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INDIAN STATE : PUNJAB
General Information
Punjab symbolizes the land of enterprise and endeavor.
The state of Punjab blessed with fertile soils and rivers,
has earned the distinction of being the " Granary
of India" owing to its enterprising spirit and
toil of its people. Punjab is a progressive state of
India with an average growth rate of 10 per cent and
has evolved into a land of boundless opportunities for
investment, industry and employment.
Punjab is bordered by Pakistan in the West, Jammu and
Kashmir in the North, Himachal Pradesh to the northeast,
Haryana to the south and southeast, Chandigarh to the
southeast and Rajasthan to the southwest. The state
of Punjab was the first to translate agricultural technology
into the " Green Revolution" recording the
highest growth rate in food production.
Fact File
| Geographical Area |
0.50 ( Lakh Sq km) |
| Capital |
Chandigarh |
| Population (2001
Census) In lakhs |
243.59 |
| Gross state Domestic
Product at Current Prices (2004-05) (As on Feb 2006) |
88351 (Rs Crores)
US$ 19.1497 bn |
| Gross state Domestic
Product at Constant Prices (1993-94 ) for the Year
(2004-05) (As on Feb 2006) |
48532 (Rs crores)
US$ 10.5207 bn |
| Net State Domestic
Product at Current Prices (2004-05)(As on Feb 2006) |
79010 (Rs Crores)
US$ 17.1278 bn |
| Net State Domestic
Product at Constant Prices (1993-94) for the year
(2004-05) (As on Feb 2006) |
43122 (Rs Crores
)
US$ 9.34826 bn |
| Per capita NSDP
(state Income) at Current Prices(As on Feb 2006) |
Rs 30710
US$ 665.751 |
| Percentage of State
Population to All India Population |
2.37 |
Literacy Rate
Male
Female |
69.65%
75.23%
63.36% |
| Languages |
Hindi, English,
Punjabi |
Advantage Punjab
- All towns and villages are well connected by roads.
All villages are
electrified. A vast network of canals and tube wells
irrigate 90% of the
cultivated area.
- Punjab has 4.2 millions hectares of well-irrigated
and fertile land in which cropping intensity is 182%.
Having a geographical area of only 1.5%, Punjab produces
21% of the country's wheat (13.7 million tons), 9%
of rice (7.3 million tons) and 15% of cotton (1.9
million bales). It contributes 60 to 70% of wheat
and 40 to 50% of rice to the central pool. Punjab
State has earned a name "Food Basket of Country"
& "Granary of India" has been containing
40- 50% of Rice & 50-70% of Wheat for the last
two decades.
- The state has abundant labour resources coupled
with cheap water and power supply.
- Highly skilled and professional work force with
an abundance of skilled workers.
- Punjab has the highest per capita incomes in India.
- Conducive and harmonious industrial relations.
- Well-developed export base.
- Strong agricultural and a well developed small
and medium scale industrial base.
- Well-developed financial services- banks, financial
institutions and stock exchange.
- Peaceful and congenial environment.
- The state of Punjab cleared a record level of Private
investment amounting to US$ 11.2718 billion in various
industrial and housing projects, of which nearly US$
1.95088 billion has been materialized. Punjab has
been judged as the best-administered state in India
over the last three years.
- Punjab has the best power situation in the country
and the power tariff is one of the lowest in the country.
- The Government is committed to its initiatives in
e-governance and has envisioned the creation of a
common infrastructure for the implementation of e-governance
projects
Economic Infrastructure
Roads
Punjab provides a very fine system of road transport.
A total of 54836-kilometer long roads pass through it.
Mettled roads link almost all villages of the state.
Its modern bus fleet of 3,511 buses covers a distance
of 1.05 million Kilometers per day. The state government
has also proposed to construct express highways and
free ways for speedier vehicular traffic. The Punjab
Government proposes to construct 50 ROBs and 3 Super
Bus Terminals (Jalandhar, Amritsar and Ludhiana) on
BOT basis. Projects have been taken in a big way for
the upgradation of Chandigarh-Ludhiana, Zirakpur-Patiala,
Ropar-Nawanshahar, Jagraon-Nakodar highway.
