Stallion India Fluorochemicals Limited (SIFL) has announced that its upcoming greenfield R-32 refrigerant manufacturing facility in Bhilwara, Rajasthan, will benefit from the Rajasthan Investment Promotion Scheme (RIPS) 2024. The state-backed policy, designed to boost manufacturing, green growth, and technology-driven industries, offers extensive incentives for eligible projects.

 

The Bhilwara project qualifies under both the Manufacturing and Startup categories, unlocking access to capital subsidies, investment incentives, interest subventions, turnover-linked benefits, and employment-linked perks, with visibility of incentives for up to ten years from commercial production.

 

“Our expansion in Rajasthan qualifies under the manufacturing category of the Rajasthan Investment Promotion Scheme (RIPS) 2024 and also falls within the startup framework, enabling access to a comprehensive suite of incentives. Under RIPS 2024, our Rajasthan project is eligible for capex-linked incentives that, through a combination of capital subsidy, asset-creation incentives and applicable top-ups, for the eligible fixed capital investment, significantly enhancing project returns. 

 

"These include capex-linked subsidies (like 75% SGST exemptions), along with capital and performance-linked incentives, interest subvention and employment-linked benefits,” said Shazad Rustomji, Managing Director & CEO of Stallion India Fluorochemicals Limited.

 

He added, “In addition to capital and performance-linked incentives, under RIPS-2024 investments in manufacturing projects in Rajasthan will be eligible for multiple fiscal exemptions and reimbursements...

 

"We are studying the benefits available to the company under RIPS-2024 for the project. This strong policy support significantly enhances project viability, cash flow profile and long-term return visibility. The State’s focus on green growth, export promotion and high-technology manufacturing aligns closely with Stallion’s strategy of building globally competitive, environmentally responsible and technology-led manufacturing assets.”