'Rajasthan Industrial Park Promotion Policy-2026'

• Approval: By the Chief Minister in state cabinet meeting on February 25, 2026.      
• Launched By : On March 18, 2026, by the Chief Minister at the Rajasthan Udyami Samvad Samaroh.
• Key Objectives: Promoting Private Investment: To encourage the establishment of industrial parks in the state through the private sector; MSME Development: To foster Micro, Small, and Medium Enterprises; and Job Creation.
  • To promote holistic industrial park development.
  • To encourage sustainable and inclusive development.
  • To build a future-ready industrial ecosystem.
• Vision: To create a dynamic, sustainable, and innovative industrial ecosystem that drives economic growth, enhances employment opportunities, and supports community development through strategic planning, collaboration, and investment.
• Scope: This policy provides a structured framework for the planning, development, operation, and management of both general and sector-specific industrial parks in Rajasthan.
• It applies to industrial parks developed through private or Public-Private Partnership (PPP) modes, encompassing incentives and financial assistance, regulatory and procedural facilitation, as well as institutional support for project implementation and long-term maintenance.
• Duration of the Policy: Shall remain effective for a period of five years from the date of notification, or until it is superseded by a new policy-whichever occurs earlier.
• Implementing Agency:
  • For land allotted by RIICO (under Lease/PPP Model) ® RIICO
  • For land acquired and arranged by the Developer themselves ® Commissioner, Department of Industries and Commerce, Government of Rajasthan
• Competent Authority: For the identification/designation of a Private Industrial Park at a specific location under Models 'A' to 'D' ® Department of Industries and Commerce, Government of Rajasthan
• Eligible Fixed Capital Investment (EFCI): As defined in RIPS-2024 "the total investment made by an enterprise in fixed assets up to the date of commencement of commercial production or operation"
• Green Incentives: To promote the sustainable and eco-friendly development of Industrial Parks, Green Incentives provided by the State Government shall be distributed as follows:
  • 20% (Maximum Rs. 2.5 Crores) ® By the State Government
  • 40% (Maximum Rs. 5 Crores) ® By the Rajasthan State Pollution Control Board (RSPCB)
  • 40% (Maximum Rs. 5 Crores) ® By RIICO
• Asset Creation Incentive (Any one of the 3)

•  Application Process: All applications are to be submitted through the 'Raj Nivesh Portal' under the Single-Window System.
• Key Provisions and Features:

            1. Four Models of Development: Four categories for the development of industrial parks-

             2.     Eligibility Criteria:

• • The area of the Industrial Park must be at least 50 acres, and a minimum of 10 units must be established within such an Industrial Park.
  • Under this Policy, 50 acres shall be considered the minimum eligible area; furthermore, under Development Models B and D, there shall be no upper limit on the area of the Industrial Park.

             3.     Capital Grant - The first 10 park developers will be given a capital grant of 20%, the limits of            which are as follows:

            4.   Infrastructure and Pollution Control-

• • Approach Roads: The State Government will bear 60% of the expenditure incurred on road construction leading to the park
    • Maximum Rs. 3 Crore.
  • CETP (Common Effluent Treatment Plant): 50% reimbursement of expenditure by the State Government
    • Maximum Rs. 12.5 Crore.

             5.   Additional Financial Benefits-

• • Electricity Duty: 100% exemption on captive renewable energy for a period of 7 years.
  • Stamp Duty: 25% exemption on Stamp Duty and Conversion Charges.
  • RIPS-2024: Additional incentives under RIPS-2024 for 'Plug-and-Play' office complexes.

[RAS Mains-GS-I: Rajasthan Economy- Schemes]

1. Describe the key objectives and features of the ‘Rajasthan Industrial Park Promotion Policy-2026’. How will this policy contribute to the industrial development of the state?
2. How does the ‘Rajasthan Industrial Park Promotion Policy-2026’ encourage Micro, Small, and Medium Enterprises (MSMEs). Suggest the challenges associated with the implementation of this policy, along with potential solutions?