Industrial Policy-Rajasthan
The Chief Minister of Rajasthan, Shri Ashok Gehlot's vision was articulated by him in the following words: "I have a dream of seeing Rajasthan as the country's most developed, literate, healthy and self-sufficient state."
The principal objective of the new Policy is to make Rajasthan the most preferred State for investment in the identified sectors and to ultimately achieve global competitiveness. While governed by this basic goal, the Policy will lay special emphasis on accelarating the overall pace of industrial growth, increasing employment opportunities, improving productivity, ensuring sustainable development and strengthening the SSI, tiny and cottage industry sectors.
Major Strengths
Rajasthan is abundant in mineral wealth and holds a share of about 24 per cent in the total national production of non-metallic minerals. The State contributes around 90 per cent of the national output of rock phosphate, 100 per cent of the output of natural gypsum and 10 per cent of the output of limestone.
An ideal springboard for entry into the Indian region; a resource-rich State; one of the largest mineral deposits in the country; a transparent and responsive bureaucracy; a leader in reforms; the most picturesque part of India.
Incentives for Investors
New Industries Exempted from Income Tax in 12 Backward Districts of Rajasthan as per a decision taken by the Central Government, new industries in 12 backward districts of Rajasthan have been exempted from income tax. These 12 districts are among the 123 such backward districts in the country. Among these 12 districts, five are in Category "A" and seven in Category "B" (see the list below). New industries in Category "A" will get a cent per cent exemption for the first five assessment years, and for the next five assessment years, 25-per cent exemption. It will be 30 per cent in the case of companies. While the new industries in Category "B" districts will get a cent per cent exemption for three assessment years; and for the next five assessment years 25-per cent exemption; but 30 per cent in the case of companies.
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