Villages connected by metalled roads, towns of adjoining
states and National Highways:
National Highway No.1:
Has four-laning halfway complete, passes through Punjab
from Ambala to Amritsar, links Punjab with Haryana,
J&K and Delhi.
National Highway No. 2:
(Ambala-Shimla), passing through Chandigarh and linking
Punjab with HP
Kilometers of National Highways:
1729 kms
Kilometers of Provincial Roads:
48660 Kms
Roads per 100 sq. kms:
118 km
Percentage of villages linked
with roads: 99.24
Highest Surface Length/100sq
Km: 95 Km
National Highways:
977 Kms
State Highways: 2166
Kms
Major District Roads:
1799 Kms
Other District Roads:
3340 Kms
Link Roads: 31657 Kms
Railways
A well-connected railway system exists in Punjab through
the network of Indian Railways. The main railway routes
passing through Punjab are:
- Amritsar-Ambala-Delhi
- Sriganganagar-Ambala-Delhi
- Ferozepur-Ludhiana-Ambala
- Pathankot-Rupnagar-Fatehgarh Sahib
- Sriganganagar-Bathinda-Narwana
Aviation
Punjab has well - connected airports at Chandigarh,
Amritsar & Ludhiana. It has air cargo complex at
Amritsar, inland container depot at Ludhiana, container
freight station at Jalandhar, Ludhiana, Amritsar and
container freight station at Bathinda, Rajpura.
Power
With the approval of electricity bill 2003 by the parliament,
the power sector reforms have also speeded up in the
state. Reforms such as availability of quality power
at an competitive rates to the customer have been undertaken
in the power sector with the proposals of Punjab State
Electricity Board (PSEB).
In 2006,GNDTP thermal plant saw the maximum growth in
power generation of nearly 24 per cent. Further, during
2006-07, Guru Gobind Singh super thermal plant registered
the highest thermal power generation at 4,909 million
KwH, witnessing an increase of 6 per cent.
Among the hydro power plants in the state, RSDP power
plant generated 220 million KwH of power followed by
ASHP hydel power plant at 75 million KwH and Shanan
power plant at 57 million KwH during 2006. During 2006,hydroelectricity
produced by RSDP power plant was the highest at 1,071
million KwH.
The Government of Punjab has set the following objectives
to reform the power sector:
- Achieving commercial viability. PSEB earned a whooping
commercial profit of about Rs. 180 crores during 2003-04.
- Providing reliable quality power to all the consumers
in the state at the affordable rates.
- Memorandum of Understanding (MOU) signed between
Ministry of Power, Govt. of India and Govt. of Punjab
on 30.3.2001 to affirm the joint commitment of two
parties to reform the power sector in the State.
Energy
The Punjab state is dependent mainly on thermal, hydel
and solar power. The main source of power in the state
all along has been hydroelectric power and thermal power.
For thermal power, the state has three power stations
at Bathinda, Ropar and Lehra Mohabbat. Another, rice
straw plant of 10 MW at Jalkhari has been leased out
w.e.f. 24.7.02.
Considering some alternative sources of energy, the
scope for solar energy is very wide in the state and
biogas can also meet the requirements of rural people
to a limited extent.
Energy is one of the crucial infrastructures for economic
development of the state. Government has been making
higher allocation for this sector to meet the demand
for electricity in the state. During 2005 out of total
plan outlay of Rs. 3550.00 crores, a sum of Rs.964.65
crores (27.17 percent) has been approved for energy
.The installed plant capacity generation was 4450 MW
in the year 2005-06.
Electricity
Installed plant capacity:
During the 2005-06, installed plant capacity for electric
power generation in the State is 4450 MW.
Plant load factor:
Thermal power plants are expected to generate a plant
load factor of 74.69 percent during 2005-06 as against
77.45 percent during 2004-05.
