Delhi’s new industrial policy to boost investment, says industry body

Delhi's new industrial policy, with focus on hi-technology and knowledge-based industrial activities is expected to facilitate new investment opportunities, an industry body has said.

Delhi's new industrial policy, with focus on hi-technology and knowledge-based industrial activities is expected to facilitate new investment opportunities, an industry body has said.

In a report 'Investment Climate in Delhi', the Confederation of Indian Industry (CII) highlights the skilled labour base of Delhi, supported by "robust infrastructure essential" for the development of service sector.

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"With the changing economic scenario and technological advancement, the state provides scope for investments in knowledge-based, service sector and IT/ITes types of industries," the report said.

It said that during the period 2004-05 to 2009-10, the state's economy grew at an annual rate of 10.6%, much higher than the rate of growth of Indian economy at 8.6%.

"The growth has been led by the services sector which grew at 11.5 per cent. The new industrial policy with focus on hi-technology and knowledge-based industrial activities is expected to facilitate new investment opportunities," the report said.

It also said the enactment of the Delhi Industrial Development, Operation and Maintenance Act, 2010, for securing the orderly establishment of industrial areas, industrial estates and flatted factories complexes is a welcome step.