INDIAN STATE : PUNJAB
Leading Business Locations
||Bicycle, Bicycle Components
Hosiery Goods, Sewing machine & parts of Machine
Jalandhar Agricultural products, textiles, leather
goods, wood products& sporting goods.
||Cloth and sugar mills.
||Fodder chopping machines, harvesting
combines and axles.
||An important link city for going
to Jammu and Kashmir, Dalhousie, Chamba, Kangra
and the deep Himalayas
||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
||Cables,tyres and a whole range
||manufacturing unit of the famous
||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
|Hero Cycles, Avon
|Punjab Tractor Ltd
||Swaraj Tractors and Combine
|Oswal Woolen Mills
|| Monte Carlo, Casablanca
|Oswal Knit India Ltd.
|JCT Textiles, DCM
||Ctv Picture Tube, Steel rope,
||Maltova, Viva, range of wines
Major Multinational Corporations
Operating in Punjab
- Glaxo Smithkline
- GEC , USA
- Ollivetti , Italy
- OKI of Japan
- 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 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
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
- 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,
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 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.