The State of Punjab is located in northwest India. The state shares an international border with Pakistan. Chandigarh is its capital city. Other prominent cities in the state include Amritsar, location of the famous golden temple, Jalandhar, Mohali, and Ludhiana. The major occupation of the state is agriculture, and it is the single-largest wheat producing state in India. The state is referred to as the “food basket and granary of India” for its large contribution to Indian agricultural harvest.
Punjab is a wonderland with limitless business investment opportunities in the agro-based industry. Apart from being the largest wheat producer in India, the state also grows an array of crops, including sugarcane, corn, and maize amongst others. The state also is engaged in horticulture and forestry activities. The investment potential in the agro-based sector of Punjab lies in the following areas:
The state of Punjab is culturally diverse and is naturally endowed with fertile soil and a good river system. The state occupies about 1.54% of India's total land. It is a land of numerous opportunities for making investments:
Besides the agro-based sector there are other sectors that have great promise for investments. Some of the other sectors in which investing can result in good returns are:
To attract foreign investment the state government of Punjab has announced several attractive policies to lure new investors in the state. These policies are basically aimed to facilitate complete economic development of the state by providing incentives and attractive schemes to the investors.
The state government has announced the Industrial policy of Punjab with an aim to attract investment and put industrial development of the state on fast track. The main objectives of the policy are to:
Thus, through the initiative of the government coupled with the natural endowment and the huge agricultural sector, Punjab is a state to invest in.