PUNJAB LAND OF FIVE RIVERS
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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……………...55 State Acts and Policies……………….....62
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EXECUTIVE SUMMARY
• The state government of Punjab is continuously focusing on the usage of renewable Rising focus on sources of energy. As of October 2015, 503.42 MW was contributed by the renewable energy as compared to a contribution of 493.42 MW in June 2015. As per Punjab Investor renewable energy Summit 2015, the total investment potential 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 and hosiery. With the development of apparel parks, favourable textile policies Textile hub and other incentives for the creation of textile infrastructure, the state offers opportunities for investment.
• Punjab has been ranked first in India in terms of infrastructure facilities offered. Punjab’s Best infrastructure road, rail and air transport network, connectivity, construction of bridges and infrastructure facilities facilities are among the best.
• Punjab has strong agriculture base with the huge production of principal crops such as Strong agriculture rice, maize, sugarcane and barley. In 2014-15, the production of sugarcane was 7,200 production thousand metric tonnes, which is estimated to be around 8,640 thousand metric tonnes during 2015-16.
Source: Department of Agriculture, Government of Punjab, TechSci Research, Central Electricity Authority
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ADVANTAGE PUNJAB
Policy and fiscal incentives Fertile andGrowing productive demand land • In October 2015, the Government of Punjab • The confluence of five rivers makes Punjab’s announced plans to draft a Make in India policy agricultural land rich and productive. Approximately 82 for the growth of the industrial sector. per cent of the state’s land is under cultivation • Punjab offers industries with a wide range of compared with the national average of 40 per cent. fiscal and policy incentives under the Industrial • Punjab is one of the largest wheat and rice producers in Policy 2013. India. It is also a leading exporter of rice, including 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 High economic Strong infrastructure
growth • Punjab has a well developed social and industrial infrastructure. Its transport network is one of the best in • The state’s GSDP increased at a compound annual India, with easy access to key markets such as the growth rate (CAGR) of 10.38 per cent between 2004- Delhi-NCR region. Punjab has witnessed impressive 05 and 2014-15. growth in the number of clusters and hubs, with the • The state provides investment opportunities in sectors establishment of several PPPs. such as textiles, agro-based industries, IT & ITeS, • In the 2015-16 budget, the Government of Punjab automotive and auto components, sports goods and announced plans to invest US$ 1,258.46 million to light engineering goods. provide water supply to all the urban local bodies in the state.
PPP: Public-Private Partnership, GSDP - Gross State Domestic Product
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PUNJAB VISION 2022
• Connect all major towns by • Provide quality education to all developing four-lane and six- people, even in rural areas, by lane highways. building one school after every 2 km. • Establish Bus Rapid • Aim to provide education with Transport Systems (BRTS) in practical knowledge through all major cities in the state. workshops and industrial visits.
• Establish PHCs and specialty • Encourage SMEs through hospitals covering wider adequate financing and policy areas. Transport Education initiatives to increase • Establish medical and nursing employment. institutions to produce • Set up an SEZ in each region qualified healthcare Health Industries and develop backward and professionals. Vision border areas. 2022 Investment • Check the diversion of • Computerise government Environment departments and adopt e- promotion agriculture/forest land for governance to enhance the urbanisation and ease of doing business. industrialisation. Agriculture Infrastructure • Attract investments from agro- • Ensure that industries adopt based and service sector eco-friendly technologies and industries. rainwater harvesting.
