IBEF Presentataion
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PUNJAB LAND OF FIVE RIVERS For updated information, please visit www.ibef.org February 2018 Table of Content Executive Summary .…………….….……….3 Advantage State ……..………………………4 Punjab Vision ……………………………… ..5 Punjab – An Introduction …….………..……6 Annual budget ..…………..……...…...…….17 . Infrastructure Status ...................................20 Business Opportunities ……..………..........40 Doing Business in Punjab ………….……...61 State Acts & Policies …….………...............62 EXECUTIVE SUMMARY Rising focus on . The state government of Punjab is increasing its focus on using renewable sources of energy. As of January 2018, 1,287.31 MW was contributed by the renewable energy sources (RES). The total investment potential renewable energy for renewable energy is expected to reach US$ 6 billion by 2022 with a target capacity of 5,400 MW. Punjab has emerged as a key hub for textile-based industries including yarn, readymade garments & hosiery. Textile hub With the development of apparel parks, favourable textile policies & other incentives for the creation of textile infrastructure, the state offers opportunities for investment. Best infrastructure . Punjab has been ranked 1st in India in terms of infrastructure facilities offered. Punjab’s road, rail & air facilities transport network, connectivity, construction of bridges & infrastructure facilities are among the best. Strong agriculture . Punjab has a strong agriculture base with the huge production of principal crops such as rice, maize, production sugarcane & barley. In 2016-17, production of sugarcane was estimated at 6,978 thousand metric tonnes. Source: Department of Agriculture, Government of Punjab, Central Electricity Authority, As per Punjab Investor Summit 2015 3 PUNJAB For updated information, please visit www.ibef.org ADVANTAGE PUNJAB Fertile and productive land Policy and fiscal incentives . The confluence of five rivers makes Punjab’s . The 'Industrial and Business Development Policy-2017 agricultural land rich and productive. Approximately has been approved to give a boost to economic activity 82% of the state’s land is under cultivation compared in the state while a new comprehensive excise policy is with the national average of 40%. expected in 2018. Punjab is one of the largest wheat and rice producers . Punjab offers industries with a wide range of fiscal and in India. It is also a leading exporter of rice, including policy incentives under the Industrial Policy 2013. the well known Basmati variety. In order to improve the current cropping pattern and restructure the incentives, the state government introduced Agriculture Policy for Punjab 2013. Advantage Punjab Strong infrastructure High economic growth . Punjab has a well developed social and industrial . The state’s GSDP grew at a compound annual growth infrastructure. Its transport network is one of the best in rate (CAGR) of 9.92% between 2011-12 and 2016-17. India, with easy access to key markets such as the Delhi-NCR region. The state provides investment opportunities in sectors such as textiles, agro-based industries, IT & ITeS, . Punjab has witnessed impressive growth in the number automotive and auto components, sports goods and of clusters and hubs, with the establishment of several light engineering goods. PPPs. Source: PPP: Public-Private Partnership, GSDP - Gross State Domestic Product 4 PUNJAB For updated information, please visit www.ibef.org PUNJAB VISION 2022 . Provide quality education to . Connect all major towns by all people, even in rural areas, developing four-lane and six-lane by building one school after highways. every 2 km. Establish Bus Rapid Transport . Aim to provide education with Systems (BRTS) in all major cities practical knowledge through in the state. workshops and industrial visits. Establish PHCs and specialty Transport Education . Encourage SMEs through adequate hospitals covering wider areas. financing and policy initiatives to . Establish medical and nursing increase employment. institutions to produce qualified Health . Set up an SEZ in each region and healthcare professionals. Industries develop backward and border areas. Vision 2022 . Computerise government . Check the diversion of Investment departments and adopt e- Environment agriculture/forest land for promotion governance to enhance the urbanisation and industrialisation. ease of doing business. Ensure that industries adopt eco- Agriculture . Attract investments from agro- Infrastructure friendly technologies and rainwater based and service sector harvesting. industries. Diversify into other crops after considering their global market . Adopt a mix of energy Sources for demand. power generation and at least one . Adopt technology in all areas of captive nuclear power