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Business Opportunities In Punjab

The recent liberalization of the country's economy has pitch-forked Punjab into the mainstream of global business. Punjab's inherent strengths and efforts to attract private investment make it a land of opportunities. Its rich agricultural base has the potential to add significant value to the food processing sector. Commercial agriculture can also assist the state leverage its competitive advantage in the sector.

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Similarly, the existing industrial base of the state can be encouraged to go in for forward integration in a variety of sectors such as textiles, light engineering goods, IT, chemicals and biotechnology.


Punjab has attracted industrial investment in sectors such as food & food products, textiles and apparel, chemicals and chemical products and transport equipment.


Uptil 2003, there were 633 industrial enterprises in Punjab with investment of over US$ 3.9 billion. In 2003-04, an additional 14 projects were implemented with an investment of US$ 15.2 million.

Source: CMIE, state report

In 2004, there were 62 projects with a total investment of over US$ 2.87 billion at various stages of implementation in the state. Of these, the manufacturing segment, which includes textiles and chemicals, attracted the maximum investment.

Source: Secretariat for Industrial Assistance reports
Secretariat for Industrial Assistance newsletter, Annual Issue 2002

Between 1996 and 2003, Punjab attracted US$ 370 million of FDI in sectors like textiles, paper, paper products and pulp, chemicals other than fertilizers, telecommunications, drugs and pharmaceuticals.


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