The Government of Rajasthan announced plans to introduce 12 new industrial and sectoral policies to accelerate economic development, attract investment, and strengthen the state's industrial ecosystem — building on the momentum of the Rising Rajasthan Global Investment Summit held from 9 to 11 December 2024. These new policies are in addition to 22 sectoral policies already implemented since the BJP government under Chief Minister Bhajan Lal Sharma took office in December 2023. The 12 proposed new policies will cover emerging and strategic sectors including: semiconductor manufacturing and chip design, defence and aerospace manufacturing, green hydrogen production and storage, sustainable industries and circular economy, advanced electronics, medical devices and healthcare manufacturing, financial technology, data centres, logistics and warehousing, agro-processing and food tech, creative industries and animation, and sports infrastructure and sporting goods manufacturing. The policy initiative reflects Rajasthan's strategic effort to diversify its industrial base beyond its traditional strengths in textiles, mining, and tourism. Key investment incentives being designed into these policies include capital subsidy, power tariff concessions, land allotment at concessional rates in industrial zones, SGST reimbursement, and fast-track single-window clearance through the Rajasthan Investment Promotion Scheme (RIPS) 2024. The semiconductor and green hydrogen policies are of particular strategic significance — Rajasthan's vast solar energy potential and land availability make it well-suited for green hydrogen production, while the state's emerging semiconductor aspirations align with India's national semiconductor mission. At the Rising Rajasthan Summit 2024, the state secured investment commitments worth over ₹35 lakh crore across various sectors.