Rajasthan Chief Minister Bhajan Lal Sharma is spearheading efforts to boost industrial growth in the state with the upcoming launch of an investor-friendly industrial policy. The state government is currently in the process of formulating a new Industrial Policy-2024 that aims to create new employment opportunities for the youth while focusing on ease of business and sustainability.
One of the key features of the new policy is the establishment of theme-based industrial parks and the streamlining of goods transportation processes. With the industry contributing around 24% of the state GDP, the policy is designed to attract investment and promote economic growth.
In line with the government’s focus on green technology and research and development, the policy will also encourage the use of environmentally friendly practices in industrial operations. Additionally, plans are underway to set up a Rajasthan Petro Zone (RPZ) in Balotra and a defence manufacturing hub to further diversify the industrial landscape of the state.
To attract global companies to Rajasthan, the government is planning to establish an ‚Amrit Global Technology and Application Centre‘ in Jaipur at a cost of Rs 200 crore. This center will serve as a single-window setup to facilitate investment from international companies and promote technological innovation in the state.
Infrastructure development is also a key component of the industrial policy, with plans to enhance facilities at various industrial parks across Rajasthan. These include improvements at a textile park in Bhilwara, a ceramic park in Bikaner, an industrial and logistical hub near Bandikui–Dausa, and several other specialized manufacturing parks in different regions of the state.
Furthermore, the government is allocating over Rs 175 crore for infrastructure upgrades in Rajasthan State Industrial & Development Corporation (RIICO) industrial areas to support the growth of existing industries and attract new investments.
Overall, the Rajasthan government’s proactive approach towards industrial development through the new Industrial Policy-2024 is expected to stimulate economic growth, create job opportunities, and position the state as a favorable destination for domestic and international investors. With a focus on sustainability, innovation, and infrastructure development, Rajasthan is poised to emerge as a thriving industrial hub in the coming years.