be established in the State. Further, sectorspecific parks like Electronic Manufacturing Cluster, Medical Devices Park, FinTech Park, Apparel Park, Solar Park, Auto Zone, Ceramic & Glass Zone, Electric Vehicle Zone, etc., are also available to enable cluster based development. Besides this, there are IT parks at Jaipur, Jodhpur, Kota, and Udaipur. Agro Food Parks at Kota, Jodhpur, Sriganganagar, and Alwar. A Gems and Jewelry Zone at Jaipur, and a Cable Zone and Garment Zone at Bhiwadi. The State also has India’s first country-specific zone, i.e., the Japanese Zone at Neemrana where 45+ units are currently in operation. Further, Rajasthan recently announced the opening of a FinTech Park at Jaipur which is expected to roll out in FY22. Source: 1. Department of Industries & Commerce, Rajasthan. 6. Ministry of Road Transport and Highways. 7. Statista: Route length of railways across Rajasthan in India Rajasthan Investment Promotion Scheme 2022 10 1.3 Natural Resource Advantage Rajasthan meets over one-third of its energy requirements through renewable energy. With about 325 clear sunny days per year and the highest solar radiation, at 5.72 kWh/sqm a day2, in the country, the State offers great potential for the development of solar energy and its ancillary industries. Currently, the State has the largest solar power generation installed capacity of over 13,000 MW in the country2 along with having one of the world’s largest Solar Parks, situated in Jodhpur. As far as mineral wealth is concerned, Rajasthan is the second largest mineral producing State of the country in terms of value. Producing 82 major and minor minerals8, the State offers rich opportunities in mining, extraction, and value addition. Rajasthan is the sole producer of Zinc and Lead in India and the largest producer of Limestone, Rock Phosphate, Selenite, Gypsum, Silver, Copper Ore, Potash, Sandstone, and Marble. Makrana region is a world-famous center for marble mining. Separately, Rajasthan is the largest onshore producer of Crude Oil and second largest producer of Natural Gas, after Assam, in India. Besides mining and mineral extraction, opportunities exist in the manufacturing of ceramic tiles, sanitary-ware & insulators, porcelain and Bone China tableware, refractories, glass, bio-ceramics, industrial ceramics, etc. Specifically, the State has an exclusive Ceramic & Glass Industrial hub spread over 750+ acres at Neemrana. Exhibit 2: Rajasthan has a huge advantage in terms of natural resources vs other peer States Source: InvestIndia; Economic Review of Rajasthan 2021-22; Ministry of Petroleum & Natural Gas, 2021-22; Indian Minerals Yearbook 2021-22 Sole producer of Zinc & Lead in India One of the largest producers of mustard, bajra, spices & coriander Largest producer of Marble, Limestone and Sandstone 2nd largest producer of oilseeds & coarse cereals One of the largest reserves for Granite, Potash and Feldspar Largest producer of medicinal and aromatic crops Largest mineral producing State in value 2nd largest producer of milk 2nd largest producer of Crude Oil Largest producer of wool and blended fabric Highest potential for solar energy One of the most preferred tourist destinations Source: 2. Rajasthan Economic Review 2021-22. 8. Indian Minerals Yearbook 2021-22. Rajasthan Investment Promotion Scheme 2022 11 1.4 Skilled Manpower 1.5 Effective Governance 1.6 Law & Order Rajasthan has the advantage of qualified manpower as it is home to premier educational institutions like IIT Jodhpur, IIM Udaipur, BITS Pilani, MNIT, Jaipur, LNMIT, Jaipur, NLU, NIFT, IICD, FDDI, NIPER, etc. There are 100+ engineering colleges, 1,600+ ITIs, 220+ polytechnics, and dedicated Skill Universities9 which further augment its educational infrastructure. The State Government is committed to Human Resource development and has actively promoted private sector participation in setting up training and skilling institutes. To develop a conducive business environment for all investors, the Government of Rajasthan has taken multiple measures to create supportive infrastructure and progressive industrial policies. Rajasthan has also introduced the ‘One Stop Shop’ to provide various approvals and clearances under one roof to further facilitate Ease of Doing Business within the State. Under this policy, 14 departments have been brought under one roof and clear timelines have been laid down for various approvals and clearances required by new and existing enterprises. Further, in a significant step towards facilitating aspiring Micro, Small, and Medium Enterprises (MSME) entrepreneurs, Rajasthan has become the first State in the country to exempt clearances and approvals, required under State Laws for establishment of new MSMEs, for an initial period of 3 years. The State has also established functioning bodies such as the Rajasthan State Industrial Development and Investment Corporation (RIICO) and the Bureau of Investment Promotion (BIP) to drive industrialization, facilitate new investments, and handhold existing and potential investors to successfully implement their projects. Rajasthan’s excellent law and order environment and harmony provides a sense of safety and well being that act as strong basis for enterprises to attract and retain competent talent. The state’s peaceful labor relations provide an enabling condition for business stability and ensures continuous business productivity that make Rajasthan a globally competitive destination choice for setting up and running a business. Source: 9. Education department, Rajasthan. Rajasthan Investment Promotion Scheme 2022 12 01. Strategic Location & Connectivity: Rajasthan borders five major States in the northern, western and central parts of India, making it an important trade and commerce center. The State also has one of the largest road and rail network in the country providing excellent first and last mile connectivity. 