Hyderabad, Dec 9 (PTI) Asserting that his government is committed to make Delhi a global start-up hub, Chief Minister Arvind Kejriwal on Wednesday said they were at an advanced stage of rolling out a new start-up policy to provide a range of provisions to promote start-ups in the city.

Kejriwal,who addressed the ongoing TiE Global Summit 2020 (virtual) on 'Making Delhi a Global Start-Up Destination,'said the city has already taken a leadership position in the country as a destination for start-ups.

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Citing a 2019 report, he said there are over 7,000 start- ups from the Delhi-NCR (National Capital Region) region, which makes Delhi the region with the highest number of active start-ups in the country.

The region has also produced about 13 unicorns like Oyo, he said.

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The report also stated that Delhi-NCR is set to become one of the top five global start-up hubs with 12,000 start-ups and 30 unicorns, he said.

But "it is not a given" and, therefore, the Delhi government is committed to taking all necessary actions to ensure that the city becomes a preferred destination for start-ups globally, he said.

Provision of world class infrastructure like roads, public transport, power and water supply, education, besides services for start-ups and businesses in the city was also a commitment, he said.

Kejriwal highlighted the 'massive progress' achieved in the power sector and others in the last five years

He said the Delhi government was also setting up a hi- tech business park in 150 acres of land.

"We understand that start-ups face unique challenges and therefore the Delhi government is at a very advanced stage of rolling out a new start-up policy.

This will lay out a range of provisions to encourage and facilitate start-ups in Delhi," Kejriwal said.

To help the start-ups grow, a range of networks will be formed with incubators, co-working spaces, fabrication labs and the networks would leverage the provisions of existing stakeholders in the market, he said.

The government planned to provide collateral-free loans for start-ups in priority areas and also enable easy access to experts who can aid them with accounting, taxation, registration, legal help and others, he said.

A dedicated helpline would also be set up to answer all start-up related queries and address grievances.

Start-ups and individuals will be able to use the government of Delhi's doorstep service to request a Chartered Accountant or a lawyer to help them in incorporating a company from their home or office, he said.

"We are committed to taking as much as it takes to make Delhi a global start up hub," he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)