Punjab has emerged as the leading hub for textile-based industries such as apparel manufacturing, spinning and hosiery exports. With the development of apparel parks, favorable textile policy and other incentives for the creation of textile infrastructure, the state offers multiple opportunities for investment. Further, engineering sector is a major contributor in the economy of Punjab. Over the last decade, it has grown more than 16%, and constitutes 23% of the total industrial output of Punjab.
Another key strength of Punjab is its thriving eco-system of well-established Micro, Small and Medium enterprises. Punjab is home to approximately 1.56 million MSME which are one of the most important pillars of the industrial growth.
|WHY INVEST IN PUNJAB|
|Manufacturing, the most dominant sector of the industry with 20% share in GSDP in 2013‐14|
|Pioneering in Light Engineering with 80% share in bicycle parts production and 85% of country’s sewing machine production|
|2nd largest cotton & blended yarn producer in the country|
|One of the leading exporter of yarn, hosiery and readymade garments|