Punjab
is rapidly moving up in production of engineering goods,
pharmaceuticals, leather goods, food products, textiles,
electronic goods, sugar, machine tools, hand tools, agricultural
implements, sports goods, paper and paper packaging.
Punjab’s
large and medium scale units number 633 and represent a
fixed capital investment of Rs 175940 million.
As of 2002,
there are 0.2 million small scale units in the state with
an investment of Rs. 45090 million, employing 0.9 million
persons. The more important sectors serviced by these units
are bicycle parts, sewing machines, machine tools, pipes,
footwear, medical instruments, and tractors.
Scope for
ancillarisation for medium and large scale engineering units
intending to set up production facilities in Punjab is very
great. 70 per cent of India’s total production of bicycles
and parts, sewing machines, hosiery and sports goods is
"Made in Punjab"
Investment Opportunities :
The recent liberalisation of the Indian economy, has
pitchforked Punjab in to the global business mainstream
and Punjab is determined to achieve an annual industrial
rate of growth of 12 per cent during the ‘90s. Entrepreneurs
from across the globe are investing in the state. Going
by the availability of raw materials and the thrust areas
identified by the government, investment opportunities are
in the following areas:
 |
Information
Technology |
|
Food processing
industries |
|
Industries
based on agricultural waste (wheat/ paddy straw,
paddy husk) |
|
Industries
based on the products of social forestry |
|
Horticulture-based
products |
|
Dairy
or Poultry based units |
|
Leather
and Sports Goods. |
|
Meat
processing |
|
Automobiles
and Farm machinery |
|
Chemical
industries, including Drugs and Pharmaceuticals |
|
Electronics
& Telecommunications |
|
Textiles |
|
Export
oriented units |
|
Engineering
industries related to agriculture & food processing,
including ancillary units |
|
Infrastructure
modernization and development |
Special Deal to Non Resident Indians (NRIs):
