BR@Bureau
The government of Rajasthan has approved the Rajasthan Industrial Park Incentive Policy 2026, a major initiative aimed at expanding industrial infrastructure by encouraging private developers to establish industrial parks across the state. The policy, cleared by the state cabinet on Wednesday, seeks to promote private investment, accelerate industrial development, and generate large-scale employment opportunities.
Under the policy framework, the state government has introduced four different development models for setting up industrial parks, providing flexibility to private developers and investors.
Four Development Models Introduced
According to the policy, the first model allows industrial parks to be developed on land allotted by Rajasthan State Industrial Development and Investment Corporation. In this model, RIICO will provide land to developers who will then develop industrial infrastructure and attract industrial units.
Under the second model, private developers will acquire 80 percent of the required land, while the remaining 20 percent will be allotted by RIICO at prescribed government rates.
The third model gives developers complete freedom to arrange and develop the entire land independently, enabling fully private industrial park development.
The fourth option provides for industrial parks to be developed under the Public-Private Partnership (PPP) model, allowing collaboration between the government and private investors to create large industrial zones.
Officials say these multiple models will help accelerate the pace of industrial park development and attract a wider range of investors.
Minimum Land Requirement for Industrial Parks
The policy also sets clear eligibility criteria for establishing industrial parks. Developers must have a minimum of 50 acres of land and ensure the presence of at least 10 industrial units within the park.
The requirement is aimed at ensuring that industrial parks are developed at a scale that supports manufacturing ecosystems, logistics facilities, and supporting infrastructure.
Capital Subsidy for Infrastructure Development
To encourage developers, the state government has announced significant capital subsidies for infrastructure development within industrial parks.
Industrial parks with an area of up to 100 acres will be eligible for subsidies of up to ₹20 crore. Parks developed on 100 to 250 acres of land will receive up to ₹30 crore, while parks larger than 250 acres will qualify for a subsidy of up to ₹40 crore.
In addition to this support, the government will provide green and environmental incentives of up to ₹12.5 crore per industrial park. These incentives are intended to promote environmentally sustainable industrial development and encourage adoption of green technologies.
Additional Financial Incentives
The policy also includes several additional benefits for developers. These include exemptions in stamp duty and land conversion charges, making land acquisition and development more affordable.
Industrial parks adopting renewable energy solutions will also receive rebates in electricity duty, encouraging sustainable industrial practices.
The government has further announced financial assistance of up to ₹3 crore for the construction of approach roads leading to industrial parks, ensuring better connectivity and accessibility for industries operating within these zones.
RIICO to Act as Nodal Agency
A senior official from RIICO said that all applications and approvals under the policy will be processed through the RajNivesh portal, the state government’s online platform for investment facilitation.
RIICO has been designated as the nodal agency responsible for implementing the policy and coordinating with developers and government departments.
Officials believe that the new policy will significantly strengthen the state’s industrial ecosystem and accelerate the development of new industrial hubs.
Boost to Industrial Growth
The Rajasthan Industrial Park Incentive Policy 2026 is expected to attract large-scale private investment in industrial infrastructure, while also supporting the growth of manufacturing and MSME sectors.
Industry experts say that by involving private developers in industrial park development, the state government aims to speed up infrastructure creation and position Rajasthan as one of India’s leading industrial destinations in the coming years.
