Punjab-Investment and Industrial
Policies
Industrial
Policy, 2003
Although Punjab is primarily an agrarian
State, the future lies in the development of Industry, by
harnessing the synergies in agriculture and industry through
the development of agriculture based industry, by further
strengthening base of manufacturing industries, and by rapid
development of service and knowledge based industry. During
the past few years, industry has been feeling the pressure
of the liberalized economic regime. Resultantly, there has
been declining trend in the industrial growth during the
past five years. In the year 1996-1997, 2497 new industrial
units with investment of Rs. 854.47 crore, were set up in
the State. But the number came down to 1187, with investment
of Rs. 622.41 crore, during the year 2001-2002. The average
growth rate of the secondary sector (comprising of manufacturing),
which was 11.78 % in the year 1998-1999, declined to 5.90
and 5.73 in the years 1999-2000 and 2000-2001, respectively.
This has also resulted in industrial sickness in the State.
As per data compiled by the Reserve Bank of India, out of
1,06,329 SSI units financed by the banks in Punjab, 6304
units, with investment of Rs. 233.57 crore, have gone sick
as on 31st March 2002. The Industrial Policy, therefore,
has to address itself to the two basic issues, i.e. to promote
investment and development in the growth areas of agro based
and knowledge based industries, and to rejuvenate and strengthen
existing industries, particularly the small and medium enterprises.
The objective of the policy is to
improve the overall economy of Punjab by generating more
jobs, as well as domestic and export revenues and ensuring
even spread of such benefits to one and all. It aims in
creation of high value Employment potential through Human
resource development in IT and related areas along with
the IT industry and business. Make Punjab a favoured industry
destination for attracting investment from outside the state
by facilitating the creation of world class infrastructure,
institutional framework and an enabling environment Provide
citizen-centered Governance, which is efficient, low cost
effective, transparent, friendly, affordable, convenient
and ensures full accountability of employees. The government
would empower Citizen through deployment of IT and e-governance.
The State of Punjab will be globally competitive in the
new Globalized, Privatized and Liberalized economy and Changing
business environment of the new millennium. It also aims
to turn the state into a smart & intelligent state and
a knowledge society through IT education and e-Governance
by promoting knowledge as the key resource for economic
progress of individuals & institutions.
Allotment
of plots shall be made by the Allotment Committee consisting
of the following:-
i) Director of Industries, Punjab Chairman.
ii) Managing Director/PSIEC.
iii) Managing Director/PSIDC
iv) Managing Director/PFC
v) Chairman/Member Secretary/PPCB
vi) Heads of the Sub-Groups
vii) Industrial Adviser-Cum-Additional Director of Industries.
After approval
of the committee, Letter of Intent (LOI) shall be issued
by the concerned agency in favour of applicant incorporating
therein among other conditions that the LOI holder will
be required to get project appraised regarding Techno Economic
feasibility from financial institution, scheduled commercial
banks or other public sector consultants and submit the
appraisal report to the developing agency within four months
of issue of LOI.
Notification
Textile Policy 2006 New
Textile Industry occupies a unique
position in India, being one of the earliest to come into
existence in the country. In Punjab also this Industry is
making significant contribution to the State’s economy
and to the national foreign exchange earnings. It adds about
19% to the total industrial production in the State and contributes
to nearly 38% of the total exports from Punjab. Textile is
the only Industry which is self-reliant and complete in value
addition i.e. from raw material to the highest value added
products - garments / made-ups. Therefore, the growth and
development of this Industry has a significant bearing on
the overall development of the economy.
Periphery
Policy New
The Chandigarh Periphery Controlled
area was created with the twin objectives of ensuring a planned
future expansion of the New Capital City and to prevent mushrooming
of unplanned construction around it. The Punjab New Capital
(Periphery) Control act, 1952 accordingly aimed at regulating
the use of land and preventing unauthorized and unplanned
urbanization in a 16 kilometre periphery.
Since then, planned satellite townships
of SAS Nagar (Mohali) and Panchkula have come up in the Periphery
in addition to a large cantonment. Further in 1990, the State
Government declared an area of 10,000 Acres near Dera Bassi,
falling within 23 villages of Patiala district, to be a Free
Enterprise Zone (FEZ), where the setting up of industries
was to be permitted.
Tourism
Policy 2003
To develop tourism as the major industry
of Punjab by providing leadership and organizational &
strategic direction, to improve the quality of the tourism
product, to develop places of tourist interest, to provide
necessary facilities for all categories of tourists and
pilgrims, to market Punjab Tourism Products internationally
and domestically so as to provide employment and for the
economic, environmental, social and cultural benefit of
our citizens.
Textile
Policy 2006 New
In pursuance of Clause 1.3 of "Industrial
Policy – 2003" which inter-alia provides for creation
of special thrust in the area where Punjab has an advantage
in terms of cost & competitiveness, the Governor of Punjab
is pleased to notify the Textile Policy 2006 as under to encourage
the Textile Industry in the State of Punjab:
Textile Industry occupies a unique position
in India, being one of the earliest to come into existence
in the country. In Punjab also this Industry is making significant
contribution to the State’s economy and to the national
foreign exchange earnings. It adds about 19% to the total
industrial production in the State and contributes to nearly
38% of the total exports from Punjab. Textile is the only
Industry which is self-reliant and complete in value addition
i.e. from raw material to the highest value added products
- garments / made-ups. Therefore, the growth and development
of this Industry has a significant bearing on the overall
development of the economy.
Water
Policy 2008 (Draft) New
Water is the most essential natural
resource for life, next to air, a basic human need, the
most important input for all development activities and
a precious State natural resource. Efforts need to be made
to develop, plan, conserve, utilize and manage this important
resource, both surface and ground water, in a judicious,
equitable sustainable and sound economic manner. This should
be guided by the State and national perspective, to support
the growth of State’s economy and well being of the
population in response to growing demand for drinking water,
agricultural production, industrial production and generation
of electricity.
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