Punjab
Known as the “Granary of India”, Punjab has one of the best infrastructures, connectivity networks, human capital and enterprising people.GSDP (in Rs.) increased at a compound annual growth rate (CAGR) of 6.78% between 2015-16 and 2020-21. According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in the state stood at US$ 147.70 million between October 2019 and December 2020. The per capita income in FY21 (current prices) was Rs 1,15,882. To accelerate the growth momentum of the states’ economy, Government of Punjab had announced Punjab Industrial & Business Development Policy 2017. Under this policy, to facilitate Ease of Doing Business a number of reforms have been undertaken with the objective of facilitating hassle free experience to the Investor. Punjab had set up a Bureau of Investment Promotion (BIP) in December 2013 for one-stop clearance of investment proposals. PBIP has powers to give approvals related to pollution control, excise and taxation, labour issues, factory licences, boiler registrations, town and country planning, land and power-related issues. The State’s physical infrastructure is rated amongst the best in the country with total road length of 93,871 km; rail network of 2,269 kms; National Highways of 2,769 kms and an overall tele-density of 110. The proposed Eastern Dedicated Freight Corridor will connect Punjab with the ports, thus addressing the challenge of land locked nature faced by the State.Punjab had a total installed power generation capacity of 14,376.29 MW, Of the total installed power generation capacity, 8,765.51 MW was contributed by thermal power, 3,809.12 MW by hydropower and 1,604.85 MW by renewable energy. Punjab offers significant investment opportunities across various sectors. By 2025, it is expected that the state will be among the leading producers of non-food grains as well as exporter of various agri-products. Punjab alone contributes to 19% (wheat), 11% (rice), 5% (cotton), 10% (milk), 20% (honey) and 48% (mushrooms) grown in the country. Punjab’s industry is dominated by small and medium enterprises with more than 160,000 units belonging to Auto Components, Bicycle Parts, Hosiery, Sports Goods, Agricultural Implements and many others. Other prominent sectors for investments include textile & apparels, chemicals & pharmaceuticals, ESDM, biotechnology & life sciences, renewable energy, defence manufacturing & aerospace, tourism, healthcare etc. CII has been working closely with Government of Punjab to position the state as preferred investment destination. As part policy advocacy agenda, CII has been representing the industry viewpoint on emerging trends, shaping new policies including the proposed industrial & sectoral policy; facilitating investments dialogue at various forums; ease of doing business amongst others. CII is also committed towards industry competitiveness by providing services like networking, industrial and business missions, seminars, training, conferences, trade fairs, exhibitions, buyer seller forums etc.
Known as the “Granary of India”, Punjab has one of the best infrastructures, connectivity networks, human capital and enterprising people.GSDP (in Rs.) increased at a compound annual growth rate (CAGR) of 6.78% between 2015-16 and 2020-21. According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in the state stood at US$ 147.70 million between October 2019 and December 2020. The per capita income in FY21 (current prices) was Rs 1,15,882. To accelerate the growth momentum of the states’ economy, Government of Punjab had announced Punjab ...