| 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 its 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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