Rajasthan Expands Financial Incentives in RIPS 2024

In October 2024, Rajasthan’s government introduced expanded financial incentives across more sectors under the updated Rajasthan Investment Promotion Scheme (RIPS) 2024, targeting manufacturing, services, and new “sunrise” sectors.

RIPS 2024 includes newly identified “sunrise sectors,” such as aero and space, defense, drones, semiconductors, agri-tech, and waste recycling, aiming to diversify investment opportunities.
The scheme offers a 25% “sunrise booster” on subsidies for the first three mega and ultra-mega projects in these sectors, enhancing their capital and turnover-linked benefits.
New incentives also extend to tourism, IT/ITeS firms, and women-led startups, promoting Rajasthan as an investment-friendly state for these dynamic industries.
Manufacturing sectors have been expanded to include areas like construction equipment, pumped hydro storage, electrolyser manufacturing, and metals to attract additional industrial investment.
The services thrust sectors now incorporate higher education, knowledge industries, vocational training, and skilling, focusing on sustainable growth and job creation.
RIPS 2024 aligns with the ‘Rising Rajasthan’ investment summit, where MoUs worth ₹15 lakh crore have been signed, signaling robust investor confidence.
The Rising Rajasthan Global Investment Summit, set for December 9-11 in Jaipur, will spotlight Rajasthan’s growth potential in domestic and global markets.