Delhi govt drafts industrial policy; focus on future tech

The Delhi government released its draft Industrial Policy 2025-35 on Monday, proposing a ₹400-crore venture capital fund and ₹50-crore capital reimbursement to support emerging industries in frontier tech sectors, such as banking, gaming, animation and artificial intelligence (AI).

- Alok KN Mishra

The draft policy, a copy of which was accessed by HT, seeks to position Delhi as a “global business hub” by leveraging its unique strengths and addressing challenges of space, regulatory ecosystem, skilled manpower, research and development.

“The policy seeks to foster a future-ready and nonpolluting industrial ecosystem in Delhi by promoting high-value, innovation driven sectors like frontier technologies and research and development. The policy aims to harness the city's skilled human capital, create quality employment opportunities, and ensure inclusive, sustainable economic growth, while making optimal use of Delhi's limited land and environmental resources,” an official of the industry department said.

Officials said that under the policy, the government will reimburse 50% of fixed capital investment over a period of five years, capped at 50 crore. The ₹400-crore fund will support emerging industries by boosting innovation and scalability, they said.

According to the draft policy, an interest subsidy of 6% per annum will be provided for the first five years, along with 100% reimbursement of state GST for the same period. Additionally, there will be a 100% reimbursement of patent filing costs, up to ₹5 lakh per patent, and a 50% exemption on wheeling and transmission charges for interstate power purchases.