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| Bureau of Industrial Promotion |
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BIP provides one-stop services to the enterpreneurs. The bureau assists the prospective entrepreneur at every stage. Right from ideation of a project to its implementation. This includes assistance in technology tie-ups. BIP is also state governments nodal agency for attracting foriegn direct investment and NRI investment. BIP has been set up with a view to promote private investment in Rajasthan. BIP is a state investment promotion arm primarily for industrial sector projects and acts on behalf of invester as coordinator with all government departments and agencies to ensure that proposals get immidiate attention and guaranteed time bound proposal.
The bureau is also promoting international trade from state. Rajasthan state Industrial Development and Investment Corporation, RIICO provides loans and allocates land. Over 200 industrial areas have been developed by RIICO. In select cases it also provides equity support. RIICO has been tireless in tis efforts to promote and provide the right climate in Rajasthan. The main objective of this industrial catalyst is to develop industrial estates and to provide investment funding , both as term loans and equity participation, basically to medium and large industrial projects. RIICO is also classified as a category one merchant banker and as such it is able to manage and advise on public issues, as well as, act as loan syndicator and underwriter. |
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