Punjab

Punjab is a key hub for textile-based industries including yarn, readymade garments and hosiery. With the development of apparel parks, favorable textile policy and other incentives for the creation of textile infrastructure, the state offers opportunities for investment. Punjab's road, rail and air transport network, connectivity, construction of bridges and infrastructure facilities are among the best thus ranks first in India for its infrastructure. Punjab has witnessed impressive growth in the number of clusters and hubs, with the establishment of several PPPs. The resources, policy incentives, infrastructure and climate in the state support investments in sectors such as agro-based industries, food products, light engineering goods, automotive, chemicals, sports goods, textiles, pharmaceuticals, paper and paper products, metal and alloy products.

Capital | Population Chandigarh | 27.98 million
State GDP & Growth Rate – GDP State GDP is around US$ 5318.61million and the growth rate is approx. 11.26%.
Per capita income The per capita income ranges from US $ 1575 to 1590.
Political Scenario The State Government of Punjab is the supreme governing authority of the state. The current ruling party is Shiromani Akali Dal (SAD) since 2007.
Key Sectors / Industries Tractors and auto components, agro-based industries, bicycles and bicycle parts, chemical products, food products, light engineering goods, pharmaceuticals and textiles
Emerging markets / opportunities
  • - Tourism
  • - Agriculture
  • - Information Technology
Business Scenario /Government Initiatives
  • The state government has actively promoted contract farming. Notable contract farming agreements include those with the Tata Group for basmati rice, the UB Group for malting barley and Advanta India for hyola (hybrid rapeseeds and mustard). The state has launched a venture capital fund, with a corpus of nearly US$ 4.3 million, for the IT industry. It has been funded jointly by Punjab State Industrial Development Corporation (PSIDC), Punjab InfoTech, Punjab Financial Corporation (PFC) and the Small Industries Development Bank of India (SIDBI).
  • The Government of Punjab has allocated 2.72 acres of land for setting up a new software technology parks of India (STPI) centre. The state's textile policy provides incentives such as development of clusters, benefits under the central government's Technology Upgradation Fund Scheme (TUFS), electricity at reduced rates, and government support in the acquisition of land for textile mills. The Government of Punjab encourages the development of food parks and mega projects to facilitate the establishment of food processing infrastructure and currently have 63 projects were approved under the mega projects policy.

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