Last Updated: July 23, 2015
Latest update: August, 2015
Last Updated: August, 2015
PUNJAB State Report | August, 2015
Punjab is bordered by the Pakistani province of Punjab to its west, Jammu & Kashmir in the north, Himachal Pradesh in the northeast, Haryana in the south and southeast, and Rajasthan in the southwest.
Punjab's fertile and productive soil has accorded it the status of 'Granary of India' and the 'Bread basket of India'. Occupying only 1.5 per cent of India's geographical area, the state accounts for about 17 per cent of the country's wheat production and 11 per cent of rice production. This makes it suitable for agro-based industries, dairy farming and products, and other food processing industries.
Punjab has emerged as a key hub for textile-based industries including yarn, readymade garments and hosiery. With the development of apparel parks, favourable textile policy and other incentives for the creation of textile infrastructure, the state offers opportunities for investment.
Punjab ranks first in India in terms of infrastructure facilities offered. Punjab's road, rail and air transport network, connectivity, construction of bridges and infrastructure facilities are among the best.
The average GSDP growth rate for the state of Punjab was about 14.2 per cent between 2004-05 and 2013-14. The state provides investment opportunities in sectors such as textiles, agro-based industries, IT & ITeS, automotive and auto components, sports goods and light engineering goods.
Punjab has a well-developed social and industrial infrastructure. Its transport network is one of the best in India, with easy access to key markets such as the Delhi-NCR region. Punjab has witnessed impressive growth in the number of clusters and hubs, with the establishment of several PPPs.