Rajasthan State Industrial Development and Investment Corporation

RIICO is a wholly-owned undertaking of the Government of Rajasthan, operating as a statutory corporation rather than a government department. Its board and mandate are controlled by the state, and it serves as the primary implementation agency for Rajasthan's industrial and investment promotion policy, working alongside the Bureau of Investment Promotion (BIP).

RIICO's primary activity is developing and managing industrial land and infrastructure — roads, water, power connectivity, and common facilities within industrial estates. It does, however, directly participate in strategic joint ventures, such as Mahindra World City, Jaipur, and the HPCL Rajasthan Refinery. It also provides term loans to industrial units located within its developed estates, making it a direct lender in certain contexts.

RIICO manages one of India's most extensive state-owned industrial land banks, covering dozens of industrial areas, specialized parks, and commercial properties across Rajasthan. Specific acreage totals are not published in a single consolidated figure, but the portfolio spans multiple cities including Jaipur, Jodhpur, and Balotra, supporting thousands of operational industrial units.

The corporation has formed high-profile joint ventures with the Mahindra Group for Mahindra World City, Jaipur, with Hindustan Petroleum Corporation Limited for the Pachpadra refinery, and with Hindustan Zinc Limited for a zinc park. RIICO also coordinates with the Bureau of Investment Promotion (BIP) to attract external investment into these zones.

Yes. While historically focused on manufacturing and logistics, RIICO has developed sector-specific infrastructure for fintech (Fintech Park, Jaipur), medical devices (Medical Device Park, Jodhpur), and petrochemicals (Rajasthan Petro Zone). It also owns commercial and convention-center assets like the Rajasthan Mandapam in Jaipur, extending its portfolio into service-sector infrastructure.