Editor Mr.Mayank Rawat ( Chief Editor Mr. Rohit Mishra )
New Delhi: Looking to position the city as a prime investment destination, Delhi govt on Tuesday introduced various schemes offering direct advantages to the business community and industrial sector.
“Delhi, which used to be the first choice for investors earlier, lost its sheen due to a lack of policies, hurdles and red tape. We want to start a new chapter and chart a fresh roadmap to attract investors again,” said CM Rekha Gupta, who also holds the finance portfolio.
“The budget highlights the necessity of industrial growth through a new policy which aims to streamline business operations and address compliance challenges. We are also working on giving final touches to the warehousing policy, which will fulfil industry requirements by ensuring secure and efficient storage facilities,” she said, announcing an allocation of Rs 111 crore for the industries sector.
A single-window system will be introduced to give impetus to ‘ease of doing business‘. The budget also outlined plans for regularising industrial zones and converting leased industrial properties to freehold status, in coordination with the ministry of housing and urban affairs and DDA.
Gupta said working conditions in several industrial areas were “very poor” and a developmental programme will be made to improve the situation.
“In approved areas, there was no effort to improve the condition of roads and sewer lines, which is why people are moving to NCR. We are working on projects for their redevelopment,” CM said, adding the decisions were taken after a series of meetings with industries and traders’ associations.
The budget also mentioned a proposal to establish a traders’ welfare board. “It will work on identifying and addressing the problems faced by traders,” said Gupta.
CM said Delhi has immense investment opportunities, especially in IT, banking, tourism, data storage and electronics. To take advantage of this, an investment summit has been planned this year, which will be held every two years thereafter. A budget of Rs 50 crore has been also set aside for skill promotion of cottage industries like poultry, apiary, small-scale handicraft and handloom activities and small-scale food processing.
Mayank Rawat
