“RIPS-’24 is the state government’s flagship investment promotion scheme and was launched last year during the UK roadshow, he said.
File Photo: IANS
Rajasthan’s first Incentive Calculator, LaabhCalc, that helps investors estimate the benefits they can receive for setting up or expanding a business here, was launched by Chief Minister Bhajan Lal Sharma.
Since this would highlight the incentives and benefits being offered to investors, it would reshape and revolutionize the Rajasthan Investment Promotion Scheme (RIPS-2024) and usher in an era of transparency, efficiency, and investor empowerment, CM Sharma said.
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“RIPS-’24 is the state government’s flagship investment promotion scheme and was launched last year during the UK roadshow, he said.
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The scheme aims to reduce the cost of doing business and attract investment in various sectors, including renewable energy, tourism, and IT, among others.
Designed to enhance the ease of doing business, the LaabhCalc gives investors the choice to make informed decisions and allows them to compare and choose the most beneficial incentives available under RIPS 2024, an official spokesman said, adding, “This will align the incentives with the investors’ business goals.”
In addition to this, LaabhCalc also offers a year-on-year projection of incentive disbursal, enabling investors to visualize the financial trajectory of their proposed projects, he said.
This predictive feature of LaabhCalc would provide the investors with greater assurance and precision for investment planning.
RIPS -2024 has been gaining acceptance and popularity amongst investors due to its remunerative incentives across various sectors like Electronics System Design and Manufacturing (ESDM), Tourism, IT, and sunrise sectors, like Defense, Drones, Aero-Space, and Waste Recycling, amongst others.
Reflecting on the scheme’s growing impact, the Industries and Commerce Department has disbursed incentives worth Rs 765.78 Crore during the year 2024-25.
Additionally, for their planned investments, investors can assess the improvements in key financial metrics like NPV and IRR. Through these measurable insights, this analytical feature not only emphasizes the fiscal benefits of investing in the state but also boosts investor confidence.
It is worth mentioning that the ‘Rising Rajasthan’ Global Investment Summit held in December 2024 facilitated the signing of MoUs worth Rs 35 lakh crore. In just ten months after the summit, MoUs worth Rs 7 lakh crore have already commenced groundbreaking, reflecting the state government’s commitment to expediting investment.
The state government is now set to host the ‘Pravasi Rajasthani Divas’ on December 10, next month, in Jaipur.
‘Pravasi Rajasthani Divas’ is a key initiative of Rajasthan to connect with the state’s global diaspora, celebrate their shared identity, and explore new avenues to collaborate with the state government and to strengthen the economic and social arena of the state as well.
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