Rajasthan State Industrial Development and Investment Corporation
Rajasthan State Industrial Development and Investment Corporation, popularly known as RIICO, is a premier agency of Government of Rajasthan that has played an important role in the industrial development of Rajasthan. In 1980 RSIMDC split into RIICO & RSMDC.
RIICO is owned by Government of Rajasthan and it is a premium organisation of govt. of Rajasthan. RIICO is mainly engaged in site selection and acquisition of land, developing infrastructure for industrial area, financial assistance to small, medium and large-scale projects, equity participation in large projects on merit, technical consultancy for project identification and technical tie up, escort services, facilitation of government clearances, merchant banking and financial tie -ups and extending incentives and concessions as per the policy of the State Government.
The corporation was incorporated on 28 March 1969 as RSIMDC and got its present name on 1 January 1980. It has 28 offices in Rajasthan and has staff strength of 1054. RIICO has so far developed 338 industrial areas by acquiring about 59,084 acres (239.10 km2) of land. More than 37000 industries are in production within the industrial areas developed by RIICO in Rajasthan