The Rajasthan government under Chief Minister Bhajanlal Sharma launched the Industrial Park Promotion Policy 2026 in early March 2026, with the aim of positioning Rajasthan as a world-class industrial destination. The policy was introduced to boost economic growth, attract both domestic and global investors, and create large-scale employment across the state.

The policy envisages industrial park development through four models, including fully private development, hybrid land-sharing arrangements and Public-Private Partnership (PPP) mode, supported by the Rajasthan State Industrial Development and Investment Corporation (RIICO). Eligible sectors under the policy include manufacturing, logistics, IT services, hospitality, data centres, and renewable energy.

Key features include a minimum land requirement of 50 acres for establishing an industrial park, capital subsidies of up to ₹40 crore depending on project size, and green incentives including up to 50% reimbursement for effluent treatment plants (capped at ₹12.5 crore). RIICO will function as the nodal agency for land allotment, infrastructure development, and investor facilitation.

The policy aligns with national initiatives such as Make in India and PM GatiShakti, and is expected to generate thousands of direct and indirect jobs, particularly in backward districts. Rajasthan's strategic location — bordering five states and with rail and road connectivity to major ports — makes it an attractive logistics and manufacturing hub under this policy.