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Industrial Policy Of National Capital Territory of Delhi |
National Capital Territory of Delhi
Delhi, the National Capital Territory, is situated in the eastern frontier of Haryana in north India. Delhi has a land area of approximately 1,483 Sq. Km with a population of 9.4 million. The per capita income is Rs. 17,068 and the inflation rate is 10.7%. Delhi is the largest commercial hub of northern India. It is also the largest center for small industries manufacturing T.V. sets, musical systems, electric goods, light engineering, automobile part, sports goods, bicycles, plastics, and P.V.C. Goods, textiles, fertilizers, medicines, hosiery, leather goods, soft drinks etc. There are also units for metal forging, casting, galvanizing, electroplating, printing and warehousing. About 89,000 units with an investment of Rs.1580 Crore are in operation. About 8 lakh persons are engaged in manufacturing goods worth Rs.4250 Crores. It is thus ideal for the services industry, because of the high rate of urbanization.
Incentives:
- 50% subsidy (up to Rs.50,000) on investment in anti-pollution equipment
- Finance at the rate of 12.5% through DFC for women entrepreneurs
- DFC guidance for new entrepreneurs on identifying projects and filling up loan forms
- DSIDC support for investors on project evaluation and market surveys
- DFC term loans for small and medium-scale industries
- DFC soft loans and seed capital for investors who cannot afford to make promoter's contribution
- Access for small electronics industries to testing and development centers
- DSIDC assistance in marketing of small-scale industrial products
The first Industrial Policy in Delhi was published in 1982. It advocated dispersed development with special emphasis on development of Sophisticated and High-tech Industry. Unfortunately this document was not followed up with a concrete action plan so as to achieve the various objectives of the policy.
The industrial sector plays a vital role in the economic development of the National Capital Territory of Delhi. The manufacturing sectors in Delhi still contribute about 12% in Gross State Domestic Product (GSDP) in Delhi.
There has been a phenomenal growth of small scale industries (SSI) in Delhi in the last 4 decades, where a sharp increase in the number of units from 17000 in 1961 to 1.29 lakh in 2000-01 has been recorded and that too mainly in un-organized sector, as the planned industrial area of Delhi have hardly 25000 to 30000 plots/industrial units. The estimated investment in these units was increased from Rs.60 crore in 1961 to Rs.2524 crore in 2001. The production in these units has increased from Rs.121 crore in 1961 to Rs.6310 crore in 2001. In 1961, about 1.87 lakh persons were employed in these industries and this number has increased to 14.40 lakh in 2001.
Share of Manufacturing Sector in Delhi’s Economy
Primary - 1%
Manufacturing - 12%
Construction - 7%
Elec., Gas & Water Supply - 1%
Tertiary [79%]
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