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Industries in Delhi urge shift from leasehold to freehold to boost India’s USD 5 Trillion economy goal by 2025

Oct 1, 2024 by Gayathri Pariti 0 Comments #BUSINESS, #business growth, #Competitiveness, #Credit, #DDA, #Delhi Chapter of Indian Industries Association (IIA), #Dr. Mamta, #DSIIDC, #Economic Impact, #industries, #investment, #Job Creation

Delhi, October 1st, 2024: The Executive Committee of Delhi Chapter of Indian Industries Association (IIA) held a meeting at the Jhandewalan Headquarters on September 30th, where members urged the Delhi Government, the Lieutenant Governor (LG) of Delhi, and the Union Government of India to implement a freehold policy for industrial units in Delhi.

IIA

 

 

Dr. Mamta, Chairperson of the Delhi Chapter, shared that Delhi has 29 notified industrial areas. While a scheme was introduced in 2005 to convert leasehold industrial properties to freehold, only a few have benefited from this. Government bodies like the DDA, DSIIDC, and the Industry Department have selectively applied this policy, leaving many industrial units without freehold status.

Dr. Mamta stressed that moving from leasehold to freehold is vital for unlocking the economic potential of these areas. This would attract more investments and help India achieve its $5 trillion economy target by 2025.

Main Points of the Appeal:

Business Growth: Freehold ownership would give industrial units more freedom to grow, innovate, and invest in new technologies, without the restrictions of lease agreements.

Increased Investment and Access to Credit: Freehold properties are considered more valuable by banks, making it easier for businesses to get loans and attract investors. This is crucial for supporting India’s economic development.

Enhanced Competitiveness: Industrial units in Delhi would be able to compete better with those in other regions that already have freehold status, leading to greater productivity and innovation.

Job Creation and Economic Impact: A freehold policy would lead to the expansion of industrial activities, creating jobs and developing new industrial hubs, all of which are important for reaching the $5 trillion economy goal.

Dr. Mamta urged that this policy should apply to all industrial units in Delhi, not just a few. If fully implemented, this would empower businesses to contribute more effectively to the economy and support India’s vision of becoming a $5 trillion economy by 2025.

Delhi’s industrial sector plays a key role in the state’s Gross State Domestic Product (GSDP) of $130 billion. By implementing a freehold policy, business operations would become easier, attracting more investments both from within India and abroad.

Industries in Delhi believe that this change would help support the government’s “Ease of Doing Business” initiative and boost economic growth.

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Celebrating Nature: Bawana Infra’s Successful Sapling Planting Event in the Industrial Area

Jul 20, 2024 by Mansi 0 Comments #Amaltash, #and Tata Power District Manager Naveen Kumar, #Arjun, #Bawana ACP Vivek Bhagat, #Bawana Fire Department R.K. Sinha, #Bawana Industrial Area, #Bawana Infra's Executive Director Pulkit Agarwal, #CISF, #CISF Commandant Vijay Kumar, #Clean and Green Bawana, #Delhi Fire Department, #Delhi Police, #DSIIDC, #DSIIDC's CE S.N. Saran, #factory unions, #Guava, #Gulmohar, #Jamun, #MD, #Neem, #Papri, #Pilkhan, #plantation campaign, #plantation drive, #Sanjeev Mittal, #saplings, #TPDDL

New Delhi: Bawana Infra has once again initiated a plantation drive with the motto of “Clean and Green Bawana“. On 18 July, Bawana Infra launched a plantation campaign in Delhi’s Bawana Industrial Area with the target of planting 5,000 saplings in a day. Various fruit trees and flower plants have been planted across sectors one to four of the industrial area under this campaign.

Five thousand saplings planted by Bawana Infra in a day in Bawana Industrial Area

This event started from sector four and was led by Chief Guest Sanjeev Mittal, MD, DSIIDC, who planted a Gulmohar sapling. DSIIDC’s CE S.N. Saran also joined him on this occasion. Moreover, Bawana ACP Vivek Bhagat, CISF Commandant Vijay Kumar, Additional Division Officer of Bawana Fire Department R.K. Sinha, and Tata Power District Manager Naveen Kumar also participated in this plantation drive on a special invitation.

Bawana Infra’s Executive Director Pulkit Agarwal said that every year they run a plantation campaign in the Bawana Industrial Area with the slogan “Clean and Green Bawana.” This year the plantation campaign will continue until August 15, 2024, and during this thirty thousand different trees and plants such as Gulmohar, Jamun, Arjun, Pilkhan, Amaltash, Guava, Neem, Papri, and others will be planted. This plantation drive in the Bawana Industrial Area is being carried out with the support of DSIIDC, Delhi Police, Delhi Fire Department, CISF, TPDDL, factory unions, and factory owners.