• Diversify into other crops after considering their global market • Adopt a mix of energy sources demand. for power generation and at least • Adopt technology in all areas of one captive nuclear power plant. agriculture and encourage • Build international airports in organic farming. each of the regions of Majha, Malwa and Doaba. Source: Confederation of Indian Industry SME: Small and Medium Enterprises, PHS: Primary Health Centres NOVEMBER 2015 For updated information, please visit www.ibef.org 5 PUNJAB LAND OF FIVE RIVERS
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 (sq km) 50,362 Administrative districts (No) 22 Population density (persons per sq km) 551 Total population (million) 27.7 The state is bordered by the Pakistani province of Punjab to Male population (million) 14.6 its west, Jammu & Kashmir in the north, Himachal Pradesh Female population (million) 13.1 in the northeast, Haryana in the south and southeast, and Rajasthan in the southwest. Sex ratio (females per 1,000 males) 893
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 Source: Government of Punjab, and Patiala are some of the major cities in the state. Census 2011
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PUNJAB IN FIGURES … (1/2)
Parameter Punjab All states Source
Economy 2014-15 2014-15
Directorate of Economics & Statistics of Punjab, GSDP as a percentage of all states’ GSDP 2.8 100.0 Central Statistics Office, TechSci Research
Directorate of Economics & Statistics of Punjab, GSDP growth rate (%) 10.26 7.3 Central Statistics Office, TechSci Research
Directorate of Economics & Statistics of Punjab, Per capita GSDP (US$) 1,867 1,389.61 Central Statistics Office, TechSci Research
Physical Infrastructure
Installed power capacity (MW) 11,255.44 282,023.39 Central Electricity Authority, as of November 2015
Telecom Regulatory Authority of India, as of October Wireless subscribers (No) 30,818,748 1,003,487,792 2015 Telecom Regulatory Authority of India, as of June Internet subscribers (No) 12,680,000 319,420,000 2015 NHAI & Road & Building Department, Government of National Highway length (km) 2,239.15 96,214 India
Airports (No) 5 125 Airports Authority of India
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PUNJAB IN FIGURES … (2/2)
Parameter Punjab All states Source
Social Indicators
Literacy rate (%) 76.7 73.0 Census 2011
Birth rate (per 1,000 population) 15.7 21.6 SRS Bulletin Ease of Doing Business
Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 1.351 265.14 April 2000 to September 2015
Outstanding investments (US$ billion) 33.17 165.89 ASSOCHAM INDIA
Industrial Infrastructure
PPP projects completed & operational (no) 37 1,382 DEA, Ministry of Finance, Government of India Ministry of Commerce & Industry, Department Operational SEZs (No) 2 199 of Commerce
PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System, 1Includes Chandigarh, Punjab, Himachal Pradesh and Haryana
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ECONOMIC SNAPSHOT – GSDP
Punjab’s gross state domestic product (GSDP) was US$ GSDP of Punjab at current prices (in US$ billion) 58.03 billion at current prices in 2014-15 as against US$ 21.6 billion in 2004-05.
CAGR 54.7 58.0 The state’s GSDP increased at a compound annual growth 10.38% 49.6 52.5 52.6 41.6 rate (CAGR) of10.39 per cent between 2004-05 and 2014- 37.8 37.7 15. 28.2
21.6 24.6
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Source: Directorate of Economics & Statistics of Punjab, Central Statistics Office
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ECONOMIC SNAPSHOT – NSDP
NSDP of Punjab at current prices (in US$ billion) Punjab’s net state domestic product (NSDP) at current prices was US$ 51.06 billion in 2014-15 as against US$ 19.2 billion in 2004-05. CAGR 10.28% Between 2004-05 and 2014-15, NSDP increased at a 48.5 51.06 CAGR of 10.28 per cent. 44.3 46.4 46.6 37.2 33.7 33.6 25 19.2 21.7
Source: Directorate of Economics & Statistics of Punjab, Central Statistics Office
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ECONOMIC SNAPSHOT – PER CAPITA GSDP
The state’s per capita GSDP at current prices was US$ GSDP per capita of Punjab at current prices 1,867.0 in 2014-15, up from US$ 830.7 in 2004-05. (in US$)
Punjab’s per capita GSDP expanded at a CAGR of 8.43 per CAGR 1849 1867 cent between 2004-05 and 2014-15. 8.43% 1708 1762 1733 1376 1348 1461 1044
831 929
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Source: Directorate of Economics & Statistics of Punjab, Central Statistics Office
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ECONOMIC SNAPSHOT – PER CAPITA NSDP
Punjab’s per capita NSDP at current prices was US$ 1,646 NSDP per capita of Punjab at current prices in 2014-15 compared with US$ 738.7 in 2004-05. (in US$)
The state’s per capita NSDP grew at a CAGR of 8.34 per cent between 2004-05 and 2014–15. CAGR 8.34% 1640 1646 1525 1556 1537 1303 1226 1199 928 739 820
Source: Directorate of Economics & Statistics of Punjab, Central Statistics Office
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ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSDP
With a CAGR of 12.0 per cent, the tertiary sector has been GSDP composition by sector the fastest growing among the three sectors – primary, secondary and tertiary – from 2004-05 to 2014-15 and is CAGR also the largest contributor to Punjab’s economy, contributing 49.75 per cent to the state’s GSDP. The growth 42.60 12.0% was driven by trade, hotels, real estate, finance, insurance, 49.75 communications, transport and other services.
