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KNOW INDIA

INDIAN STATE : PUNJAB

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

Company
Products
Ranbaxy Medicines
Hero Cycles, Avon 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
Godrej Washing Machine
ACC Cement
SIEL Chemicals, Vanaspati
Abhishek Denim Fabric

Major Multinational Corporations Operating in Punjab

  • Nestle
  • Glaxo Smithkline
  • Pepsico
  • GEC , USA
  • Ollivetti , Italy
  • Nippon
  • Hitachi
  • Fujitsu
  • OKI of Japan
  • Kenwood
  • Motorola
  • Dumax(M/S Vinton Healthcare Pvt. Ltd.)

Among major Industrial clusters, the names of Ludhiana, Jalandhar , Patiala , Phagwara, Batala , Goraya, Mandi Gobindgarh and Mohali are worth mentioning. Dera Bassi, Chanalon, and Rajpura are emerging as new and important clusters which are attracting industrial investment not only from Punjab but also from outside.

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.

 

 

 
 
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