Rajasthan Sunrise Booster 2024

The Rajasthan Investment Promotion Scheme (RIPS) 2024 includes the Sunrise Booster, an incentive intended to draw capital investment into the state and support industrial growth. It applies to emerging, high-growth sectors classified as 'Sunrise sectors', which the state treats as important to economic diversification and job creation.

Under this component, an additional 25% incentive on asset creation is available. The purpose is to reduce the financial exposure that mega and ultra-mega projects carry when they commit to large-scale capital expenditure. This matters most in capital-intensive fields such as data centers, where eligibility depends on meeting set capacity thresholds, including a minimum of 10 MW.

The booster is meant to strengthen Rajasthan's standing as a location for advanced manufacturing, technology, and other emerging industries, and to build an economic ecosystem driven by innovation. It encourages businesses to put money into modern infrastructure and new technologies, which the state expects will make the industrial base broader and more resilient.

Applications are routed through the wider application mechanism of the Rajasthan Investment Promotion Scheme (RIPS) 2024.

- The applicant's project must first be classified as a mega or ultra mega project falling within a 'Sunrise sector' as notified under the RIPS 2024 policy. - The application for the Asset Creation Incentive, together with the Sunrise Booster claim, is ordinarily filed with the nodal agency or department of the Government of Rajasthan that handles industrial promotion and investment. - Documents generally sought include a detailed project report, evidence of investment in assets, financial statements, and such other supporting papers as the RIPS 2024 guidelines prescribe. - Eligibility is assessed against the Asset Creation Incentive criteria and the specific Sunrise Booster conditions, one of which requires the unit to rank among the first three eligible units. - Once approved, the booster amount is released in accordance with the scheme's terms, usually subject to verification of asset creation and adherence to policy guidelines.

Applications are assessed by a committee drawn from the Department of Industries, the Finance Department and other bodies. Evaluation centres on whether the project qualifies as 'mega' or 'ultra-mega', whether it falls within the notified 'Sunrise sectors', and whether it ranks among the first three units to apply under the applicable conditions — for Data Centers, a minimum capacity of 10 MW.

The committee also weighs the project's effect on the state's economy, the jobs it would create and the technology it brings, alongside checks that every policy provision has been met.