Rajasthan 2024 RIPS Strategy

The Rajasthani government unveiled the Rajasthan Investment Promotion Scheme (RIPS) in 2024. Increasing private investment in various sectors is the aim of this initiative. In comparison to RIPS 2022, it represents a major improvement. The strategy was made public ahead of the "Rising Rajasthan" Global Investment Summit, which will be held in Jaipur in December 2024.

The Goals and Major Features of RIPS 2024 

• Wider Sector Coverage: RIPS 2024 broadens its scope to sectors such as aerospace and space, defense, drones, semiconductors, agri-tech, and waste recycling.
• Enhanced Financial Incentives – The scheme will provide more financial incentives for companies in the first three units in sunrise sectors.
• New Manufacturing Sectors: Creating new manufacturing industries through the program includes construction equipment, pumped hydro energy storage manufacturing industries, electrolyzer manufacturing industries, and metals.
• Expansion in Service Sectors: RIPS 2024 also increases its focus in other service industries, including higher education, knowledge-based industries, and vocational training.
• Business Type-Specific Support: The scheme offers help in the tourism industry, IT and IT-enabled services businesses, and female-founded startups.
• Investment Agreements: During its last budget session, Rajasthan cleared investment MoUs of Rs 15 lakh crore, which clearly indicates investors’ trust in the Rajasthan market.
• Global Investment Summit: This global investment summit—Rising Rajasthan—will showcase investment opportunities and facilitate investment in Rajasthan.