11 hours ago
Govt board to help traders in city, raise investment
New Delhi: Delhi govt will form the Delhi Traders' Welfare Board, a platform dedicated to making the city more trader-friendly, chief minister Rekha Gupta said on Wednesday.
The formation of the board was one of the key promises made by BJP in its manifesto before the Assembly polls.
"Under this, govt 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," Gupta said. It will focus on policy formation, regulatory challenges, welfare of traders, boosting employment and investment, she added.
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The chief minister said that the board will be chaired by industries minister Manjinder Singh Sirsa and have a 15-member committee, including nine trade activists and six govt officials.
"Under this, govt will also provide a grant-in-aid of Rs 10 crore, which was allocated in the budget and will be used for welfare schemes," the chief minister added.
The board will provide legal aid, organise events and create an IT portal to facilitate communication between the govt and traders, Gupta said. "The board aims to simplify regulatory framework, streamline processes to ease regulatory challenges for traders, provide welfare schemes, and ensure their well-being and support...
It will also foster an environment that promotes employment and investment opportunities," the CM said.
The board will also act as a bridge between govt and the trading community, conveying their suggestions and concerns directly to policymakers. Gupta 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."
"The approval of the formation of the board by Delhi govt is a historic and welcome decision for traders. This step will definitely promote ease of doing business and will prove to be a milestone towards making Delhi investment-friendly," Nitin Gupta, president of the Kamala Nagar Traders' Association, said.
