GOVERNMENT'S POLICIES FOR ECONOMIC GROWTH 

 

It is the Vision of Government of Rajasthan to be a developed state where people get ample opportunity to achieve economic prosperity and happiness. The Govt. has taken firm and effective steps to provide an environment conducive to economic and social growth. These steps included formulation of investment friendly policies, create a positive environment for investment into industrial development and to ensure prosperity of the state.

 

Advantages of Rajasthan:

 

• One of the first states to move on the Central Government's new liberalization policies Rajasthan has a very investor-friendly climate.
• Well administered State government.
• Abundance of agricultural and mineral resources, including significant deposits of lignite for potential power generation.
• Rajasthan has set up a Bureau of industrial Promotion which acts as an interface between industrial and various Government departments to save the industrialists the "fret and sweat involved in getting through the formalities and procedures related to establishing an industrial unit in the State."
• Congenial labour relations and an acceptable level of work culture.
• 4,500 sq. km. of Alwar District of Rajasthan lies in what is considered the "National Capital Region" centred around New Delhi, is being developed as an industrial growth centre with considerable central government investment in infrastructural facilities.
• The Government of Rajasthan recognises that constraint-free infrastructure provisioning fosters economic and industrial activities conducive to sustainable development and inclusive growth. It also recognizes that the private sector can play a significant role in infrastructure development, and that given the investor-friendly and transparent policies and frameworks, private investment can be facilitated. A series of Policy initiatives taken by the Government of Rajasthan in the last few years, has removed many roadblocks to the private sector's entry in Infrastructure.
• Rajasthan was the first State in the country to adopt the International Competitive Bidding route for setting up power projects. & It was also that first in the country to announce a State Road Policy (1994), facilitating private investment in the Roads sector. The Mineral Policy has promoted scientific exploration and exploitation of the State's rich minerals, the Industrial Policy and Investment Policy have brought about a significant change in the investment climate.

 

Other major policies that have fostered sector-specific investments in the State are:

 

• Mineral Policy (1994)
• Information Technology Policy (1997)
• Industrial Policy (1998)
• Tourism Policy (2001)
• Investment Policy (2003)
• Bio-Technology Policy (2004)
• Non-Conventional Energy Policy (2004)
• Power Generation Policy (2005)
• Hotel Policy (2006)
• Health Care Facilities Policy (2006)
• Social Sector Viability Gap Funding Scheme (2007)
• IT and ITeS Policy (2007)