In order to generate employment opportunities and promote rapid, sustainable and balanced economic growth in Rajasthan, Rajasthan government has issued the policy, “The Rajasthan Investment Promotion Scheme, 2019” (RIPS-2019) to provide benefits to eligible manufacturing and service sector enterprises.
The operative period of the scheme is 17/12/2019- 31/03/2026.
This article is dedicated to the benefits provided to manufacturing enterprises mentioned in RIPS- 2019. Please go through other articles under the same category i.e. “RIPS- 2019” for other information regarding the scheme.
Benefits to Manufacturing Enterprises
*“Industry 4.0” means the enterprises engaged in big data & analytics, artificial intelligence, nano technology, quantum computing, fifth-generation wireless technologies, simulations, horizontal & vertical system integration, cyber security, cloud, additive manufacturing and augmented reality across the business value chain.
Additional Benefits to Manufacturing Enterprises in Thrust Sectors
Bio Technology Center:
means enterprises engaged in manufacturing of such drugs, which involves the manipulation of micro-organism or biological substances to perform a specific process, essentially by use of those microorganisms or highly complex proteins from genetically-modified living cells as components in medications to treat various diseases and conditions and shall include:
- Enterprises engaged in the development of a product or rendering service related to ‘living systems
- Enterprise engaged in the research & development beginning with the discovery of novel compounds, which then get ushered into the clinic for further testing which are used or derived by using specific living system and information or material derived there from
- Enterprises engaged in bio-informatics and bio-technology product.
Explanation: Living System means plants, animals including humans and microbes and parts thereof, their genetic material and by-products and bio-informatics means construction of database on genomes, protein sequences; modelling complex biological processes, including systems biology.
Auto- Component Sector, Electronic System Design Manufacturing (ESDM) Sector, Chemical Sector, Petrochemical Sector, Petroleum Ancillary and Pharmaceutical Sector:
Auto Component Sector:
means a sector comprising enterprises engaged in manufacturing of components or parts required exclusively in manufacturing of Automobiles.
Electronic System Design Manufacturing (ESDM) Sector:
means a sector comprising enterprise engaged in electronic hardware design and manufacturing (which shall include embedded software) for information technology, telecommunications, defense, medical devices, industrial automotive, consumer product, applications and components, part and accessories required for the aforesaid product and applications.
means a sector comprising enterprises engaged in manufacturing of chemicals such as organic chemicals, inorganic chemicals, specialty chemicals, chlor-alkali, dyestuff, pesticides, colorants and alcohol-based chemicals.
means a sector comprising enterprises engaged in manufacturing of chemicals made from and hydrocarbons derived from petroleum (crude oil) and natural gas including Primary Petrochemicals such as olefins (ethylene, propylene and butadiene), aromatics (benzene, toluene, and xylenes), methanol, Petrochemical Intermediates and Derivatives.
means an enterprise which uses petroleum products and its bye-products in manufacturing of distinct and different commodities other than petroleum product.
means a sector comprising enterprises engaged in manufacturing of drugs, medicine, vaccines, syringe, surgical dressing and medicated ointment under license issued under the Drugs and Cosmetics Act, 1940 and shall also include infrastructure for establishing cold chain for preserving pharmaceutical products through temperature-controlled supply chain.
Leather, Footwear and Accessories Sector, Gems & Jewellery Sector, Mineral Sector:
Leather, Footwear and Accessories Sector:
means a sector comprising enterprise manufacturing leather footwear or articles including finished leather, leather goods, leather garments, saddlery, footwear, footwear components and leather accessories.
Gems & Jewellery Sector:
means a sector comprising enterprises engaged in manufacturing of handmade or machine-made jewellery or other articles of gold, silver and other precious or base metal clad with precious metals or precious or semi-precious stones, or combinations of precious metal and precious or semi-precious stones or other materials.
means a sector comprising enterprises engaged in manufacturing, using the minerals, mentioned below:
- Phosphorite (rock Phosphate)
- Lead & Zinc
- Natural Gas utilized
- Copper Concentrate
- Iron Ore
Textile Sector and Apparel Sector:
means a sector comprising enterprises engaged in manufacturing/processing of all kind of fibres (including fibre manufactured from recycling of PET bottles), yarn, fabrics, khadi, handloom, using such processes as spinning (which includes blow room to yarn packaging, Ring Spinning, Rotors or Jet Spinning), Weaving, Dyeing & Processing, Knitting, Machine Carpeting, Machine Embroidery and any other activities/process like crimping, texturising, twisting, winding, sizing etc. within the entire Textile value chain.
means a sector comprising enterprises engaged in manufacturing of wearable or non-wearable stitched fabrics including apparel, garments and made-ups, at least two sides of which are stitched using sewing machinery.