Electricity Generation
During 2006 total power generation in Punjab rose by
5.7 per cent to 1,768 million KwH. Around 75.7 per cent
of the total power generation came from the thermal
power plants. In absolute terms, thermal power generation
was 1,338 million KwH while hydel power generation was
430 million KwH. During 2006-07 total power generation
in the state was 10,370 million KwH. Thermal power generation
rose by 6.6 to 7,729 million KwH.
Tube wells energized
As many as 31212 tube wells were energised during 2004-05(P)
thus bringing the progressive total of energised tube
wells to 912889 in the state, to meet the increasing
demand for irrigation facilities.
Transmission and Distribution
(T&D) losses: As per estimates of financial
resources of Punjab State Electricity Board, transmission
and distribution losses (Technical & Non Technical)
is estimated to be 24.00 percent during 2005-06. There
is a scope to curb these losses in the state. The energy
saved from such losses will increase its availability.
Biogas plants provide
energy in a clean and non-polluted form in rural areas.
It also produces nitrogen-enriched manure, which helps
in raising crop production. Department of Agriculture
Punjab has installed 477 and Punjab Energy Development
Agency has installed 1000 Bio gas plants during 2004-05.
Social Infrastructure
Education
Punjab is ranked seventh in terms of education amongst
the states. With growing pace of industrialization in
Punjab, the main stress has been on expansion, modernisation
and reorientation of technical education and industrial
training system so as to match it with emerging technologies
for ensuring quality manpower availability to the industrial
sector. The basic objective is to produce engineers,
technicians and craftsmen who are viewed as assets by
the Industry of world-class capability. For this purpose,
besides opening up new Engineering colleges, Polytechnics
and Industrial training in the emerging areas, the existing
institutions are being modernized by providing new equipment
and machinery with the assistance of World Bank as also
the state government. To consolidate the development
in these fields, a new full fledge 'Punjab Technical
University' at Jalandhar has been established.
Four Directorates function under the Punjab Education
Department:
- Directorate of Public Instruction (Colleges)
- Directorate of Secondary Education
- Directorate of Primary Education
- Directorate of State Council of Educational Research
and Training (SCERT).
Punjab has a well-developed educational system consisting
of the following:
- 5 Universities.
- 2 deemed universities.
- 38 Engineering Colleges from which 9,455 students
pass out each year.
- 57 MBA & BBA Colleges from which 2,000 students
pass out each year.
- 25 MCA Colleges from which 1,180 students pass out
each year.
- 355 undergraduate Colleges from which 44,000 students
pass out each year.
- 75 post graduate Colleges from which 16,032 students
pass out each year.
Major Industries
Agriculture
Agriculture is the most important constituent of the
primary sector including forestry, animal husbandry,
mining and fishing. Looking at the history of the economic
development of the most of the present developed nations
or those, which have embarked on the development path,
it is the development of the agriculture that has laid
the foundation of the development of the other sectors
of their economies.
Punjab is a little big state of India: little because
the state occupies only 1.5 per cent of the geographical
area of the country and big because around two-third
of the food grains procured annually in the country
come from this state. Further over 95 per cent of the
food grains that are moved interstate to feed deficit
areas through the public distribution systems are the
stocks procured from this state.
New Initiatives in Agriculture
- Integrated Pest Management:
A new concept introduced to farmers to assist
in general crop conditions & ability to identify
pests & diseases and their cures.
- Bio-Fertilisers Bio-fertilisers play a very vital
role in farming today. Concentrated efforts are being
made to popularise them in the state, and a special
Bio fertiliser unit has been recently set up in Ludhiana.
- Special Campaign to Boost Productivity: Under this
campaign, two villages will be allocated to each agricultural
development officer to provide technology transfers
and target on an increase in crop production within
a period of two years. Agricultural development officer
also ensures timely supply of inputs such as certified
seeds, fertilisers etc.
- Diversification of Agriculture To diversify the
cropping pattern, efforts have been made to divert
areas to a variety of crops like sugarcane, maize,
soyabean and agro forestry.
- Bee Keeping Under this scheme, beehives, boxes and
other equipment are given on subsidized rates to the
small, marginal and land-less farmers who opt for
bee keeping. In addition to this Punjab Agro Industries
Corporation in collaboration with Natural Honey Bee
Products Ltd., is also providing loans through the
banks to the farmers for bee keeping.
