Ram Ratna Wires bags approval under Rajasthan Investment Promotion Scheme for Bhiwadi Plant

Ram Ratna Wires Ltd., a leading manufacturer of super enameled copper winding wires in India, has announced that its Bhiwadi plant has been approved under the Rajasthan Investment Promotion Scheme (RIPS-2024). This approval entitles the company to receive Turnover Linked Incentive of 1.32% (in % of EFCI), along with Electricity Duty Exemption for 7 years and 25% Stamp Duty Reimbursement. The Bhiwadi facility is expected to become a major growth driver for the company, strengthening Ram Ratna Wires Ltd.'s manufacturing capabilities and enabling them to serve high-demand markets more efficiently. The plant will benefit from fiscal incentives that enhance operational efficiency and cost competitiveness, contributing to profitability and reinforcing their leadership position in the industry.