The Rajasthan government under Chief Minister Bhajanlal Sharma has introduced the Industrial Park Promotion Policy 2026, a landmark initiative to attract private investment, boost industrial infrastructure, and generate employment across the state. The policy was announced in late March 2026 and positions Rajasthan as a future-ready industrial destination aligned with national goals like Make in India and Atmanirbhar Bharat. Under the new policy, industrial parks can be developed through four models: fully private development, hybrid land-sharing arrangements, and public-private partnership (PPP) mode. A minimum area of 50 acres and at least 10 industrial units are mandatory for private parks. RIICO (Rajasthan State Industrial Development and Investment Corporation) has been designated as the nodal agency responsible for land allotment, infrastructure development, and investor coordination. The government will provide basic infrastructure including water, electricity, and road connectivity to industrial parks under cost-sharing provisions. Key incentives include exemption from electricity duty for renewable energy use, concessions in stamp duty and conversion charges, and a single-window clearance system through the Raj Nivesh Portal. The policy encourages balanced regional development by prioritizing industrial parks in less-developed districts and tribal areas. It also promotes green and sustainable industrial practices, including mandatory green belt zones and waste treatment facilities. The policy is expected to generate over 2 lakh direct and indirect jobs and attract ₹50,000 crore in investment over the next five years. It aligns with the Rajasthan Investment Summit 2024 commitments and signals the state's intent to compete with industrially advanced states like Gujarat and Maharashtra.