How to Start a Factory/Industry in Jaipur, Rajasthan?

Establishing a factory or industry in Jaipur, Rajasthan is a tedious task, as before starting any business or especially a manufacturing business you need to consider lots of things. A factory is a place of production where unfinished goods are turned into finished goods from raw materials or components. It often involves a sizable facility or complex of buildings, machinery, and equipment, as well as a staff working on a big scale to produce items. The progress of industrialization and the development of contemporary economies have been significantly aided by the establishment of factories. Setting up a factory can be a very challenging and complex process.

Jaipur, Rajasthan

Jaipur, the capital city of Rajasthan, has a diverse and vibrant population. Jaipur was the first planned city in India of its time. Jaipur is located just 260 km from the National Capital of India, Delhi. The strategic location of Jaipur and its connectivity with other major cities of India make it one of the attractive locations in northern India. It offers quick access to Chandigarh, Delhi, Ahmedabad, Chennai, Mumbai, Kolkata, and other important cities. Through a system of national highways, and the International Airport Jaipur is well connected to other important cities in India.

Jaipur is the most populated city in Rajasthan, it has 13 numbers of towns like Chomu, Kotputali, and Shahpura. A number of industries have expanded in and around the city as a result of the city’s well-developed infrastructure, good connectivity with other major cities and villages in the state, and a supportive business environment.

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RIICO Industrial areas in Jaipur, Rajasthan

RIICO (Rajasthan State Industrial Development and Investment Corporation) a state government agency was founded in 1969 with the goal of advancing industrialization and economic growth in the state of Rajasthan. RIICO, Rajasthan has established approx 43 industrial areas in Jaipur, almost in all directions of Jaipur, Some are big, and few are small industrial areas.

Numerous enterprises, including those in electronics, textiles, engineering, handicrafts, and many more are located in the RIICO Industrial Area in Jaipur. There are good transit facilities in these areas, and it is well connected to the state’s major cities and towns and makes a considerable contribution to the state’s economic expansion.

Tentative Prices of Industrial Lands/Plots in Jaipur, Rajasthan

RIICO (Rajasthan State Industrial Development and Investment Corporation) has developed several industrial areas in Jaipur. Here are some tentative prices of the prominent RIICO industrial areas in Jaipur (depending upon the location and infrastructure).

1. Sitapura Industrial Area: This is one of the largest and most well-known industrial areas in Jaipur, covering an area of around 500 acres. The prices of industrial land in the Sitapura Industrial Area can range from Rs. 25000 to Rs. 50,000 per square meter.
2. Vishwakarma Industrial Area (VKI): This industrial area is located in the northern part of Jaipur and covers an area of around 1600 acres. It is one of the oldest industrial areas in Jaipur. The prices of industrial land in VKI can range from Rs. 35000 to Rs. 55000 per square meter.
3. Malviya Industrial Area: This industrial area is located in the southern part of Jaipur and covers an area of around 60 acres. The prices of industrial land in the Malviya Industrial Area can range from Rs. 60000 to Rs. 1,00,000 per square meter.
4. Jhotwara Industrial Area: This industrial area is located in the western part of Jaipur and covers an area of around 200 acres. The prices of industrial land in the Jhotwara Industrial Area can range from Rs. 2,0000 to Rs. 35,000 per square meter.
5. Bagru Industrial Area: This industrial area is located on the outskirts of Jaipur and covers an area of around 1200 acres. The prices of industrial land in the Bagru Industrial Area can range from Rs. 1,2000 to Rs. 18000 per square meter.

These are some of the major industrial land areas under RIICO in Jaipur, and there are several other smaller industrial areas as well.

Read – What is (RIICO) Rajasthan State Industrial Development & Investment Corporation Ltd

Developing Industrial locations of Jaipur, Rajasthan

The development of a factory or other industrial facility may be appropriate in a number of Jaipur neighborhoods that are now under development. The availability of raw materials, infrastructure, transportation options, labor force, and regional laws should all be taken into account while deciding whether to build a factory or other industrial unit in Jaipur. Before making a decision, it is a good idea to get advice from local officials and specialists.

Here is the list of Developing Industrial locations of Jaipur, Rajasthan

1. Mahindra World City: Located on Ajmer Road, Mahindra World City is a multi-product special economic zone that is well-connected to major highways and the Jaipur International Airport. It offers a wide range of amenities and infrastructure for businesses, including reliable power and water supply, high-speed internet connectivity, and a skilled labor force.
2. Ring Road, Jaipur: Located in the western part of Jaipur, the Ring Road is a developing industrial zone that is well-connected to the city center and major highways. It has good infrastructure and is suitable for a range of industries.
3. Bagru Industrial Area: Located on the Jaipur-Ajmer highway, Bagru Industrial Area is a developing industrial zone that is suitable for textile and garment industries. It has good connectivity and is close to the Jaipur International Airport.
4. Ajmer Road: Ajmer Road is growing as an Industrial and Warehousing hub of Jaipur. After Bagru there are lots of industries established especially from marble and stone industries. As Ajmer Road is well-connected to the rest of the city and major highways. It has good infrastructure and is suitable for a range of industries.
5. Govindgarh, Sikar Road: This is a developing industrial zone of Jaipur, as it is located near VKIA, which is Jaipur’s largest industrial area is also growing as a new industrial hub.

Points to consider before setting up a factory in Jaipur, Rajasthan

Prior to opening a factory, you should conduct market research to ascertain the level of demand for the product you intend to produce, the level of market rivalry, and the potential profitability of the business. Develop a thorough business plan based on your market research that details your manufacturing procedure, product price, marketing plans, funding, and management structure. When choosing a location for your factory, keep things like raw material accessibility, proximity to transportation hubs, availability of competent labor, and governmental requirements in mind. Get the required licenses and permits from the appropriate authorities before you begin construction. It also covers company licenses, zoning permits, building permits, and environmental permissions. Calculate the capital required to establish and run your factory. There are many ways to get funding, including loans from banks, investments from private parties, or venture capital firms.

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Building a factory in Jaipur, Rajasthan

Now after the arrangements are completed, you can begin building your factory after you have secured all the required financing and licenses. Employ subcontractors to plan and construct your facility according to your specifications. Purchase and set up the factory’s necessary machinery and equipment which comprises machinery for manufacturing, computers, office supplies, etc. Also, a skilled crew should be hired, and they should be instructed on safety standards and the manufacturing process. Invest in the infrastructure that is required, such as fire safety, garbage disposal, and water and power supplies. Finally, create a quality control system to make sure your goods adhere to the necessary requirements. Launch your product and begin promoting it to prospective customers once your plant Is operating. Depending on the sector, geography, and other elements, the specifics of the factory setup may change accordingly.

Rajasthan Government policy for setting up business in Jaipur

1. Obtain necessary clearances including environmental clearance, land-use clearance, and approval from the pollution control board, among others.
2. Register your business with the Registrar of Companies and obtain a unique identification number (UIN) from the Department for Promotion of Industry and Internal Trade (DPIIT).
3. Obtain necessary licenses and permits from local and state authorities, depending on the nature of the business.
4. Follow labor laws and regulations. This may include providing safe working conditions, paying minimum wages, and ensuring that your employees are registered with the Employees’ State Insurance Corporation (ESIC) and the Employees Provident Fund Organization (EPFO).

In addition to the aforementioned, the government provides a number of incentives and perks to encourage business growth and entrepreneurship. These include taxation, power tariffs, and land acquisition subsidies. To learn more about these benefits and to get assistance with establishing a business in Jaipur, contact RIICO.