In a bid to develop the national capital into a sustainable industrial hub and knowledge-based economy in the next 10 years, the Arvind Kejriwal-led Delhi government has finalized the draft of three important policies. These policies, once approved by the council of ministers, aim to transform Delhi into a globally competitive urban economy by leveraging skilled human capital, high-tech industrial development, and services sector.
The industries department of the Delhi government has been proactive in collecting feedback from stakeholders and the general public on three key policies – Delhi Electronic System Design, Manufacturing and Refurbishment (ESDMR) Policy 2022-27, City Logistics Policy, and Industrial and Economic Development Policy 2023–33. This feedback will be crucial in shaping the final policies that will drive the economic growth and sustainability of Delhi in the coming years.
The Industrial and Economic Development Policy 2023–33 is a cornerstone of the government’s vision to make Delhi a sustainable industrial hub and an innovative knowledge-based economy. This policy aims to create a progressive business culture that prioritizes knowledge and innovative technology, while also addressing the practical challenges faced by the city. By leveraging skilled human capital, high-tech industrial development, and services sector, the policy seeks to position Delhi as a leading business destination worldwide.
One of the key components of the government’s strategy is the Delhi Electronic System Design, Manufacturing and Refurbishment (ESDMR) Policy 2022-27. This policy is designed to develop Delhi as a preferred destination for electronics design and manufacturing industries, with a focus on creating new employment opportunities. The proposed Electronics City in southwest Delhi’s Baprola will serve as a hub for new design and manufacturing units, offering employment- and generation-based incentives to attract businesses to the area.
The government’s commitment to building Delhi as a sustainable industrial hub and knowledge-based economy is evident in the innovative provisions outlined in the policies. From promoting night economy and start-ups to providing plug-and-play facilities for businesses, the government is focused on creating a conducive environment for economic growth and development in the city.
Overall, the draft policies put forth by the Delhi government signal a bold and ambitious vision for the future of the national capital. By prioritizing knowledge, innovation, and sustainable industrial development, the government aims to position Delhi as a global leader in the years to come. With the support of stakeholders and the general public, these policies have the potential to drive economic growth, create new employment opportunities, and transform Delhi into a thriving and sustainable urban economy.