The Delhi government has released an industrial draft policy to make Delhi a business hub and said that Rs 400 crore venture capital fund will be established for Industries.
The government also said that fixed capital of Rs 50 crore will be reimbursed for businesses in the Frontier tech sectors.
“Rs 400 crore venture capital fund will be established for Industries and 50 per cent fixed capital investment (including land) will be reimbursed over a period of five years for businesses in the Frontier tech sectors up to a maximum limit of Rs 50 cr per project,” the draft stated.
In addition, there shall be additional 6 per cent interest subsidy per annum for businesses. Reimbursement of 100 per cent NET SGST will be provided to business in the Frontier Technology Services sector for five years.
“Exemption of 50 per cent on wheeling charges and transmission charges, on inter-state purchase of power shall be provided for the period of five years from the date of commissioning of the project,” it read.
In Research and Development (R&D) sector, government of India in 2025 budget has allocated Rs 20,000 cr for private sector driven R&D and innovation.
“It is expected that Ministry of Science and Technology (MoST)India, will bring out a scheme for the same. Initiatives will be undertaken to expand reach within academic and R&D institutions in Delhi to leverage research expertise to address challenges of business and in public domain by providing support of up to Rs 10 lakhs in R&D and Innovation in focus sectors in this policy,” it added.
The National Capital Territory of Delhi (NCTD) is the largest city in the country in terms of area, spread across approximately 1,486.5 sq. km. The Per Capita Income of Delhi at current prices reached INR 4.61 Lakh in 2023-24 compared to 3.89 Lakh in 2021-22 compared to INR 3.31 Lakh in 2020-21.
In order to boost the hospitality sector, the government said that hotels and serviced apartments may be permitted as part of commercial centres in Industrial zones. Facilities will be allowed to be developed by conversion of plots with access from 30 m wide road in industrial zones in an attempt to reduce congestion and walk to work methodology.
“Make Delhi a restaurant and bistro-friendly city with streamlined compliance and regulatory burden, and a reasonable alcohol policy,” it said. “The government is committed to building Delhi as a leading business destination worldwide while acknowledging the UT’s inherent strengths and practical challenges. The emphasis remains constant on creating a progressive business culture that prioritizes knowledge & an economy with focus on research and innovation based frontier technologies,” the draft said.