- Floriculture The state Government of Punjab has
given a tremendous boast to floriculture. It has provided
nearly 30 lacs gladiolus bulbs to the farmers in the
state. Floriculture centres have been set up in Punjab
with financial assistance from the central government
to train the farmers. To propagate new gladiolus varieties
a floriculture centre is being set up at village Majra,
near Chandigarh.Punjab Agro Industries Corporation
(PAIC) has set up a floriculture project in joint
sector near Lalru under the name and style of M/s
Punjab Blossoms Ltd with a capital outlay of Rs. 303
lacs. Another floriculture project has come in public
sector under the name Toubro Industries Limited near
Dappar, District Patiala.
Biotechnology
Biotechnology in agriculture refers to the techniques
that allow scientists to modify DNA, the genetic material
of crop plants and livestock, to enhance their tolerance
to pests and diseases, increase yield and improve quality
and nutritional value. It has a wide range of possible
applications in agriculture and food.
The Punjab Government has set up seventeen member Biotechnology
Council, besides seeking to involve top experts to facilitate
the quick transfer of biotechnology for the immediate
benefit of the farm sector. The state government has
already approved an integrated approach for the practical
application of biotechnology in agriculture by bringing
together the farmer and industry.
The state now proposes to set up an institute for excellence
in biotechnology with the support of the Department
of Biotechnology of the Union Government by coordinating
research activities in various institutions, including
Punjab Agricultural University, Guru Nanak Dev University,
Punjab University and the Institute of Microbial Technology.
The biotechnology benefits to agriculture include:
- Improving crop yield by developing genetically improved
plants (GIPs).
- Less chemical usage on crops
- Improved food quality
- Environment friendly due to less use of pesticides
and more of herbicides.
- Green-manuring (ploughing live plant material into
soil for improving the physical structure as well
as fertility of the soil).
- Agro forestry (using trees on farms which helps
in availability of many products such as timber, fodder,
fuel wood, medicines and oils and also helps to conserve
soil, enhance soil fertility, and provide shelterbelts
for crops and fruit trees).
New schemes of extension reforms:
- Mass media support to agriculture extension.
- Agri-clinics / agri-business centres.
- Establishment of kissan call centre.
- Private - Public Partnership (PP) in agriculture
extension management.
Textiles
The textile industry in India occupies a significant
position in the economy, as it is one of the oldest
industry to come into existence. The Textile industry
also forms an important part of the Punjab economy as
it adds about 19% to the total industrial production,
and contributes nearly 38% of the total exports from
Punjab thereby adding foreign exchange to the economy.
It is the only industry that is complete and self-reliant
in value addition i.e from raw material to the highest
value-added products-garments/made ups. Thus, the growth
and development of textile industry has a significant
bearing on the overall development of the Indian economy.
The textile industry employs near about 60% of the
total industrial employment in the state of Punjab,
becoming the single largest employment Provider. The
textile industry requires specific human skills, even
though it has a high level of mechanisation, the chances
of machine replacing the humans is minimum. This industry
helps in the upliftment of the lower sections of the
society / semi-literates where the incident of unemployment
is high. More importantly it employs more women than
any other industry in Punjab. Any boost to the textile
industry in Punjab will help in raising the employment
levels in the state.
With the elimination of quota regime under Multi-Fibre
Arrangement (MFA) and implementation of World Trade
Organization (WTO) agreement on textile and clothing,
the potential for global trade in textile has increased.
There is a now greater export opportunity and at the
same time making the domestic industry permeable to
higher imports. To maintain a competitive edge in the
international market, the industry has to improve its
efficiency and productivity. At present, with an end
to quota regime, the major importers of textiles, USA
and European Union (EU) are looking forward to Indian
textile industry to meet their textile requirements.
Information Technology
The information technology has gained a global recognition
as an important medium of development in the new era.
India has also recognized this need and embraced Information
Technology (IT) as the principal engine of rapid growth.
