Transforming Delhi into a Global Business Hub: The New Industrial Policy

Delhi's latest industrial policy draft aims to overhaul the city's business environment by tackling regulatory inefficiencies. Inspired by global leaders like Dubai and Singapore, the draft suggests leveraging AI-driven automation and digital governance to create a seamless, transparent economic ecosystem.

The policy highlights significant barriers such as lengthy registration processes, bureaucratic delays, and corruption, which currently hinder business operations and discourage foreign investments. Proposed solutions include single-window registration portals with blockchain verification and real-time tracking, echoing Singapore's BizFile+ and Estonia's e-Residency initiatives.

Other recommendations include creating pre-zoned commercial areas and enhancing regulatory transparency using blockchain systems, modeled on Dubai's Blockchain Strategy. The draft policy is open for stakeholder feedback until July 30, with the potential to significantly transform Delhi into a global business hub if approved and implemented.

(With inputs from agencies.)