The economic development of the state is mainly dependent on the contribution of industries. The state is a land of rich heritage, art, culture and abundant natural resources. The 27.8% contribution of industries in Rajasthan’s economy is growing continuously. The policies are developed with a view of promoting balanced, sustainable and eco-friendly industrial development. They are also creating employment opportunities, developing infrastructure and promoting regional industrialisation. All the policies encourage businesses to invest in Rajasthan and emerge as the most preferred investment destination in India.
There are various policies for every section of the industry. From MSME Act for budding enterprises to Tourism Policy, all targeted to improve the engagement and development of the state. Some major proposals are fostering entrepreneurship and innovation, strengthening sectors like Textile, Agro Food Processing, Auto Components, Mines & Minerals, and Service Sector. These policies also offer various fiscal incentives to enterprises and exemption from permissions and inspections for a certain period, which helps them greatly to set up the industry.
To enhance the convenience of doing business in various states in India, the Department for Promotion of Industry and Internal Trade (DPIIT) initiated a study to assess States on reform parameters to ease of doing business. The document highlights promising practices in various areas that require institutionalized for States, DPIIT conducts a ranking of implementation of reforms per annum.
Rajasthan has been consistently ranked amongst the TOP 10 states in India by DPIIT & World Bank EoDB ranking since 2015. In the year, 2019 Rajasthan ranked 8th position among other states in India and has been recognized in the 'Aspirers' category.
Industry-wise Policies
Flagship Initiatives
- MSME Act
The Rajasthan Enterprises Single Window, Enabling and Clearance Act, 2011
The Act allows for the faster and time-bound issuance of various licenses, permissions, and approvals, as well as the activation of an alternative single window clearing procedure if competent authorities fail to act on time, to support an investor-friendly environment in Rajasthan.
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- One Stop Shop Scheme
The One Stop Shop Scheme is for fast tracking investment and capacity expansion proposals by facilitating time bound approvals and clearance in Rajasthan. It has a facility in Bureau of Investment Promotion to facilitate investment proposals (above Rs 10 crore) more effectively and expedite requisite approvals / clearances for the same under one roof.
- The Rajasthan Enterprises Single Window, Enabling and Clearance Act, 2011
The Act allows for the faster and time-bound issuance of various licenses, permissions, and approvals, as well as the activation of an alternative single window clearing procedure if competent authorities fail to act on time, to support an investor-friendly environment in Rajasthan.
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- Rajasthan Investment Promotion Scheme – 2022
The Rajasthan Investment Promotion Scheme provides advantages to manufacturing and service sector enterprises. In addition, the initiative intends to create employment and encourage rapid, sustainable, and balanced economic growth in Rajasthan.
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IT & ITes
- Rajasthan E-Governance & IT & Ites
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- Rajasthan Incentive scheme for BPO Center and KPO center, 2011
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- Policy for use of shared IT infrastructure
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Mineral
- Rajasthan Mineral Policy, 2015
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Investment
- Rajasthan Investment Promotion Scheme, 2022
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- Rajasthan MSME Policy, 2022
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Industrial
- Rajasthan Industrial Development Policy 2019
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Renewable Energy
- Rajasthan Wind & Hybrid Energy 2019
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- Rajasthan Solar Energy Policy, 2019
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- Policy for generation of Electricity from Wind, 2012
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- Policy for promoting generation of Electricity from Biomass, 2010
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Infrastructure
- Rajasthan Land Allotment Policy, 2015
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Tourism
- Rajasthan Tourism Unit Policy 2015
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- Rajasthan Tourism Policy, 2020
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- Rajasthan ECO Tourism Policy, 2010
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- Rajasthan Film Tourism Promotion Policy, 2022
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