New Delhi: Delhi government is coming out with an industrial policy aimed at generating jobs while making the national capital an innovation and technology hub. The draft policy has been made public, seeking suggestions till July 30.
Delhi’s Industries Minister Manjinder Singh Sirsa’s suggestions from experts on increasing investment in artificial intelligence (AI), big data, banking and financial services, insurance, gaming, animation, biotechnology, along with information technology and related services, have been incorporated in the draft policy.
He said that the common people can give their suggestions till July 30 on comind@nic.in, after which the policy will be finalised and implemented. This policy will be valid for the next decade till a new one is formulated.
According to him, the draft policy mentions that scarcity of office space has led to the slowing down of the IT sector in Delhi. The government plans to provide better power and transport connectivity along with more office space. It mentions that companies investing continuously for five years on projects up to Rs 50 crores will be reimbursed up to 50% of their capital cost. In addition, there are facilities like subsidy on interest, return of state Goods and Services Tax (GST) and assistance in filing patents.
The policy focuses on encouraging emerging technology sectors like Fintech, Biotech and AI with a proposal to set up a venture capital fund of Rs 400 crores.
There is a proposal to organiSe a global investors summit and other programmes. Presently, Delhi has 32 planned and 27 unplanned industrial areas.
The new policy is aimed at strengthening the IT sector to generate more employment and attract more investment. The government wants to draw a plan to get big global technological companies to set up their headquarters in Delhi.
The government is moving towards strengthening high cost sectors while making commercial and industrial spaces available with their optimum utilization. In addition to this, the focus is on improving the transport and logistical set up besides developing an administrative mechanism for proper policy implementation.
The government also plans to lay emphasis on the research and development sector, besides promoting the hospitality sector.
Another focus of the proposed policy is to encourage startups. The government also intends to make a balanced use of land and environmental resources.
Meanwhile, Delhi’s Tourism, Art, Culture and Languages Minister Kapil Mishra held a meeting with the officials of his ministry and representatives of event management companies to find ways and means to make Delhi a global event hub. The purpose is to promote innovations in arts, culture, films, music, fashion designing, literature, holding live events and destination weddings through the public-private partnership (PPP) model.
The discussions also focused on making a roadmap to develop Delhi as a global cultural leader of India. A proposal was presented to start a digital single window clearance system that aims at providing permissions and licenses to event organisers on a single digital platform.
The issues pertaining to providing financial and marketing assistance to multi-platform sponsorship model, strategic capital subsidy programme and MICE (Meetings, Incentives, Conferences and Exhibitions) sector were also discussed.
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