Fulfilling one of the promises made in BJP's election manifesto, Delhi Chief Minister Rekha Gupta has introduced the Delhi Traders Welfare Board, aiming to make the city more accommodating for traders and make the city more trader friendly. Around 8 lakh traders are expected to avail benefits under the initiative.
While the Board is expected to play a pivotal role in enhancing trade and industry, thereby contributing to Delhi's economic development, it's primary focus will be on addressing the needs of traders and industrialists. It will concentrate on policy formation, tackling regulatory challenges, and improving trader welfare. Additionally, it aims to boost employment and attract investment. The Board will be chaired by Industries Minister Manjinder Singh Sirsa and include a 15-member committee with nine trade activists and six government official
"Under this, the government aims to revitalise trade and industry in the city. The Board will play a crucial role in promoting the interests of traders and contributing to the city's economic growth," CM Gupta said.With a key aim to address the needs of traders and industrialists, the board will focus on policy formation, regulatory challenges, the welfare of traders, boosting employment, and investment, she added.
The chief minister said that the Board will be chaired by Industries Minister Manjinder Singh Sirsa and comprise a 15-member committee, including nine trade activists and six government officials."Under this, the government will also provide a grant-in-aid of Rs 10 crore, which has been allocated in the budget and will be used for welfare schemes," the chief minister further said.
The Board will also provide legal aid, organize events, and create an IT portal to facilitate communication between the government and traders, said Gupta.
"The board aims to simplify regulatory frameworks, streamline processes to ease regulatory challenges for traders, provide welfare schemes by implementing welfare schemes for traders, and ensure their well-being and support... it will also foster an environment that promotes employment and investment opportunities," said the CM.
It will also act as a bridge between the government and the trading community, conveying their suggestions and concerns directly to policy makers.Gupta further added, "Traders and industry stakeholders in Delhi have long faced issues such as lack of an effective grievance platform, exclusion from policy-making, regulatory complexity, and insufficient social security.Under this new board, the BJP government will also hold Delhi's first Global Investment Summit every two years to attract investors and boost economic growth.
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