The secondary sector rose at a CAGR of 9.8 per cent 24.80 9.8% 23.57 between 2004-05 and 2014-15, driven by increasing manufacturing, construction and electricity as well as improved gas and water supply. 32.60 8.1% 26.68
The primary sector witnessed a CAGR of 8.1 per cent 2004-05 2014-15 between 2004-05 and 2014-15. Primary Secondary Tertiary
Source: Directorate of Economics & Statistics of Punjab, Central Statistics Office
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ECONOMIC SNAPSHOT – AGRICULTURAL PRODUCTION
Punjab covers only 1.5 per cent of India’s 2014-15 Targets 2015-16 geographical area and is considered to be the Crop (‘000 metric (‘000 metric largest producer of different agricultural tonnes) tonnes) commodities in the country. Rice 11,280 10,620 Punjab’s fruit production was 1.74 million tonnes in Maize 636 780 2014-15. Apples accounted for a majority of the share in the overall fruit production in the state. Bajra 3.0 5.0
During 2014-15, total vegetable production in the Groundnuts 5.0 5.0 state was 4.06 million tonnes. Sesamum 2.0 4.0
Wheat is the major crop produced by the state, Sugarcane 7,200 8,640 covering almost half of the cropped area. In 2014- 15, wheat production stood at 16.56 million metric Cotton 1,654 1,852 tonnes. Wheat 16,569 17,100 During 2014-15, Punjab accounted for 40.6 per Barley 72.0 62 cent share of wheat and 26.1 per cent share of rice procured by the Indian government for food Oilseeds 62 105 security. Pulses 11.8 48
Source: Department of Agriculture, Government of Punjab
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ECONOMIC SNAPSHOT – FDI INFLOWS AND INVESTMENTS
According to the Department of Industrial FDI equity inflows1, 2009-10 to 2014-15 (US$ million) Policy & Promotion (DIPP), cumulative FDI inflows1 from April 2000 to September 2015 amounted to US$ 1,354 million. 416
In 2014-15, the outstanding investments 224 130 stood at US$ 33.17 billion. The services 91 sector maintained the highest share of 47 39 23 outstanding investments, accounting for
about 39 per cent. It was followed by the 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16⁽²⁾ electricity sector with a share of about 31 per cent and construction & real estate Source: Department of Industrial Policy & Promotion (DIPP), 1Includes Chandigarh, with about 23 per cent. Punjab, Himachal Pradesh and Haryana 2From April 2015-September 2015 Gurdaspur-Rupnagar is emerged as a dominant region in Punjab in terms of Break-up of outstanding investments by sector (2014-15) outstanding investment with 33 per cent 1% share. Amritsar-Patiala is the second most 6% Service attractive region in Punjab with 27 per cent share. Firozpur-Sangrur is recognized as 23% 39% Electricity third most lucrative region with 20 per cent Construction & real share in overall outstanding investment in estate 2014-15. Manufacturing
31% Irrigation
Source: Assocham India
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ECONOMIC SNAPSHOT– EXPORT TRENDS
Readymade garments & hosiery and yarn & textiles account Exports from Punjab (US$ billion) for a majority of the share in the overall exports of the state. 8.94 Rice and sports goods are the other major products that 7.09 account for a significant share in Punjab’s export basket. 6.5 Rice accounts for 11.5 per cent share in the overall exports 6.03 of the state. 4.26 2.73 Exports of pharmaceutical goods from the state accounted for 5.09 per cent share in total exports in 2014-15.
