Overview

• The Delhi Cabinet approved the board’s formation on June 25 as part of a BJP manifesto promise, aiming to support more than 800,000 traders registered in the city.
• Industries Minister Manjinder Singh Sirsa will chair a 15-member committee composed of nine trade activists and six government officials.
• An initial Grant-in-Aid of Rs 10 crore has been allocated to underwrite welfare initiatives including health insurance, legal aid and financial assistance for traders.
• The board will streamline licensing and registration processes to simplify regulatory compliance and foster a business-friendly environment.
• Under this framework, Delhi will host a Global Investment Summit every two years to attract investors and boost the city’s economic growth.