The Rajasthan government is set to introduce a new investor-friendly industrial policy aimed at boosting economic growth and creating employment opportunities. According to an official from the state industry department, the formulation of the Industrial Policy-2024 is currently underway, and it promises to reshape the industrial landscape of the state.
The forthcoming policy is designed to enhance the ease of doing business while promoting sustainability. “The process of formulating a new industrial policy by the state government is underway. This will provide new employment opportunities to the youth,” the official stated. The Industrial Policy-2024 will focus on several key areas, including the establishment of theme-based industrial parks and streamlining goods transportation to reduce logistical challenges.
Industry plays a crucial role in Rajasthan’s economy, contributing approximately 24 percent to the state’s GDP. The new policy aims to further bolster this sector by integrating green technology and advancing research and development efforts. This emphasis on innovation and sustainability is expected to attract new investments and drive industrial growth.
In addition to these measures, the policy will introduce notable infrastructure projects, including the establishment of a Rajasthan Petro Zone (RPZ) in Balotra. The RPZ is envisioned to become a major hub for petrochemical industries. A dedicated search for suitable locations for this zone is already underway.
Another significant development under the new policy will be the creation of a defense manufacturing hub. The government is actively identifying potential areas for this initiative, which is expected to strengthen the state’s position in the defense sector and generate additional job opportunities.
The Industrial Policy-2024 reflects Rajasthan’s commitment to fostering a conducive environment for investment and industrial growth, while also addressing the need for sustainable development and technological advancement. The state’s proactive approach in planning these initiatives underscores its ambition to become a leading destination for industrial investment and innovation.
