An Easy Place to do Business

Rank 1 in "Ease of Setting Up A Business" by world bank. The World Bank has ranked Ludhiana as the easiest place to do business among 17 key cities in India. Ludhiana is the major industrial and economic hub of Punjab and is a significant centre of manufacturing in India. It was ranked at the top among key cities in India for paying taxes and second for resolving insolvencies by World Bank.

LANDMARK REFORMS TO MAKE PUNJAB EVEN FRIENDLIER AND MORE ATTRACTIVE FOR BUSINESSES

Establishment of Punjab Bureau of investment Promotion (PBIP)

  • PBIP acting as a single point of contact for innvestors
  • Essential government clearances provided by PBIP eliminating multiple points of contacts and applications
  • Online Tracking of applications and approvals within fixed time lines

Restructuring Process

  • Online application submission with a single centrelized application form
  • Self attestation of documents
  • Third party certification by professionals
  • Removal of redundant clearance, inspections and certifications
  • Standardized mechanism for grievance redressal
  • Online gateways for payment of application/ service fee

Attractive Package for Fiscal Incentives

  • Landmark incentives through retention of VAT & CST by companies
  • Exemption of electricity duty, stamp duty and property tax
  • Targeted benefits for high opportunity sectors

Dedicated Relationship Officers

  • Senior government officials to act as relationship officers fir corporate houses
  • Relationship officers appointed for a period of 3 years
  • Dedicated channel of contact with the government

Last Updated Date: 30-Apr-2017