Rajasthan Chief Minister Launches Nine New Policies to Boost Investment

Jaipur, Dec 4 (NationPress) Rajasthan's Chief Minister Bhajan Lal Sharma unveiled nine new initiatives designed to stimulate the state’s economic progress during a ceremony at the Chief Minister's Office.

Sharma underscored the importance of these initiatives, characterizing them as a vital measure to establish Rajasthan as a prominent state within the nation.

"These policies are set to not only draw significant investment but also create job opportunities for millions of young individuals," he stated.

He highlighted the incorporation of innovative approaches aimed at ensuring economic advancement, prosperity, and job creation.

The Chief Minister remarked that these policies would lay the groundwork for enhancing investments leading up to the Rising Rajasthan Global Investment Summit.

"This signifies a new era for the state, fostering an investment-friendly atmosphere and paving the way to double Rajasthan's economy," he added, inviting industrialists and investors to participate in the state's development journey.

Key features of the policies include the MSME Policy 2024: This initiative is crafted to bolster micro, small, and medium enterprises (MSMEs), providing additional interest subsidies, support for technical advancements, and assistance with quality certification to empower local businesses in the global market.

Export Promotion Policy 2024: This policy seeks to alleviate logistical hurdles and furnish exporters with necessary resources for documentation, technical upgrades, and engagement in international events, ensuring that Rajasthan's products achieve global recognition.

One District-One Product (ODOP) Policy: This initiative aims to elevate district-specific crafts and products, boosting the income of artisans, farmers, and manufacturers through integrated infrastructure and financial backing.

Cluster Development Scheme: This scheme is designed to enhance productivity and quality, supporting artisans, handloom, and MSME sectors by developing cluster-based projects that align with international standards.

AVGC & XR Policy 2024: This policy promotes innovation in animation, visual effects, gaming, comics, and extended reality (XR) by encouraging local talent and establishing Atal Innovation Studios and Accelerators.

New Tourism Unit Policy 2024: This initiative aims to rejuvenate Rajasthan's tourism sector, encouraging private sector investments that create new opportunities and enhance the state's tourism infrastructure.

Integrated Clean Energy Policy 2024: Focusing on renewable energy sources like solar, wind, green hydrogen, and energy storage, this policy will utilize Rajasthan's strengths as a leader in clean energy production, backed by MoUs and investments exceeding ₹6.5 lakh crore.

Mineral Policy 2024: This initiative aims to increase the mineral sector's contribution to the GDP from the current 3.4% to 5% by 2029-30, leveraging Rajasthan's rich mineral reserves while ensuring job creation and revenue growth.

M-Sand Policy 2024: This initiative advocates for the adoption of manufactured sand (M-Sand) as a substitute for traditional gravel in construction, aiming to minimize environmental impact and reduce construction expenses.

Deputy Chief Minister Diya Kumari announced plans to conduct an investment conference to further improve Rajasthan's business environment.

"Under the leadership of Chief Minister Sharma, the emphasis on the ease of doing business is being prioritized to position Rajasthan as a premier investment destination," she stated.