NEW GROWTH DRIVERS FOR MANUFACTURING
With an annual growth rate of 10% in passenger traffic and strong ecosystem, the Aerospace and Defence sector is an untapped market for Punjab’s manufacturing Industry.
In addition to this, a well-established manufacturing ecosystem for light engineering, machine tools, automotive components etc. make local manufacturers well poised to become the vendors of the large Aerospace and Defence manufacturers.
In order to provide strong R&D support for advanced manufacturing, Central tool room in Ludhiana has been set up under bilateral agreement between India and Germany.
|WHY INVEST IN PUNJAB|
|New international airport at Mohali set to further increase the passenger movement in the State|
|Six airforce stations, along with one of the largest airforce bases of India in Adampur|
|Strong R&D support for advanced manufacturing|
|Large MSME base for engineering|
Last Updated Date: 12-Mar-2019