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DELHI'S DRAFT INDUSTRIAL POLICY PROPOSES INCENTIVES FOR AI, FINTECH
CEO Insights
|August 2024
To support cutting-edge digital services like AI and fintech, the Delhi government has released a draft Industrial Policy 2025-2035 that calls for the establishment of a Rs 400 crore venture capital fund and the reimbursement of Rs 50 crore in capital investments.
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To create job prospects, the draft focuses on investing in frontier tech services such as AI, big data, banking, financial services and insurance (BFSI), gaming, animation, biotech, IT, and iT-enabled services.
According to the draft document, the IT and ITeS sector's economic contribution to Delhi has significantly decreased as a result of the lack of commercial office space.
The government seeks to increase the number of large office spaces available, provide reliable power and transportation, and support active research and development efforts in cutting-edge technology, the statement stated.
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