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Delhi Chief Minister Smt Rekha Gupta announced that her government is drafting a redevelopment plan for the historic markets of Old Delhi, with a focus on preserving their commercial identity and supporting trade growth. During a meeting with representatives from Bhartiya Udyog Mandal, she emphasised that there are no plans to relocate markets, and the administration is working on initiatives to modernise infrastructure while maintaining proximity for small businesses. A 15-member Delhi Traders Welfare Board, largely composed of traders, has been established to address industry concerns, offer social security, and streamline business operations.
Delhi Chief Minister Smt Rekha Gupta announced that her administration is formulating a detailed redevelopment blueprint for Old Delhi's traditional markets, aiming to reinvigorate these iconic commercial spaces without disrupting their historical character. The move came after she held discussions with representatives of Bhartiya Udyog Mandal at the Delhi Secretariat, where she reaffirmed her government's commitment to supporting the city's trade ecosystem. Advertisement
Gupta stated that there would be no displacement of markets, clarifying that the government's intention is to strengthen trade operations within existing urban spaces. She noted that thriving commercial activity not only supports the livelihoods of thousands but also generates significant revenue for the capital's broader development.
She indicated that her government is preparing a strategy to rejuvenate Old Delhi's commercial areas, ensuring that key elements such as shops, local warehouses, and offices remain embedded in their current locations. To meet increasing logistical demands, larger warehouses are planned for construction on the outskirts of Delhi, thereby reducing storage pressure in the city's core without affecting traditional market functioning.
In a strong critique of former administrations, Gupta accused past governments of marginalising traders and undermining the heritage of Delhi's commercial heart. She asserted that her government had taken a contrasting approach by forming the Delhi Traders Welfare Board, a body tasked with addressing the concerns of the trading community in a structured and inclusive manner.
Out of the 15 members of this statutory board, nine have been chosen from the trading community. According to Gupta, this composition ensures that the board will genuinely reflect ground-level business concerns and offer actionable policy input. The board's objectives include extending social security to traders, making regulatory processes simpler, and managing a welfare fund to safeguard their financial interests.
Beyond policy formulation, the board has also been mandated to handle emergency relief and compensation during events such as fires, floods, or other natural disasters. Its role as an intermediary between the government and traders will help deliver more effective, practical outcomes that promote business confidence and long-term investment.
Gupta highlighted that the government expects regular consultation with seasoned members of the trading community through this board, enabling the administration to adopt realistic policies and respond swiftly to emerging needs within the sector.
Source - PTI
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