Delhi a city of opportunities: Sisodia to investors

Delhi Deputy Chief Minister Manish Sisodia

New Delhi, (Samajweekly) Delhi Deputy Chief Minister Manish Sisodia on Thursday asserted that capital’s GDP has doubled in the past seven years and its per capita income is three times the national average.

Addressing the ‘Invest India Exclusive Investment Forum’, Sisodia said that the national capital offers a plethora of opportunities for retail and e-commerce firms. “Delhi is a city of opportunities,” he said.

“Our state GDP has doubled in the past seven years and we have a per capita income of Rs 3,89,000 which is three times the national average. The highest growth on all economic indicators had been made possible due to the honest and progressive government,” the leader added.

The aim of the ‘Invest India’ forum was to bring the state government and potential investors on a common platform to share ideas and to showcase favourable policies, ready infrastructure, and other details of the industrial ecosystem of Delhi.

The adverse financial impact of the COVID-19 pandemic will be more long-lasting than the health effects, he said, adding that the city is gearing up to revive its economy.

Sisodia said that Delhi has a substantial land bank for investment in sectors like tourism and hospitality, automobile parts, handloom and handicrafts, gems, jewellery and perfumes, packaged foods, leather goods and garments, steel fabrication, e-commerce, retail, Information Technology.

“The upcoming industrial hubs in Ranikhera Mundka, Baprola and Kanjhawala along with the Mundka North Warehousing Cluster has ample capacity available and makes Delhi an ideal destination for companies looking to set up retail or sourcing operations.”

The forum was attended by investors from 30 countries across the globe. Twenty industry sectors, including apparels, automobiles, e-commerce, healthcare, sportswear; from countries across the world like the USA, Japan, Germany, the UK, Switzerland, and Australia participated in the webinar.