RAJASTHAN INVESTMENT PROMOTION SCHEME - 2019
No: F.12(39)FD/Tax/2019-97 Dated: Dec, 17 2019
In order to generate employment opportunities and promote rapid, sustainable and balanced economic growth in the State of Rajasthan, the State Government of Rajasthan, in public interest, hereby issues “The Rajasthan Investment Promotion Scheme, 2019” (RIPS-2019) (hereinafter referred to as “the Scheme”) to provide benefits to eligible manufacturing and services sector enterprises.
1. OPERATIVE PERIOD:
The Scheme shall come into effect from the date of issuance of this order and shall remain in force up to 31st March 2026.
2, DEFINITIONS
(i) “Agricultural Product” means produce of Agriculture, Horticulture, Sericulture. Floriculture, Aromatic, Herbal & Medicinal plants, Fisheries, Poultry, Apiculture, and. Dairy, it shall include derivatives or residues of agricultural product or intermediate agriculture products and shall also include minor forest produce and livestock based products;
(ii) “Agro Cooperative” means any Special Purpose Vehicle or Producer Organisation formed by farmers and registered under the Rajasthan Cooperative Act, where they pool their resources to engage in or propose to be engaged in manufacturing or service activities;
(iii) “Agro Processing Sector” means a sector comprising manufacturing enterprises which add value to agriculture products through processing to manufacture marketable products in a manner that results in the emergence of a new product having a distinct name, character and use;
(iv) “Amusement P ark” means Theme Park or Wafer Park or Adventure Park or Entertainment Park or Biological Park or Desert Park for providing recreational or Fun or Entertainment facilities with amusement rides, games, rope way. water slides, restaurant, theme area, activity area etc (hot mandatory to have all the features) in minimum area of ten acres of land;
(v) “Anchor Enterprise” means first enterprise set up in a district with investment of more than rupees one hundred crore and by providing direct employment to more than hundred persons and engaged in manufacturing in any of the thrust sectors. Provided that all eligible enterprises set up in backward areas and most backward areas with an investment of more than rupees one hundred crore and by providing direct employment to more than a hundred persons shall be treated as Anchor Enterprise;
(vi) “Apparel Sector” means a sector comprising enterprises engaged in manufacturing of wearable or non-wearable stitched fabrics including apparel, garments and madeups, at least two sides of which are stitched using sewing machinery;
(vii) “Automobile Sector” means a sector comprising enterprises engaged in manufacturing of motor vehicle having equal to or more than two wheels with seating capacity of more than one person and powered by an internal combustion engine or electric power;
(viii) “Auto-Component Sector” means a sector comprising enterprises engaged in manufacturing of components or parts required exclusively in manufacturing of Automobiles;
(ix) “Bio-Technology Sector” 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;
(a) Enterprises engaged in the development of a product or rendering service related to ‘living systems’;
(b) Enterprises 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; and
(c) 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 bioinformatics means construction of database on genomes, protein sequences; modelling complex biological processes, including systems biology;
(x)“Ceramic and Glass Sector” means a sector comprising enterprises engaged in manufacturing of ceramic, glass or their products;