented. RIICO has allocated industrial land to four major companies—Mexop Engineering Company Limited, Rockman Industries Limited, Lightpath Ventures Private Limited, and Sun Polytex Private Limited—for setting up their industrial units.

The land allocations are as follows:

• Mexop Engineering Company Limited – Karoli Industrial Area, Bhiwadi District
• Rockman Industries Limited – Salarpur Industrial Area, Bhiwadi
• Lightpath Ventures Private Limited – Ukhlia Industrial Area, Bhilwara District
• Sun Polytex Private Limited – Kaladwas Industrial Area, Udaipur

During the Rising Rajasthan Global Investment Summit-2024, representatives of these companies expressed their interest in investing in Rajasthan and signed MoUs with the state government. Following these agreements, CM Bhajanlal Sharma directed RIICO to streamline all procedures, from land allocation to project execution, making the process easier for companies. Now that land has been allotted, the companies are set to begin operations soon.

Investment Details and Employment Opportunities

🔹 Mexop Engineering Company Limited (Auto Sector)
A leading manufacturer of auto components like die casting and fabrication, the company is investing ₹750 crore in a facility covering 30 acres, generating 1,500 jobs.

🔹 Rockman Industries Limited (Hero Group) (Aluminum Manufacturing)
This company will invest ₹150 crore in 6 acres of land, creating 250 jobs. The unit will focus on specialized wheel manufacturing in Rajasthan, significantly contributing to the local economy.

🔹 Lightpath Ventures Private Limited (Solar Panel Manufacturing)
With an investment of ₹110 crore, this 6-acre facility in Bhilwara will employ 150 people and play a key role in making Rajasthan a solar panel manufacturing hub.

🔹 Sun Polytex Private Limited (Textile Sector)
The company will invest ₹87 crore in a 5-acre facility in Udaipur’s Kaladwas Industrial Area, manufacturing woven coated and uncoated fabric, creating over 100 jobs.

CM’s Vision for Investment Implementation

During the investment summit, CM Bhajanlal Sharma assured that the MoUs would be swiftly implemented. He emphasized that the summit’s conclusion was not the end but the beginning of a better Rajasthan. The state government is committed to ensuring that in two years, the public will see real progress on the signed MoUs. RIICO and other departments are working at full capacity to fulfill this promise.

RIICO’s Commitment to Industrial Growth

RIICO Managing Director Indrajit Singh stated that several leading companies have signed MoUs to establish their units in Rajasthan, reflecting their strong trust in the state’s industrial policies. RIICO is ensuring speedy land allocation and assistance to help these companies start operations as quickly as possible.

Recently, RIICO has also allocated land to more companies in the auto, solar panel, and textile sectors—three industries that serve as key pillars of economic growth not just for Rajasthan but for India as a whole.

Strategic Collaboration for Industrial Development

RIICO, a key industrial development body under the Rajasthan government, is playing a crucial role in boosting industrial growth and attracting global investments. By swiftly allocating land to new investors, RIICO is strengthening the state’s industrial infrastructure and positioning Rajasthan as a preferred destination for international businesses.