In late March 2026, the Government of Rajasthan under Chief Minister Bhajanlal Sharma formally launched the Rajasthan Industrial Park Promotion Policy 2026 — a landmark policy designed to catalyse private and public-private partnership (PPP) based industrial park development across the state. The policy allows multiple development models: fully private ownership, PPP, and hybrid land models supported by the Rajasthan State Industrial Development and Investment Corporation (RIICO). A minimum park area of 50 acres with at least 10 industrial units is mandatory for private parks.

Key incentives include exemption from electricity duty for renewable energy use, concessions in stamp duty and conversion charges, up to 50% reimbursement for Common Effluent Treatment Plants (CETPs), and single-window clearance via the 'Raj Nivesh Portal'. The state government commits to providing water, electricity, and road connectivity to industrial parks, with cost-sharing provisions. The policy is aligned with Make in India and Atmanirbhar Bharat and aims to position Rajasthan as a leading industrial destination alongside existing strengths in minerals (Rajasthan produces 57 mineral varieties), textiles (Bhilwara, Surat-linked units), and gems and jewellery (Jaipur). The initiative complements the Rajasthan Investment Promotion Scheme (RIPS) 2024 and the state's target of reaching a $350-billion economy by 2030.