The Government of Punjab is committed to install IT
as an effective tool for catalyzing accelerated efficient
governance, human resource development and economic
growth. In India's resolve to become an IT superpower,
Punjab ensures to become an equal and leading partner.
Government of Punjab has a clear vision to use the
Information technology towards accelerated overall development
of a knowledge rich society. The benefits of information
technology is being viewed as of vital importance by
the state because of two main reasons:
- Firstly, Information Technology will be used to
reduce the cost of governance and improve overall
efficiency and effectiveness of the government machinery
and to enable the government to dramatically re-engineer
and improve its processes and service delivery systems
for the benefit of common public.
- Secondly, Information Technology can dramatically
help improve the economy of Punjab, generating more
jobs and export revenues and thus enhance the overall
quality of life of people.
IT and Internet have established a Global Digital Networked
Economy. Government of Punjab has also fully recognized
the fact that it needs to invest in education, Infrastructure
and IT to be a leader in this economy.
The government of Punjab has identified three ways
in which the State can increase employment and boost
economic growth in Punjab by using IT:
- By increased organizational efficiency of the Government.
- By building a successful domestic Information Technology
& knowledge based Industry and business.
- By producing globally competitive IT enabled human
resources for self-employment as well as job employment
within and outside the state and the Country.
Tourism
In Punjab, both domestic and international tourism
provides huge opportunities of development to the state
in short-term as well as on a long-term basis and generates
sizeable revenue to meet the necessary requirements
of state. Popularity of Punjab tourism can be witnessed
by the fact that the internationally renowned Golden
temple in Amritsar has been recommended to UNESCO by
tourists for world heritage monument status.
In Punjab tourism is primarily religious and tourists
from all over the world visit Punjab mainly on a religious
trip. There are large numbers of Gurudwaras including
three principal Takhts of Sikhs in Punjab. Moreover,
there are many important Hindu Temples such as the Ram
Tirath, Durgiana Mandir, Kali Devi Mandir at Patiala,
which have a history behind them. Punjab also has certain
important Muslim religious places like Rauza Sharif
in Sirhind, which is considered, next to Mecca. Other
important mosques are Jamma Masjid Jalandhar, Moorish
Mosque Kapurthala, Chilla Baba Sheikh Farid Faridkot
etc.Two major tourism destinations of Punjab are Amritsar
and Anandpur Sahib.
The Government of Punjab has been taking several initiatives
to promote investments in the tourism sector. These
include:
- The state abounds with some of the best forts and
palaces. The Government is encouraging the preservation,
conservation and upkeep of such heritage properties
and selectively open some of them for being developed
into Hotels/Tourist Complex.
- The state encourages private investments in developing
ancient buildings and heritage properties as tourist
resorts.
- The properties owned by the state government may
be offered on easy terms to private entrepreneurs
for conversion into hotels on a case-to-case basis.
- Corporate sector is invited to join hands with the
government in conservation of historical heritage
and monuments in the state.
- The government is working towards improvement in
infrastructure facilities at tourist attractions.
- Private sector is encouraged to set up hotels/restaurants/
lodging facilities at religious centres.
Leading Business Locations
| Ludhiana |
Bicycle, Bicycle Components
Hosiery Goods, Sewing machine & parts of Machine
Tools.
