On Monday, the Delhi Cabinet approved the new industrial policy, the first one in last 27 years. With identification of education, fashion designing, financial services and IT as industries, the policy promises to revolutionise Delhi's industrial scene. Additionally, separate hi-tech hubs for these service industries are being planned and the government's role will include allotting land and providing infrastructure.
It was reported that the current manufacturing-based industrial set-up in Delhi, encourages migration of labour, while skilled workers look for work in service industries in Noida and Gurgaon. The new industrial policy is to entail a fashion hub, education hub, IT hub, and Gems & Jewellery SEZ. The industry will have links to the fashion, technology and design park. Legal services, accounting, auditing, architecture, engineering, advertising and educational services like technical diploma institutes, engineering universities or institutes, and management institutes and universities will also be classified as industries.