Investment Policies and Incentives

The Government of Delhi has been making several policy announcements, from time to time, to set up the right kind of business climate in the Union Territory of Delhi. These policies are framed in such a way so as to motivate investors to invest into the city. They include various investment incentives and schemes, which provide the roadmap for accelerating the industrial development in Delhi. They aim to improve the quality of life of the people and thereby contribute to the overall prosperity of the economy.

The most important being, the Information Technology (IT) Policy , which has been formulated in order to create an environment conducive for the growth and development of IT sector and IT infrastructure. The policy aims to unleash the enormous potential of the IT and spread its benefits to the people of the city. The aspirations of the IT policy is governed by 6 E's, namely electronic governance, equality, education, employment, entrepreneurship and economy. The objectives of the policy are to:-

• use e-governance as a tool and deliver a government that is more proactive and responsive to its citizens;
• use the power of IT to achieve the objectives of eradicating poverty, improving healthcare as well as empowering women and economically weaker sections of the society;
• encourage the use of IT in schools, colleges and educational institutions, so as to enable the students to improve their skills, knowledge and job prospects;
• use IT for generating employment opportunities in the city;
  
• facilitate localisation of software, so that benefits of IT could percolate not only in English language, but also in Hindi, Urdu, and Punjabi;
  
• unleash the Delhi incubation engine, promote entrepreneurship, earn foreign exchange, and increase IT’s contribution to the economic growth of the city;
  
• use IT effectively in industries to make them competitive and web-enabled;
  
• accelerate investment and growth in IT hardware, software, internet, IT enabled services, telecom, e-commerce, etc.
  
• use IT for ushering world-class e-tourism in the city.
  

Another important policy is the Transport Policy , which has been framed with a view to provide safe, eco-friendly, cost-effective and efficient modes of transportation through a well integrated multi-modal transport system. The policy aims to make Delhi a well managed, clean and dynamic city (that is, a model capital city), which is involved in serving its citizens efficiently. The objectives of the policy are to:-

• reduce traffic congestion on roads;
  
• improve air quality by lower levels of vehicular pollution;
  
• enhance road safety while improving amenities for commuters;
  
• augment mass transport by massive investments accompanied by institutional improvements;
  
• provide adequate, accessible and affordable modes like buses, mini-buses, electric trolley buses complemented by a network of rail based mass rapid transit systems; etc.

Source: Department of Industries
Delhi State Industrial Development Corporation