Rajasthan’s state cabinet has recently approved several key policies, including the Textile and Apparel Policy, Data Centre Policy, and Logistics Policy, aimed at boosting economic growth and attracting significant investments.
Key Details of the Policies:
- Textile and Apparel Policy:
- This policy is expected to draw in an investment of nearly ₹40,000 crore.
- The goal is to transform Rajasthan into a global manufacturing hub for textiles, promoting sustainable growth and increasing the competitiveness of local producers in international markets.
- The policy seeks to foster job creation and boost exports from Rajasthan’s textile and apparel sectors.
- It is designed to complement the state’s efforts to develop industry infrastructure and support manufacturers through financial incentives and support for skill development.
- Logistics Policy:
- This policy focuses on improving infrastructure in the logistics sector and attracting private investment.
- As part of this initiative, up to 10 percent of allocatable land in new RIICO (Rajasthan State Industrial Development and Investment Corporation) industrial areas will be reserved for logistics facilities.
- The logistics policy is aimed at streamlining the supply chain and enhancing the efficiency of transportation, which is crucial for industries like textiles.
- Rising Rajasthan Global Investment Summit:
- These policies were introduced to facilitate the implementation of various memoranda of understanding (MoUs) signed during the ‘Rising Rajasthan Global Investment Summit’.
- The summit brought in significant interest from investors, and the policies are seen as a way to operationalize these commitments by creating a conducive environment for investment and business development in the state.
Overall, these policies are expected to position Rajasthan as a key player in both the textile and logistics sectors, fostering industrial growth and making the state more attractive for both domestic and international investments.
