NCR

The National Capital Region (NCR) has made significant progress in transforming the health, education and sanitisation indicators for the individuals residing in the region. However, just above 70 per cent of the region's population finds themselves without work. Therefore, to boost economic revival and ensure employment of the masses in the post-Covid times, the Chief Minister and the Deputy Chief Minister have envisaged the generation of 5 lakh employment opportunities in the next five years. In this context, the 'Rozgaar Budget' has been announced in the state's budget session for FY 2022-2023. The primary aim of the scheme remains to further sustainable, equitable and progressive development and put the capital on the path of economic welfare. 

The key highlights of the budget include:

  • Redevelopment of popular retail markets
  • Dilli shopping festival
  • Cloud kitchen
  • Redeveloping Gandhi Nagar market
  • Food truck policy
  • Establishment of the electric city in the state capital

The Industries Department will be in charge of Delhi's Electronic City initiative, which will invest in 'Green Clean Sustainable' businesses for the future. The Tourism Department will administer the Delhi Wholesale Shopping Festival, which will restore Delhi's status as a trading and commercial centre, give wholesale trade employment possibilities, and increase wholesale commerce through incentives and promotion. The Delhi Wholesale Shopping Festival aims to promote wholesale trade in Delhi by staging a massive shopping festival in the city. 

In the particular context of ensuring innovation and entrepreneurship efforts in the electronics sector, a plan to establish a new electronic city at Baprola, Delhi, has been implemented. This has been envisaged to create 80,000 jobs through electronics manufacturing and delivery. Moreover, a new startup policy will be rolled out in the national capital to boost business. 

The Dialogue and Development Commission (DDC) and the EPIC Electronics Product Foundation signed a Memorandum of Understanding (MoU) to attract investment and jobs in the design, manufacturing, sale, and aftersales services related to the projected electronic metropolis. The goal of the cooperation is to develop a viable electronics design-manufacture-service economy while also making the city the chosen location for the sector's hub. Additionally, the collaboration will aid in the workforce training needed for the manufacture, repair, and service of electronic items, with a particular focus on women's training and involvement in the city's workforce. This will also help to create an expertise hardware startup environment. DDC will strive to encourage domestic and international companies in the electronics industry to establish research, innovation, and manufacturing facilities in the city by providing facilities and resources that will positively impact the city's economy. EPIC will enable DDC to gain access to educational, human, and other essential resources and harness related government initiatives and programmes to help Delhi become a design-sale-purchase centre for electronics.

Efforts to establish an economic ecosystem conducive to research, design, manufacturing, distribution and servicing of electronics. Instrumental in boosting the electronics business and feeding the domestic and global demand. 

As a foundational step, the Delhi government will encourage anchor companies to shop on an 81-acre plug-and-play infrastructure complex in the city's future Electronics City. According to him, EPIC, led by DDC, will collaborate with various partners, including domestic and worldwide electronics champions, anchor units, and other industry experts. This partnership will go a long way toward guiding Delhi toward a future of green, clean, and sustainable industries and realising the administration's ambitious plan of a modern, equitable, and sustainable Delhi. 

These efforts to enhance the electrical market in the state capital will complement the emergence of Electrical Vehicle (EV) Systems in the country to achieve a smooth transition to a greener economy. The electronic city in the national capital will contribute extensively to the innovation and design of affordable models. Moreover, extensive employment opportunities for workers in the region will be opened up, especially for women workers. Establishing service capabilities in every section of the city will be well aided by centre and state efforts to skill the labour in these industry segments in India. 

 

This has been co-authored by Bhakti Jain and Srijata Deb.

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