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About Punjab

The economic development of a nation or a region is generally determined by the level of it’s industrial development. Punjab which has done remarkably well in the field of agriculture is now well on its way to rapid industrialization through coordinated development of Small, Medium and Large scale industries. Punjab has a predominance of small-scale industry thanks to the indomitable spirit and entrepreneurial skills of Punjabis.0.2 million small scale industries and 600 large and medium scale industries functioning in the state involve fixed capital investment of Rs 54000 Million and Rs 20400 Million respectively.

Around about 1.18 Million people are employed in industrial sector in state. Exports from Punjab during 2004-05 are Rs 107289 Million. Engineering goods, hosiery items, pharmaceuticals, leather goods, food and agro products, textiles, electronics, hand and machine tools are some of the prominent range of products of Punjab.

Comparison to Other States of India, Punjab has Distinct Advantages for Investment:

1. Dynamic and productive people with over-whelming zest for hard labour. Highly educated and professional work force with abundance of skilled workers.
2. Visionary, responsive and dedicated administrative set-up committed to free enterprise and the state’s development.
3.High purchasing power. Punjab has the highest per capita income in India.
4.Availability of abundant, stable and cheap power and water supply.
5.Conducive and harmonious industrial relations.
6.Strong infrastructure including transportation and telecommunication with international linking.
7.Strong agricultural and well developed small/medium scale industrial base.
8.Fully developed export base.
9.Well developed financial services- banks, financial institutions and stock exchange.
10.Excellent quality of life, perhaps the best in India.
11.Peaceful and congenial environment.

Punjab has always been in the forefront of industrial development in India and has successfully emerged as one of the most investor friendly destinations. Punjab has progressed to become India's premier industrial state and accounts for the good share of investments in India.

The near future promises to have its share of challenges and opportunities for Punjab.Government of Punjab, welcome the industry to tap investment opportunities in the manufacturing and service sectors as well as infrastructure projects in the State of Punjab.

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