RIPS 2024 Platinum ACI Cap (Green Exports)

Under RIPS 2024, the Platinum Package sets its highest ceiling for Asset Creation Incentive on projects that are both very large and strategically aligned. Where an enterprise invests above INR 4,000 crore and is export oriented while also promoting the green economy, the cap may be revised up to 3% of EFCI.

EFCI refers to the Eligible Fixed Capital Investment recognised for the project, which means the ceiling moves in step with the capital actually deployed. Because the wording is permissive — the cap *may* be revised — this is an approval the state grants to a qualifying project rather than an automatic entitlement, and it is settled during negotiation of the customised package.

This sits one step above the standard Platinum ceiling, and is pursued through the RIPS 2024 route on Rajasthan's Rajnivesh single-window investment portal.

1. Register the project on the Rajnivesh single-window portal. 2. Submit the RIPS 2024 application under the Platinum Package. 3. Demonstrate in the detailed project report that investment exceeds INR 4,000 crore. 4. Record the project's export orientation and its contribution to the green economy. 5. Negotiate the customised package and secure the revised cap in the sanction.

The competent authority carries out an appraisal of the project, looking at its investment, its orientation towards exports and its green economy credentials. On that basis, it determines whether the Asset Creation Incentive ceiling should be revised, and if so, whether to raise it to as much as 3% of EFCI.