plant. agriculture and encourage organic . Build international airports in each of the farming. regions of Majha, Malwa and Doaba. Source: Confederation of Indian Industry , SME: Small and Medium Enterprises, PHS: Primary Health Centres 5 PUNJAB For updated information, please visit www.ibef.org PUNJAB FACT FILE . The state has three major seasons – summer (April-June), rainy season (July-September) and winter (October-March). Due to the presence of large rivers, most of the state is a fertile plain. The state has three major rivers flowing through it: Ravi, Beas and Satluj. Parameters Punjab Capital Chandigarh Geographical area (lakh sq. km) 50,362 Administrative districts (No) 22 Population density (persons per sq. km) 550 Total population (million) 27.7 Male population (million) 14.6 Female population (million) 13.1 . The state is bordered by the Pakistani province of Punjab to its west, Jammu & Kashmir in the north, Himachal Pradesh in the northeast, Sex ratio (females per 1,000 males) 893 Haryana in the south and southeast, and Rajasthan in the southwest. Literacy rate (%) 76.7 . The most commonly spoken language of the state is Punjabi. Hindi and English are the other widely used languages. Amritsar, Ludhiana, Jalandhar, Bhatinda, Mohali, Pathankot and Patiala are some of the major cities in the state. Source: Government of Punjab, Census 2011 6 PUNJAB For updated information, please visit www.ibef.org PUNJAB IN FIGURES … (1/2) Parameter Punjab All states Source Economy 2016-17 2016-17 Directorate of Economics & Statistics of Punjab, GSDP as a percentage of all states’ GSDP 2.82 100.0 Central Statistics Office Directorate of Economics & Statistics of Punjab, GSDP growth rate (%) 9.28 9.94 Central Statistics Office Directorate of Economics & Statistics of Punjab, Per capita GSDP (US$) 2,226.07 1,788.95 Central Statistics Office Physical Infrastructure Installed power capacity (MW) 14,245.86 334,399.83 Central Electricity Authority, as of January 2018 Telecom Regulatory Authority of India, as of Wireless subscribers (No.) 38,067,316 1,167,435,645 December 2017 Telecom Regulatory Authority of India, as of Internet subscribers (No.) 16,530,000 429,233,552 September 2017 NHAI, Roads and Building Department-Government National highway length (km) 2,769 115,435 of India, as of June 2017 Airports (No.) 5 125 Airports Authority of India 7 PUNJAB For updated information, please visit www.ibef.org PUNJAB IN FIGURES … (2/2) Parameter Punjab All states Source Social Indicators Literacy rate (%) 76.7 73.0 Census, 2011 Birth rate (per 1,000 population) 14.9 20.4 SRS Bulletin, September 2017 Ease of Doing Business 1 Department of Industrial Policy & Promotion, April FDI equity inflows (US$ billion) 1.472 368.053 2000 to December 2017 Industrial Infrastructure DEA , Ministry of Finance, Government of India, PPP projects completed & operational (no) 130 9,071 February 2018 Ministry of Commerce & Industry, Department of Exporting SEZs (No) 3 222 Commerce, December 2017 Source: PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System, 1 Includes Chandigarh, Punjab, Himachal Pradesh and Haryana 8 PUNJAB For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – GSDP GSDP of Punjab at current prices (in US$ billion) GSDP per capita of Punjab at current prices (in US$) 70.0 CAGR 9.92% CAGR 8.50% 2,500 60.0 66.4 60.8 2,000 50.0 2,226 55.1 51.6 2,064 40.0 1,895 46.2 1,500 1,797 41.4 1,632 30.0 1,480 1,000 20.0 500 10.0 0.0 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 . In 2016-17, Punjab’s gross state domestic product (GSDP) was US$ . The state’s per capita GSDP at current prices was around US$ 66.4 billion at current prices, as against US$ 41.4 billion in 2011-12. 2,226 in 2016-17, up from 1,480 in 2011-12. The state’s GSDP grew at a compound annual growth rate (CAGR) . Punjab’s per capita GSDP witnessed growth at a CAGR of 8.50% of 9.92% between 2011-12 and 2016-17. between 2011-12 and 2016-17. Source: Directorate of Economics & Statistics of Punjab, Central Statistics Office 9 PUNJAB For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP NSDP of Punjab at current prices (in US$ billion) NSDP per capita of Punjab at current prices (in US$) CAGR 9.95% CAGR 8.52% 70 2,000 1,800 60 1,999 1,600 1,851 50 59.7 1,690 1,400 54.5 1,612 49.1 1,200 1,464 40 46.2 1,328 41.5 1,000 30 37.1 800 20 600 400 10 200 0 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 . Punjab’s net state domestic product (NSDP) at current prices was . Punjab’s per capita NSDP at current prices was US$ 1,999 in 2016- US$ 59.7 billion in 2016-17 as against US$ 37.1 billion in 2011-12. 17, which stood at US$ 1,328 in 2011-12. Between 2011-12 and 2016-17, NSDP increased at a CAGR of . The state’s per capita NSDP witnessed growth at a CAGR of 8.52% 9.95%. between 2011-12 and 2016-17.