Recent Developments in Key Sectors

• In the State Budget of 2022-23, Rs. 20,437 lakh (US$ 25.7 million) has been allocated to the buildings & roads department.
• The city attracted Foreign Direct Investment (FDI) equity inflow worth US$ 109.33 million between October 2019-March 2024 as per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
• As of May 31,2024, Chandigarh had a total installed power generation capacity of 235.09 MW, of which 169.57 MW was contributed by central utilities and 65.52 MW by private utilities.
• In FY24, Chandigarh exported Engineering Goods for worth US$ 50.13 million, followed by Drugs and Pharmaceuticals worth US$ 14.64 million and Electronic Goods worth US$ 9.60 million.
• Total merchandise exports from Chandigarh stood at US$ 108.9 million in FY24
• Total merchandise exports from Chandigarh stood at US$ 98.81 million in FY22. The key items exported from Chandigarh include industrial machinery, other misc. engineering items, drug formulations, and electronics components.
• Out of about 2,950 small-scale industries in Chandigarh about 40% are ancillary units producing components for the major tractor industry around Chandigarh. The light engineering industry is heavily represented, other industrial units produce mainly industrial fasteners, electrical/electronic items, machine tools, pharmaceuticals, plastic goods, sanitary fittings, steel / wooden furniture food products etc. A number of items manufactured here are finding ready markets abroad.
• Out of the total Union Budget 2021-22, a major chunk of Rs. 950.41 crore (US$ 130.57 million) has been allocated for the next fiscal year for Housing and Urban Development including the smart city project.
• On August 14, 2021, the Chandigarh Health Department achieved 100% inoculation of the targeted population, with at least the first dose of the COVID-19 vaccine.
• In December 2020, the Chandigarh administration announced to hire 40 AC electric buses for a period of 10 years to improve the air quality of the city.
• In April 2021, Chandigarh’s administration has decided to expand the IT industry in the Industrial Area. According to the Chandigarh Export Promotion Plan, the union territory will allow IT-based industry, including software and electronics hardware, to set up their units, but any activity entailing direct customer interface would not be allowed.
• There are many units manufacturing agricultural equipment, tractor components, auto parts, tyres & tubes, electric meters, electronic items, cables and engineering items operating in Chandigarh.
• Basic metal and metal alloy industries are among the leading industries in this sector in Chandigarh. Metal products such as bars, rods of steel & rolled products and HR strips are some examples.
• Chandigarh industrial area is also home to several pharmaceutical manufacturing companies such as Pfizer and Ind Swift.
• ~ 40% of all industries in Chandigarh are ancillary units manufacturing components for the tractor industry.
• Other industrial units are mainly into manufacturing industrial fasteners, electrical/electronic items, machine tools, pharmaceuticals, plastic goods, sanitary fittings, steel / wooden furniture food products etc.