Punjab is one of the most fertile regions in the country. The state has enormous potential in agriculture, food processing, manufacture of scientific instruments, electrical goods, machine tools, textiles, tourism, sewing machines, sports goods, starch, fertilizers, bicycles, processing of pine oil and sugar. The state covers an area of 50,362 sq km with a population of 24.36m (2001), which accounts for 2.37% of the country's population.
Punjab has contributed significantly towards strengthening India's self sufficiency of food by contributing a major share in the Central pool over time. During 2006-07 it contributed 75.3% Wheat and 31.2% Rice.
Punjab is also the second-largest producer of cotton and blended-yarn and the third-largest producer of mill-made fabrics in India. The advance estimates for 2008-09 project Punjab state economy to be growing at the rate of 6.26%.
Investment Overview
The state has over 204,000 small and medium enterprises and about 600 large scale companies. It is one of the leaders in the manufacture of machine and hand tools; printing and paper cutting machinery; auto parts and electrical switch gear. It provides more than 75% of the country's requirement for bicycles, sewing machines, hosiery and sports goods. Punjab has 273 Mega Industrial Manufacturing, Industrial Park, Multiplex and Hotel Projects with proposed investment of Rs.61466.12 crore which have been approved by State Government for implementation during 2007-08 (31 December 2007). The Empowered Committee has approved 13 more new Mega Projects with an investment of Rs.1307.54 crore in 2009.
Economic Overview
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. The share of primary sector including agriculture and livestock has increased sharply from 1.7% in 2005-06 to 5.08% in 2008-09. The growth of the secondary sector has decreased from 7.6% in 2005-06 to 6.5% in 2008-09. The growth of tertiary sector, which comprises services sector along with trade, transport, banking and insurance and public administration, has increased from 4.5% in 2005-06 to 6.95% in 2008-09. This growth is mainly due to rise in contribution from storage, banking and insurance and pharma sectors.
Cumulative FDI in Punjab region for the year ended March 2009 is US$384mn. The region accounts for 0.42% of overall FDI received.
Major Sectors
- Textiles
- Manufacturing
- Food Processing and Agro-Based
- Chemical and Fertilizers
- Hosiery
- Energy
- IT/ITeS
- Tourism
- Education
Key Initiatives / Information
Lessons leant from the many past family disputes, is leading to many family businesses structure their personal and business assets in a manner which helps in better succession planning minimizing future disputes whilst creating enough opportunities to grow, raise money and create value. Questions are many, should the businesses be held through a trust, company, partnership firm, LLPS. Where should these entities be registered, where should the group IPs and brands be housed- in operating companies or separate companies, what should be the ideal structure - should we have holding companies, trading companies or IPR companies, should these companies be bucketed together or separately and many more strategic issues. Further, the recently introduced LLP provisions and the recent amendment to the FDI norms permitting foreign investment in LLPS provides a opportunity worth exploring for doing businesses through LLPS ring fencing liability whilst better planning taxes. Without doubt, setting up a completely new set up for family businesses or LLPS is relatively easy, transitioning an existing structure into a desired structure/ LLPs has a plethora of tax, commercial and regulatory consideration. This session will explore the possible structuring opportunities and the key challenges to be addressed in this exciting area.
76th CII Northern Region Business Outlook Survey is a quarterly study conducted to gauge the sentiment in the economy. Earlier, the survey was conducted bi-annually, but from the 74th Survey onwards the study is conducted on a quarterly basis in order to get a more frequent indicator of business sentiment. The current survey gives an outlook on business sentiments for the first quarter of 2011-12 as compared to the last quarter of 2010-11.
Skills development projects are running across the length & breadth of the country with 20 projects already being successfully completed. Projects cover both rural & urban areas. Currently the projects are running in the rural areas in Maharashtra, Andhra Pradesh, Rajasthan, Haryana, Tamil Nadu and Punjab.
CII News Update
Ms Sfiti Riat, Chair, Young Indians (Ludhiana Chapter) welcome the members to the Pathfinder of Yi Ludhiana Chapter held at A’Hotel, Ludhiana on 11th May 2013. She also welcomed Mr D L Sharma, Chairman, CII Punjab State Council and Mr Vishal Juneja, Vice Chairman, CII Ludhiana Zonal Council to bec.....
“To match up with the rapid pace of urbanisation, there is an urgent need to improve delivery systems and mechanism to provide basic amenities and essential services like water, sanitation, housing, solid waste management, electricity and power besides infrastructure support like road and rail netw.....
Yi Chandigarh Tricity chapter organized an orientation session for the students of Lovely Professional University (LPU) on 12th Feb 2013 at their campus.
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“Skilled labour is the most critical challenge being faced by the industry in the region today. There is a dire need to promote vocational training and skill development projects at all levels in the institutes, industry and the society as a whole to attain desired level of world class standards in.....
On the occasion of celebrating 10 years of Young Indians, Yi Ludhiana Chapter has organised an interactive session with Dr. Shikha Sharma, a renowned nutritionist and dietician, on “Top secrets to remain healthy and young” at DMC, Ludhiana. The main objective was to make participants aware of the .....
The CII business delegation from Jammu and Kashmir, led by Mr.Waseem Trumboo, Director Trumboo Industries Pvt Ltd, visited the popular ski destination of Aspen, Colorado on their third day in the United States.
The former Mayor of Aspen (2001-2007), Hon. Helen Kalin Klanderud, welcomed the .....
“We are very committed to attract investments in Delhi and make world class infrastructure available here. Delhi has been growing @ 15 % per year during the last one decade against 8-9% on All India basis and Delhi also contributes 3.8% of the national GDP. We need to work on skills development, ad.....
Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal today advised Union Government to change archaic laws, and bring transparency in the working of economic ministries to come out of economic slowdown, impinging the industrial growth of the country......
“Northern states have very much participated in India’s growth over the last 5 years. And most of the Northern states have even grown at higher rate than the national average of around 8 % in the last 5 years. This testifies the fact that north has the potential to give good returns and further at.....
Encouraging industry at the Haryana state session of CII Invest North Conclave held today at Gurgaon, Mr Bhupiner Singh Hooda, Hon`ble Chief Minister, Government of Haryana said “Creation of infrastructure of international standards has been our constant endeavour. We are striving to improve connec.....
CII Awards & Recognitions
The workskills competition is conducted at the Regional level first, followed by the National Competitions, to encourage workers in the industry by recognising excellence in skill through organised competitions in select trades.
The QC Circle Competition, an annual feature since 1986, is the culmination of the State, Regional and National conventions that take place throughout the year as part of CII’s continuous efforts to strengthen the Quality movement in India.
SIX SIGMA has proven across the world and over the wide spectrum of Industries, the power of changing “Business of Quality” to “Quality of Business” by integrating business and quality strategies.
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