RIICO to set up special zone for power loom units

JAIPUR: Jaipur Rajasthan State Industrial Development and Investment Corporation Limited (RIICO) is planning to develop a special industrial zone for power loom sector in Pali, 350 kms from Jaipur. RIICO managing director Rajendra Bhanawat told ET the corporation would spend around Rs 40 crore for the development of this zone spread across 284 acres.

“The zone would have 448 industrial plots for power loom units with an allotment price of Rs. 600 per sq. mts. It will also have a dedicated commercial space over 21.47 acres,” he said. The proposed power loom zone is likely to become a major cloth manufacturing centre in the state after Bhilwara which has more than 4000 cloth manufacturing units.

As per an estimate, Bhilwara produces over a billion meters trouser fabric per annum. As per the plan lay out, around 250 power loom units are likely to be set up attracting an investment of around Rs. 700 crores. “Together the units will have manufacturing capacity of 75 crore metres per annum while engaging over 30,000 people,” he said.

The units coming up in this zone will get a rebate of 30% on the development charges if the unit commences production within one year of the allotment of land and 15% rebate if the unit commences production within two years.