The Rajasthan government is planning to bring an investor-friendly industrial policy soon, according to an industry department official.
“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 said.
He said the new Industrial Policy-2024 would be based on ease of business and sustainability.
The new policy will aim to set up theme-based industrial parks and hassle-free goods transportation. The industry contributes around 24 per cent of the state GDP.
The policy will also promote the use of green technology and research and development.
Besides, a Rajasthan Petro Zone (RPZ) has been planned in Balotra along with a defence manufacturing hub. A search for the area where it is going to be established has already been started, the official added.
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To attract global companies to the state, an ‘Amrit Global Technology and Application Centre’ in Jaipur would be set up at a cost of Rs 200 crore. This would be a single-window set up to attract investment from global companies.
The official said that as part of the policy, infrastructure facilities would be improved at a textile park in Bhilwara, a ceramic park in Bikaner, an industrial and logistical hub near Bandikui–Dausa, a solar panel manufacturing park in Kankani/Rohat–Pali, a biomass pellet and chemical manufacturing park in Banswara, a tiles manufacturing park in Kishangarh–Ajmer and a handicrafts Park in Jodhpur.
This, he said, would give a boost to new investments in these parks once the facilities become world class.
Besides, a sum of over Rs 175 crore is planned to be incurred on improving infrastructure facilities in Rajasthan State Industrial & Development Corporation (RIICO) industrial areas.