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Enterprise and endeavor, these two words symbolize
the essential spirit of the people of Punjab. Since Independence, over 5 decades, the state has earned its epithet:
"of Granary India" through the enterprising spirit, and untiring
toil of its people.
Its average growth rate of 10%
is amongst the highest in the country, clearly reflecting the
progressive economy of the state .Punjab also boasts a 58% literacy rate
and the highest percapita income in India. Today's Punjab has become a
land of boundless opportunities, offering distinct advantages for
investment and industry.
Since the recent liberalization
of India's economy, Punjab has started making its mark on the global
business mainstream, with major players from around the world forming
joint ventures in the field of agri-business.
Privileged by nature and the dynamism of its
people, Punjab is a land of rivers, fertile soils and steady
achievement. With its inimitable style of transforming every potential
opportunity into a success story, the state was the first to translate
agricultural technology into the "green revolution",
recording highest growth rate in food production. From a minor producer
it emerged a major rice surplus state. Providing the impetus for the
"White revolution", during Operation Flood, it was Punjab that
recorded the highest per capita availability of milk.
Today's Punjab has over 1.97
lakhs of small and medium industries and about 653 large scale
industries. It leads in the manufacture of machine and hand tools;
printing and paper cutting machinery; auto parts and electrical switch
gear. The state also provides more than 75% of the country's requirement
for bicycles, sewing machines, hosiery and sports goods. At par with the
highest quality standards in the world, these products have carved a
niche for themselves in markets across the globe.
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