Chandigarh
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Chandigarh, also known as 'City Beautiful' is a Union Territory and capital of two states - Punjab and Haryana. Administratively it falls under Central Government with the Governor of Punjab as the administrator. The word Chandigarh literally means Chandi Garh or Fort of Goddess Chandi – a name derived from a temple situated nearby in Panchkula. Chandigarh has two satellite cities – Panchkula and Mohali. The three cities are collectively referred to as Chandigarh tricity.

Investment Overview

Chandigarh has 493 factories with an estimated investment of Rs. 5.06 billion and net income of Rs 1.4 billion as on 2003-04. The city was not planned to be developed as an industrial city hence limited provision was made for industries. As a result of which the industrial growth has been limited. An area of 1,450 acres was planned for development of industrial area mainly for SSI units and pollution free industries. There is not much scope for expansion apart from existing Industrial areas of Phase-1 and Phase-2. About 40% are ancillary units producing components for the tractor industry. The important industries are light engineering industry, industrial fasteners, electrical and electronic items, machine tools, pharmaceuticals, basic metals and alloys, paper manufacturing, plastic goods, sanitary fittings, steel and wooden furniture and food products etc. The total estimated annual production of manufacturing industry in the year 2004-05 stood at Rs 4.44 billion.

Chandigarh Administration is focusing on promotion of Information Technology (IT) industry which requires less space and is also non polluting, through the Software Technology Parks of India (STPI). About 10,000 sq ft area has been earmarked on the campus of Punjab Engineering College towards this end.

Economic Overview

The Growth rate of GSDP of Chandigarh has nearly doubled over the five year period 2000-2005 from 5.6% in 2000-01 to 11.2% in the 2004-05. During the year 2004-05 tertiary sector contributed nearly 72% of the GSDP of the Union Territory followed by Secondary sector at 27.3% and primary sector at 0.8%. The majority of the population are employees of any one of the three government based in the city. Trade, Hotels & restaurants was the chief contributor to the GSDP at 23% of GDP followed by banking & insurance at 14.8%, manufacturing industry at 13.9%, construction industry 12.4%, Real Estate at 11.11% and Un registered manufacturing at 10.4% to the GDP. Public administration and other services jointly contributed another 15.1% to the Chandigarh's GSDP.

There were 1,943 SSI units in the year 2004-05 and 664 Khadi and village industries with 16,319 employees. There are 15 Large and Medium Scale industries along with two Public Sector Enterprises (PSEs) and five functional Export Oriented Units (EOUs).

Some of the important industrial products are hosiery and knitting machine needles, wool tops, engineering items, electric meters, auto parts, tyres and tubes, crockery, bicycle and cycle parts, house fitting items, electronic items, cables, toiletries, wires, defence items, antibiotics, biomedical equipments, food and beverage, and hardware.

Major Sectors

• Manufacturing and Engineering
• Tourism and Hospitality
• Banking Industry
• Information Technology and ITeS
• Bio Technology
• Education
 
Sector Update
 
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.
 
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Chandigarh also known as 'City beautiful' is a Union Territory and capital of two states Punjab & Haryana. Administratively it falls under Central Government. The Governor of Punjab is the administrator. The word Chandigarh literally means Chandi Garh or Fort of Goddess Chandi – a name derived from a temple situated nearby in Panchakula. Chandigarh has 2 satellite cities – Panchkula and Mohali. The three cities collectively referred as Chandigarh tri-city.
 
There are 64805 Establishments in Chandigarh engaged in different economic activities other then crop production and plantations with 250572 persons working in them. The development of RGCTP has been anchored by Infosys, which has completed its state of the art campus due to which huge employment is expected, which will generate the rapid growth for Chandigarh economy.
 
The Growth rate of GSDP of Chandigarh over the five year period 2003-2008 has risen from 14.97% in 2003-04 to 17.5% in the 2007-08. During the year 2004-05 tertiary sector contributed nearly 77.14% of the GSDP of the Union Territory followed by Secondary sector at 22.39% and primary sector at 0.47%. The majority of the population are employees of any one of the three government based in the city. Trade, Hotels & restaurants was the chief contributor to the GSDP at 29.85 % of GDP followed by Real estate, ownership of dwelling & business services at 21.39%, construction industry 13.26%, Banking & finance at 10.6 % and Un registered manufacturing at 6.21 % to the GSDP. Public administration and other services jointly contributed another 12.28 % to the Chandigarh's GSDP.
 
Overview of IT, ITeS, Biotech and SEZ Policies of Chandigarh Administration.
 
The city with emphasis on development of pollution free industry to generate opportunities for growth of employment is ideally suited for educational institutes and especially so for Information Technology Training institutes with the administrations thrust on HRD. The other industries with the potential on the same lines are IT/ITES, BPO, Bio Technology & Electronics industry.
 
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CII News Update
 
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CII Awards & Recognitions
 
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CII Contacts
 
Abhishek Puri
[Deputy Director]
Confederation of Indian Industry
Northern Region Headquarters
Block No. 3, Dakshin Marg
Sector - 31A
Chandigarh-160047
Chandigarh
India
Phone : +91-172-2602365 / 2605868 / 2607228
Fax :+91-172-2606259 / 2614974
Email : abhishek.puri@cii.in