01182018Headline:

Delhi Industrial Policy, 2010-21

The Industrial Policy for Delhi approved in January 2010, the first comprehensive policy after 1982, pledges to promote hi-tech, knowledge-based and IT-based industries. It announces that the aim of the policy is to make Delhi a hub of “clean, high-technology and skilled economic activities by 2021’’. However, the policy does not have as much fiscal incentives for investors as some of the other states. The space constraint for businesses in Delhi and almost irreversible growth of Gurgaon and Noida have been acknowledged in the policy.

The focus of the policy is on procedural simplification through initiatives like common application form for investment, self certification, clearance given for longer period for knowledge based industries and exemption from various labour and company laws.

No specific fiscal incentives have been announced. It envisions to get some share of knowledge based industry from Gurgaon and Noida.

Separate hi-tech hubs for education, fashion designing, financial services and IT service industries are being planned and the government’s role will include allotting land and providing infrastructure.

IT hub: The policy envisages a hi-tech IT park in Dwarka, to be developed through public-private partnership. Animation industry, biotechnology, pharmaceutical industry and such will come under this.

Read Full Industrial Policy

What Next?

Recent Articles

Leave a Reply

You must be Logged in to post comment.