Disposal of Land Rules - RIICO

4. General Bio Technology and Bio Informatics Training Institutes- No rebate in
the allotment rate shall be allowed. However, RIICO may consider land allotment in
any industrial area on the rate prevailing in the area.
5. Bio-Technology Industries outside the Bio-Technology Parks in Identified
Industrial Areas - For the Bio Technology industries which is proposed to be set up
outside the Bio Technology Parks in the Identified Industrial Areas, entitled land
rebate shall be @ 10% of the allotment rate for the plot upto maximum of 4000 sqm.
area and the amount shall be reimbursed after construction covering at least
20% plot area with roof laying within two years period.
Land allotment for setting up a Corporate and Registered headquarter for Major
Biotechnology Companies: In pursuance to State Biotech Policy 2004, land at
prevailing rate in the area may be allotted for setting up of Corporate and Registered
headquarters for Major Bio Technology National and Multinational companies in
Rajasthan. Creation of residential accommodation upto 20% of utility area may be
allowed with the approval of IDC. Land rebate @50% of the allotment rate may be
reimbursed to first five companies (pioneering units) in Rajasthan, on construction of
the building covering atleast 20% of the plot area with pucca structure where roof has
been built up within a period of three years from the date of possession or from the date
of lease deed execution, whichever is earlier. The policy related to above mentioned
rebate would be reviewed after one year in case first five companies do not avail the
facility by then. (Inserted as per IDC decision taken vide item 5 on 27.12.2004)
Notes-
a) In case of failure to observe the terms and conditions regarding investment and
time schedule mentioned in the package, the concessional amount shall be
recovered from allottee with interest from the date on which concession amount
has been reimbursed.
b) In each case the decision of RIICO shall be final as to what qualifies as Bio-Tech
Industry / Institute for the purpose of above said incentive.
c) For reimbursement of the concessional amount, the plot allottee would be required
to inform RIICO office by a registered AD letter sent prior to the scheduled date
regarding the investment made on the plot. After verification by the Unit Head, the
cheque or rejection letter, as the case may be, will be sent by RIICO within 30
days by registered AD letter.
d) A committee of F.A., Advisor (Infra), Sr.DGM (T-Girish Gupta) and DGM (F-
IP&I) shall identify industrial areas based on pace of allotment and put up to MD
for approval, so that 10% rebate on prevailing rate of development charges subject
to maximum of 4000 sqm. may be allowed.
e) No other rebates / incentives shall be applicable to these projects.
f) Definition of Modern Bio Technology:
R&D and /or Manufacturing activities involving recombinant DNA Technology
for bio Pharma, Agriculture, Health and Environment.
Areas of Genomics, Proteomics, Bio-informatics and Gene-Cloning.
Plant Tissue Culture research and development (Land upto maximum of 4000
sqm. may be allowed).
Active ingredient identification and preparations of Medicinal and Aromatic
Plants and Herb- Bio processing.