02. Robust Infrastructure: The State has developed sector specific infrastructure, such as special purpose industrial parks and special economic zones (SEZs) for exports of handicrafts, IT and electronic goods among others. 03. Natural Resource Advantage: The State is one of the largest agro-based products and minerals producer in the country. Rajasthan also has immense potential for electricity generation through renewable energy sources and wind power. 04. Skilled Manpower: Rajasthan has significantly invested in capacity building and has renowned higher education institutions in various disciplines, producing thousands of skilled and proficient young individuals every year 05. Effective Governance: Rajasthan has introduced several progressive industrial policies along with strengthening institutional mechanisms such as the ‘One Stop Shop’ to facilitate Ease of Doing Business within the State. 06. Law & Order: Rajasthan has a favorable industrial relations environment. In addition, the law & order situation in the State ensures a good working environment. Rajasthan Investment Promotion Scheme 2022 13 Need for a New Policy For any State, an enabling policy environment is key to attracting investments. The Rajasthan Industrial Development Policy 2019 and the Rajasthan Investment Promotion Scheme (RIPS) 2019 have given a significant fillip to incoming investments while sector specific policies have also been introduced for individual sectors which hold priority for the State. Rajasthan Agro-Processing, the AgriBusiness and Agri-Export Promotion Policy 2019, Rajasthan Solar Energy Policy 2019, the Rajasthan Wind and Hybrid Energy Policy 2019, the Rajasthan Ethanol Policy, and the Rajasthan Tourism Policy 2020 have been introduced to create a conducive business environment for enterprises to invest and thrive in the State. Cognizant of the changing economic and technological landscape, especially in the post COVID era, Rajasthan has been proactively revising its investment policies to engender robust and enduring growth. RIPS 2022 is an organic and dynamic policy framework which has been designed to further propel Rajasthan as a preferred investment destination across all sectors. This policy has integrated and harmonized the priority sectors and categories to create an overarching policy framework for Rajasthan. The primary focus of the policy is to promote distributed development, create employment opportunities and drive economic growth. This will also enable the State to augment its research & innovation capabilities and meet its climate and sustainability targets. Further, new incentives such as Turnover linked incentive, Capital Subsidy, and Cluster Incentive have been introduced to provide investors with greater choice and flexibility. Additionally, the State recognizes the need to strengthen its infrastructure offerings to promote a conducive business environment for all investors across the country. State realizes the need for development of entrepreneurship amongst SC/ST enterprises, which is evident by various development interventions, especially, Dr. B R Ambedkar Special Incentive Package for SC/ST Enterprises. This policy further offers special packages for investment in backward and tribal areas, in tune with state’s commitment to promote inclusive and economic development. With this policy, Rajasthan will reaffirm its commitments to generate more employment opportunities, foster inclusive development, encourage innovation, and achieve its climate and sustainability goals.
Application form for Ground Rent Subsidy Scheme
Notification of the Scheme for reimbursement of ground rent/ participation fees paid for participation in Approved International Trade Fairs/Exhibition
The new Foreign Trade Policy 2023 has been released on 31.03.2023. The new Foreign Trade Policy shall provide policy continuity and a responsive policy framework for promoting India’s Exports of Goods and Services.
Frequently ask questions(FAQ)
Medical Devices Park, FinTech Park, Apparel Park, Solar Park, Auto Zone, Ceramic & Glass Zone, Electric Vehicle Zone, etc., are also available to enable cluster based development. Besides this, there are IT parks at Jaipur, Jodhpur, Kota, and Udaipur.
Medical Devices Park, FinTech Park, Apparel Park, Solar Park, Auto Zone, Ceramic & Glass Zone, Electric Vehicle Zone, etc., are also available to enable cluster based development. Besides this, there are IT parks at Jaipur, Jodhpur, Kota, and Udaipur.
Medical Devices Park, FinTech Park, Apparel Park, Solar Park, Auto Zone, Ceramic & Glass Zone, Electric Vehicle Zone, etc., are also available to enable cluster based development. Besides this, there are IT parks at Jaipur, Jodhpur, Kota, and Udaipur.
Medical Devices Park, FinTech Park, Apparel Park, Solar Park, Auto Zone, Ceramic & Glass Zone, Electric Vehicle Zone, etc., are also available to enable cluster based development. Besides this, there are IT parks at Jaipur, Jodhpur, Kota, and Udaipur.
Medical Devices Park, FinTech Park, Apparel Park, Solar Park, Auto Zone, Ceramic & Glass Zone, Electric Vehicle Zone, etc., are also available to enable cluster based development. Besides this, there are IT parks at Jaipur, Jodhpur, Kota, and Udaipur.