Jalandhar Agricultural products, textiles, leather
goods, wood products& sporting goods. |
| Phagwara |
Cloth and sugar mills. |
| Goraya |
Fodder chopping machines, harvesting
combines and axles. |
| Kartarpur |
Furniture |
| Pathankot |
An important link city for going
to Jammu and Kashmir, Dalhousie, Chamba, Kangra
and the deep Himalayas |
| Patiala |
Embroidered golden and silver
Punjabi shoes, match dresses, silver and gold embroidered
"naalas" (or pyjama strings) parandhas
(women weave them at the end of their plaits or
braids) |
| Rajpura |
Cables,tyres and a whole range
of agro-products |
| Nabha |
manufacturing unit of the famous
Horlicks Company |
| Bhatinda |
One of the biggest cotton producing
regions of India, a big thermal power plant and
fertilizer factory. A big oil Refinery is also coming
up in the district. |
Internationally Renowned Indian Companies Working In
Punjab
| Ranbaxy |
Medicines |
| Hero Cycles, Avon Cycles |
Cycles |
| Punjab Tractor Ltd |
Swaraj Tractors and Combine
Harvester |
| Oswal Woolen Mills |
Monte Carlo, Casablanca |
| Oswal Knit India Ltd. |
Pringle |
| JCT Textiles, DCM |
Ctv Picture Tube, Steel rope,
Castings |
| Birla_VXL (OCM) |
Woolen fabric |
| JIL |
Maltova, Viva, range of wines
and liquor |
| Gujarat Ambuja |
Cement |
Major Multinational Corporations
Operating in Punjab
- Nestle
- Hitachi
- SmithKline Beecham
- Fujitsu
- PepsiCo
- OKI of Japan
- GEC, USA
- Kenwood
- Olivetti, Italy
- Motorola
- Nippon
- ICI
Investment Incentives
Investment Incentives in the Agro & Food Processing
Industry
- For agriculture commodities other than wheat and
paddy no market fees shall be levied on purchases
made by agro and food processing units.
- Similarly for commodities other than wheat and paddy
purchased by food and agro processing units, no rural
output tax shall be charged.
- All processing units will be allowed to purchase
agricultural products directly from the farmers and
necessary exemption for this purpose will be given
to them under the Punjab APMC Act.
- Sales tax on packaging material will be reduced
to minimum floor level.
- Sales tax on ISI mark pumps and motors will be
reduced to the minimum floor level.
- There will be no restriction on any dealer for
stocking / movement of food grains, sugar and edible
oils in view of Removal of Licensing Requirements
Stock Limit and Movement Restrictions on Specified
Food Stuffs Order, 2002.
- For agro and food processing units (other than those
processing wheat and paddy) input tax credit in respect
of sales or purchase tax paid, as envisaged under
the proposed VAT regime, will be allowed provided
the finished products are taxable under the local
tax act or under the CST act. This input tax credit
shall be allowed at the rate of tax on inputs or the
rate of tax on output, whichever is lower. In respect
of wheat, paddy / rice industry, this Input tax credit
will only be allowed to those agro and food processing
units which have a fixed capital investment of at
least US$ 10.8152 million.
Investment Incentives in the Information Technology
Sector
Single Window Service
- All Knowledge ,IT/ITES Parks, estates, complexes
that are set up by Punjab Information and communication
Technology Corporation Limited or in its joint ventures
would be facilitated through a Single Window Service
to assist the entrepreneurs / investors.
- These units will also be provided with a single
window service to assist entrepreneurs / investors
to get statutory clearances for setting up units.
Tax / local tax Rationalization
and benefits
- Sales Tax on IT and BT products would be maintained
on the minimum floor rates as announced by the Govt
of India . No turnover tax,additional sales tax, surcharge
or any other additional levy related to sales tax,
shall be applicable to IT and BT products and services.
- No restrictions on the movement of capital equipment
including IT, ITES, Electronics and Biotech equipment,
hardware peripherals, captive power generating sets,
UPS sets and telephone exchanges.
Rationalisation of Octroi
No octroi will be charged on the IT, ITES, Electronics
and Biotech items including hardware, software, components,
PCB's, populated PCBs and mechanical items relating
to IT and ITES and electronics, which are being brought
into the Industrial Areas/ Industrial Focal Points/
IT parks / complex,
Locational benefits
Software, Electronics and bio-informatics industry
which require electrical power up to 10 KVA will be
permitted to be established without any location restrictions
and will be eligible for all incentives and concessions.
This is subject to certain norms to be notified by Punjab
Information and communication Technology
Benefits in respect of electric
power
Power at the industrial tariff rate and other incentives
and concessions will be applicable to IT, ITES, Electronics
and Biotech industry including those in the urban areas.
Exemption from Electricity Duty
All IT, ITES, Electronics and Biotech units located
in the State of Punjab are exempted from payment of
electricity duty for a period of 5 years from the date
of release of electricity connection.
