In a bid to take early bird advantage, the state government is planning to set up an electric vehicle research and manufacturing zone. As spelt out in the new draft industrial policy, the government will also offer financial incentives to encourage component manufacturing for EVs and proposes to bring in a dedicated policy to provide impetus to the sector.
In a departure from the past, the draft proposes to make provisions for allotment of land on short-term leases. The government believes that the move will reduce the land cost for the entrepreneurs as the leases would be for 30 years instead of 99-years.
But Suresh Agarwal, president of the Federation of Rajasthan Trade and Industry (FORTI) said that while other states are moving to free-hold in place of 99-year lease, the proposal of 30-year lease will discourage industry. Read More