The Rajasthan Cabinet meeting chaired by Chief Minister Bhajanlal Sharma at the CM Office in Jaipur on 22 May 2026 approved a new Rajasthan Industrial Development Policy designed to make the desert state a global industrial hub aligned with the Viksit Rajasthan 2047 vision. The policy is anchored on the four G framework — Green, Governance, Growth and Globalisation — and sets the headline ambition of expanding Rajasthan to a 350 billion US dollar state economy by the financial year 2028-29. Under the Green pillar the policy promotes eco-friendly industrial production, renewable energy clusters and the circular economy. New financial-assistance schemes are introduced for setting up Common Effluent Treatment Plants in both RIICO and non-RIICO industrial areas along with Integrated Resource Recovery Parks for plastic, e-waste and construction-and-demolition waste. The Governance pillar offers a single-window time-bound clearance regime, deemed approvals, and a digital land-bank portal of more than 33,000 hectares. The Growth pillar earmarks targeted incentives for sunrise sectors — semiconductors, data centres, defence and aerospace, electronics system design and manufacturing, electric mobility, green hydrogen and Global Capability Centres. The Globalisation pillar focuses on dedicated export promotion clusters, country-specific investment desks and a Rajasthan Export Development Authority. The Cabinet also cleared related decisions on industrial development, renewable energy procurement, welfare of state employees and pensioners and accessibility schemes for differently-abled persons. The policy operationally aligns with preparations for the Global Rajasthan Agritech Meet at JECC Jaipur on 23 to 25 May 2026.