No power cuts or restrictions of
peak load hours
All IT, ITES, Electronics and Biotech units located
in the State of Punjab are exempted from the purview
of statutory power cuts.
Facilitation Services:
- All IT, ITES, Electronics and Biotech units are
exempted from obtaining NOC/ consent from the Punjab
Pollution Control Board (PPCB) provided that where
the number of workers in such industry is more than
300 and there exists no sewerage facility, no exemption
shall be available. Even the hardware industries,
except for those having electroplating, heat treatment
and painting process, are exempted from obtaining
NOC/ consent of Punjab Pollution Control Board (PPCB)
provided that where the number of workers in such
industry is more than 300 and there exists no sewerage
facility, no exemption shall be available.
- All IT, ITES, Electronics and Biotech units are
allowed to self-certify the full observance of the
provisions of law in respect of the following Acts
and Rules instead of the statutory inspections/ verification
reports by the concerned Departments in respect of
the acts laid down by law.
Three shifts operation
General permission has been granted to all IT Software
Industry and IT Enabled Service Industry and electronics
industry as well as the Biotech Industry to operate
in three shifts and also employ the ladies staff on
such jobs subject to the conditions notified.
Infrastructure incentives and facilitations
Land / office space offered to IT, ITES, Electronics
and Biotech units at a reasonable / discounted price
worked out by the Government for each IT and BT Park
subject to certain considerations.
Exemption from Stamp Duty and Registration
Fee
Property transaction in connection with setting up
of IT & ITES and Biotech Parks, Complexes shall
be exempted from payment of stamp duty for period of
three years. The maximum registration fee charged from
these units shall not be more than US$ 21. 6768. There
shall be no stamp duty on lease and financial instruments
of units located in such notified areas during the setting
up of these parks and thereafter for a period of three
years. Thereafter a stamp duty of 2% would be chargeable
on such transactions.
Relaxation of FSI
Government of Punjab would offer relaxation of FSI
(Floor Spacing Index) in the towns to the extent of
50% for IT & ITES and BT Parks, Complexes and electronics
/ Biotech estates as authorized by the Department of
Industries & Commerce, Government of Punjab or Punjab
Information and communication Technology Corporation
Limited (Punjab InfoTech)
Exemption from land and building
tax
The portion of the commercial buildings which are fully
dedicated to IT, ITES, Electronics and Biotech Industry
will be exempted from the property tax for a period
of 5 years. In case of change of use of building prior
to 5 years such exemption would automatically be revoked.
Investment Incentive in the Biotechnology Sector
- Minimum floor level of Sales Tax rates.
- No restriction on movement of capital equipment.
- Rationalisation of Octroi.
- Power at Industrial Power Tariff.
- Exemption from Electricity Duty for five years.
- No power cuts or restrictions on peak load hours.
- Exemption on property transactions from Stamp Duty
and Registration Fee for three years.
- Relaxation in Floor Spacing Index to the extent
of 50%.
- Exemption from Land and Building Tax. The above
Package of Incentives will be valid for a period of
three years and subject to review thereafter.
Investment Opportunities
- Agriculture
- Dairy and Poultry based units
- Meat Processing
- Leather Industry
- Sports goods
- Textiles Hosiery and Woollens
- Light Engineering goods
- Biotechnology
- Electronics and Telecommunications
- Information Technology
- Automobiles
- Engineering industries relating to agriculture
and food processing
- Ancillary units
- Chemical Industries (Including drugs and Pharmaceuticals)
- Export Oriented Units
Policy Framework
Industrial Policy 2003
Objectives of the Policy
The new Industrial Policy has following broad objectives:
- Create a conducive investment climate through infrastructure
creation, reduced regulations and general facilitation.
- Rejuvenate and make competitive existing industry,
particularly in the small-scale sector through improved
technology, product quality and marketing.
- Create a special thrust in the areas where Punjab
has an edge in terms of cost and competitiveness
Main Planks of the Industrial Policy
- Hassle free dealing with government.
