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

Top Reasons to Invest

RIGHT MIX FOR BUSINESS


ROBUST INFRASTRUCTURE FOR INDUSTRY

Punjab’s existing infrastructure is amongst the best in India. The State along with private participants have continuously made investments to enhance connectivity, communication networks, and develop the urban infrastructure in the State. These include development of new power plants which ensured that Punjab has surplus and affordable power. The State has made large investments in improving connectivity and has one of the highest road densities in India. Punjab also plans to develop all its 147 cities by providing 24×7 availability of affordable power, complete coverage for sewerage and improving roads in all cities.

For further information please refer to the tab on Infrastructure and Renewable Energy.

ABUNDANT SKILLED TALENT READY FOR INDUSTRY

Punjab has an abundant supply of skilled human capital with expertise across varied sectors and functions. The State has 102 engineering colleges, 193 polytechnics and 369 ITI’s which impart relevant education and training across industries.

For further information please refer to the tab on Building a Deep Skill Base

ATTRACTIVE PACKAGE OF FISCAL INCENTIVES FOR INDUSTRIAL PROMOTION, 2013

The Government of Punjab has introduced a package to incentivize setting up of new units in the State. This package provides attractive benefits on VAT, CST, Stamp Duty, Electricity Duty and Property Tax amongst other benefits. The State has taken a landmark step by permitting retention of VAT and CST by industries. The package also provides exemptions from regulatory checks to certain classes of industries.

The new package of fiscal incentives aims to drive growth by providing companies with an opportunity to partially or fully recover their fixed capital investments through retention of VAT and CST.

MAKING PUNJAB AN EASY PLACE TO DO BUSINESS

The Government of Punjab has taken steps to ensure efficiency of its processes and to remove hurdles faced by investors. The State has set up Punjab Bureau of Investment Promotion (PBIP) which acts as a single point of contact for the investors. PBIP facilitates all essential regulatory approvals required by investors. PBIP will also provide a relationship officer to an investor who will act as a single point of contact.

SUPERIOR QUALITY OF LIFE AND A GREAT PLACE TO LIVE IN

The State is amongst the best in educational, health and recreational facilities in the country. The quality of life in Mohali and Chandigarh is comparable to that in some of the leading global cities. The Government of Punjab has taken initiatives to provide quality services to its citizens through a time bound and cost effective process. The State enjoys a low crime rate and high social stability.

COMPETITIVE COSTS

Punjab offers a cost advantage of 20 – 30% compared to cities such as Mumbai, Bangalore, Chennai, Delhi (NCR) and Pune where companies are experiencing rising costs due to high wage inflation and higher operational and real estate costs.

ATTRACTIVE MARKET AND GATEWAY TO NEW AVENUES

In 2012, Punjab recorded 28% higher income per capita than the Indian average. The State has a large propensity to consume and is in close proximity to other large markets which makes it an attractive destination for companies as well as for production. The opening of trade with Pakistan would also provide access to new and untapped international markets in Pakistan and Central Asia.

WELL ESTABLISHED ECOSYSTEM

Punjab has a well defined ecosystem which aid the growth of the industry key sectors such as Agro and Food Processing, Textiles and Light Engineering. Leading producer of many food and cash crops such as cotton, sugarcane, barley, wheat, yarn etc and home to high quality educational & research facilities which aid the growth of industry.

 

Last Updated Date: 30-Apr-2017

Attractive Fiscal Incentive for Industrial Promotion (R) – 2013

The Government of Punjab has introduced a package (FIIP – 2013 [R]) to incentivize new investment in the State. This package provides attractive benefits on VAT, CST, Stamp Duty, Electricity Duty and Property Tax amongst other benefits. The State has taken a landmark step by permitting retention of VAT and CST by industries. The package also provides exemptions from regulatory checks to certain classes of industries.


Fiscal Incentive for Industrial Promotion (R) – 2013

The new package of fiscal incentives aims to drive growth by providing companies with an opportunity to partially or fully recover their fixed capital investments through retention of VAT and CST.

Empanelled Agencies for DPR Appraisal

S. No. Name Contact Person Email Contact Number Downloads
1. PSU’s
a. Punjab StateIndustries Development Corporation Shri Jagatjit Singh,
Executive Director
psidc@rediffmail.com,
psdcltd@yahoo.co.in
9855945549,
0172-2709558
b. Punjab Financial Corporation Shri Prabhat Garg,
Manager
prabhatgarg@yahoo.co.in 8559053556
c. Punjab Agro Industries Corporation Shri Rajnish Tuli,
Deputy General Manager
agro.rtuli@yahoo.com 9592009121
2. Agencies
a. Ernest and Young LLP Mr. Adil Zaidi,
Partner


b. Resurgent India Limited Mr. Sudhir Chandi,
SVP


3. Agencies(Above Rs. 10 Cr.)
a. List of CA firms

Empanelled Agencies for FCI Fixation

S. No. Name Contact Person Email Contact Number Downloads
1. For FCI upto Rs. 10 Cr.
a. List of CA Firms

2. For FCI upto Rs. 10 Cr. to Rs. 100 Cr.
a. Datta Singla & Compay Mr. Yogesh Monga DCITR@gmail.com 9888003302,
0172-5028551,5019550


3. For FCI more than Rs. 100 Cr.
a. BSR & Co. LLP Mr. Gaurav Mahajan gmahajan@bsraffliates.com 9810548025

Last Updated Date: 15-Sep-2017