Delhi is the capital of the Republic of India and also a state for
administrative purposes. It is one of the largest metropolises in the country.
Delhi shares its borders with the states of Uttar Pradesh and Haryana. It is
the centre of international politics, trade, culture and literature in India.
With an economic growth rate of 9.3 per cent in 2013-14,
Delhi is one of the fastest growing states of the country. The state government
expects to register growth of 11 per cent to 11.5 per cent by the end of 2017.
At current prices, the Gross State Domestic Product (GSDP) of Delhi was US$
67.1 billion in 2013-14.
Delhi has an attractive real estate market and is a
preferred tourist destination. Owing to its location, connectivity and rich
cultural history, Delhi has always been a prime tourist attraction of the
country. Delhi is a key arrival/departure point for both foreign and Indian
nationals.
The Government of Delhi has been committed towards
creating a progressive business environment. The new Industrial Policy 2010-21
aims to provide a conducive environment for knowledge-based and hi-tech IT/ITeS
industries in Delhi. Towards this end, two special economic zones (SEZs) have
been created in the NCT of Delhi. Furthermore, policies have been made towards
the development of the IT and transportation sectors.
The Industrial Policy for Delhi 2010-21 aims to promote
the state as a centre of knowledge-based industrial activity and envisages new
development on a public-private partnership basis.
The government is also encouraging activities allied to
industries, such as consultancy, information technology, training of skilled
manpower through vocational training programmes and entrepreneurial development
programmes.
Some of the major initiatives taken by the government to
promote Delhi as an investment destination are:
- The
Delhi government has set up a Business Facilitation Council (BFC) to
facilitate single-window clearances from various departments for
establishing industrial enterprises in a time-bound manner.
- Small-scale
industries registration has been simplified and replaced by memorandum
under MSMED Act 2006. Further, filing of the memorandum is optional for
micro, small and medium manufacturing enterprises, and micro and small
service enterprises.
- State
Level Export Promotion Committee (SLEPC) has been constituted to draw
export policy and action plan and approve infrastructure projects for
financial assistance under Assistance to States for Developing Export
Infrastructure and Allied activities (ASIDE) scheme of the Central
Government.
- Delhi
Development Authority has changed its land acquisition policy to develop
housing. The new policy is based on the concept of land pooling, wherein
the land owner transfers the land ownership rights to the designated land
pooling agency.
The ICC Northern region has been working pro-actively
towards creating a conducive and sustainable environment to enable social,
industrial and economic growth of the state through policy advocacy and
consulting services. ICC Delhi office has also taken various initiatives with a
view to extend all possible services to our Members and Industry Players to
enhance their competitiveness. The ICC Delhi Office has been active in building
meaningful synergies among Industry and Government by addressing strategic issues
of national and sub-national significance.