- Power sector reforms.
- One time settlement scheme.
- Industry and business friendly tax administration.
- Enhancement of competitiveness of the existing Industry.
- Revival of sick Small Scale Industrial (SSI) Units.
- Redefining role of PSIDC, PFC and PSIEC.
- Industrial infrastructure development.
- Measures for attracting new investment
Full
text of the policy
Notification Textile Policy 2006
The objectives of this Policy are following:-
a). Facilitate the Textile Industry of Punjab to
attain and sustain a pre-eminent global standing;
b). The Industry equips itself to withstand pressure
of import penetration and maintains a dominant presence
in the domestic market;
c) Facilitate cluster formulation to promote collective
efficiency of textile units by improving their business
processes and support systems.
To achieve above objectives, the policy intends to
work on following thrust areas
a) Technology up-gradation;
b) Enhancement of productivity;
c) Quality consciousness;
d) Cluster development;
e) Strengthening of raw-material base;
f) Integrated human resource development; and
g) Special benefits to Textile Industry.
Full
text of the policy
IT Policy
Objectives of the Policy
- Improve the overall economy of Punjab by generating
more jobs,
as well as domestic and export revenues and ensuring
even spread
of such benefits to one and all.
- Creation of high value Employment potential through
Human
resource development in IT and related areas along
with the IT
industry and business.
- Make Punjab a favoured industry destination for
attracting investment from outside the state by facilitating
the creation of world class infrastructure, institutional
framework and an enabling environment
- Provide citizen-centered Governance, which is efficient,
low cost effective, transparent, friendly, affordable,
convenient and ensures full accountability of employees.
The government would empower Citizen through deployment
of IT and e-governance.
- Make the State of Punjab globally competitive in
the new Globalized, Privatized and Liberalized economy
and Changing business environment of the new millennium.
- Turn the state into a smart & intelligent state
and a knowledge society through IT education and e-Governance
by promoting knowledge as the key resource for economic
progress of individuals & institutions.
Full
text of the policy
Tourism Policy 2003
Objectives of the Policy
- To promote Tourism in the state of Punjab in such
a way that it will contribute to the generation of
employment, economic growth and particularly bringing
the tourist closer to the culture of Punjab.
- To develop places of interest in Punjab as tourist
destinations. Patiala and kapurthala will be developed
for culture and heritage, while Anandpur Sahib and
Amritsar as religious centres.
- To promote private sector participation in the development
of tourism with Government facilitation to develop
necessary infrastructure in the state.
- To position Punjab on the Tourist Map of India for
tapping the untapped potential of various heritage
monuments in Punjab.
- To implement Tourist Master Plan prepared by government
of India for development of sustainable tourism.
- To provide quality service to all domestic and international
tourists.
- To diversify and expand marketing of Tourist potential
of the state along with preserving the cultural monuments
against any kind of decay.
- To encourage people's participation through tourism
promotion to provide economic benefits to the people
through such participation. And to encourage involvement
of NGOs like INTACH and other heritage societies by
providing them support, assistance and making use
of their expertise for development of tourism.
Key strategies of this policy
- Government will act as a facilitator/catalyst by
providing support infrastructure facilities such as
wayside amenities, tourist information centres, facility
for holding/managing craft melas, transportation services
and a platform for managing a calendar of events.
- To provide basic infrastructure viz. roads, aviation
services, rail, water services through joint government
- private sector initiative.
- To involve private sector in strengthening/up-gradation
of museums, heritage and cultural sites in the state
of Punjab.
- To manage and implement the tourism master plan.
- Restoration of monuments, ancient palaces, forts
and introduction of a heritage holiday scheme.
- Utilizing the services of consultants in planning
and execution of 20 years perspective plan for development
of sustainable tourism in Punjab.
- Awareness campaign for the public to create a favourable
ambience and affinity toward Tourism.
- Efforts will be made to coordinate preservation,
conservation and upkeep of old buildings with all
departments including ASI, Waqf Board, Municipal Corporation
etc. Revival of traditional buildings and art would
also be supported.
Full
text of the policy
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