The manufacturing exports from the state of Punjab 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 accounted for 75 per cent of the total exports of the state with an overall exports value of US$ 4.52 billion. In addition, Source: Department of Industries and Commerce, Government of Punjab the engineering sector contributed 15 per cent to the total export value during 2014-15. Funds received from Indian government for ASIDE Scheme (US$ million) In the Annual Plan 2015-16, a new scheme of Assistance to 2.65 States for Infrastructure Development for Exports (ASIDE) 2.37 2.37 was announced. The scheme aimed at including the states 2.2 2.11 2.11 and UTs in the exports effort by providing them with the required assistance to create enhanced and appropriate infrastructure for the growth of exports.
The nodal agency for fulfilling the purpose of the ASIDE scheme in the state will be Punjab State Import & Export Corporation. 2008-09 2009-10 2010-11 2012-13 2013-14 2014-15
Source: Annual Plan 2015-16 NOVEMBER 2015 For updated information, please visit www.ibef.org 16 PUNJAB LAND OF FIVE RIVERS
ANNUAL BUDGET 2015-16…(1/2)
Total expenditure for Budget 2015-16 is proposed to be US$ 10.25 billion, which was US$ 9.36 billion in 2014-15.
Proposed budget Proposed budget Sector Sector (In US$ million) (In US$ million) Agriculture 582.61 Roads and bridges 334.77 Soil and water conservation 30.03 Transport 135.70 Animal husbandry 74.82 Civil aviation 2.16 Food and civil supplies 66.36 Education 1,379.89 Rural development 38.65 Social security 310.88 Water supply and sanitation 57.23 Welfare of SC's & BC's and minorities 194.59 Urban development 1,258.46 Sports 4.31 Irrigation 166.72 Justice laws & order 935.30 Power 909.75 Defense service welfare 7.06
Source: Finance Department, Government of Punjab
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ANNUAL BUDGET 2015-16…(2/2)
During 2015-16, various new initiatives are planned by the The new schemes announced in the Budget 2015-16 Government of Punjab to encourage local art forms and under urban development include: enrich the cultural heritage of the state. In order to fulfil Mission for Development of 100 Smart Cities; their commitment of bringing the ‘Government at the Urban Rejuvenation Mission-500 Habitations; Doorstep’, 2,174 Unified Service Centres (Sewa Kendras) Sardar Patel Urban Housing Scheme. would be set up in urban and rural areas of the state to provide citizens with over 50 services at their doorsteps. In In order to reinforce the sports infrastructure in Punjab, order to achieve this purpose, an amount of US$ 82.95 the finance minister of Punjab announced construction million would be allocated by the government. of various multipurpose stadiums in all district headquarters of the state with an investment of US$ The important schemes under the state’s irrigation sector 53.09 million. In addition, construction of a hockey included: stadium in Ferozepur for an investment of US$ 1.71 Allocation of US$ 22.23 million and US$ 16.59 million is also proposed in the state’s annual budget. million for relining of Rajasthan feeder and Sirhind feeder projects, respectively. These projects are slated for completion during 2015-19. US$ 31.52 million was allocated for flood protection and anti-water logging measures.
In March 2015, the Government of Punjab also announced plans to accomplish affordable housing for citizens in urban region, under which 50,000 houses would be constructed within the next two years for EWS in alliance with HUDCO.
Source: Punjab Budget 2015-16
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Annual Plan (AP) 2015-16
Approved outlay- sector wise (in US$ million) As per the Annual Plan 2015-16, the total approved outlay for the state is estimated to be US$ 3.51 billion.
Sector Approved outlay Out of the total approved outlay for the state, 40.47 per cent is for social services sector and 17.98 per cent is for the energy sector. Agriculture and allied services 285.9 An outlay of US$ 7.45 million has been estimated for the Rural development 233.06 growth of science, technology and environmental sector in the state during 2015-16. Irrigation & flood control 166.77
Energy 631.59 Approved outlay (in US$ billion)
Industries & minerals 26.71 3.51
Transport 503.49
Science, technology environment 7.45 3.33
General economic services 206.8
Social services 1421.46 2014-15 2015-16
General services 29.37 Source: Annual Plan 2015-16
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PHYSICAL INFRASTRUCTURE – ROADS
Punjab is well connected to its four neighbouring states and the rest of India through 15 national highways (NH) which are 1, 1A, 10, 15, 20, 21, 22, 64, 70, 71, 72, 95, 103 A New, 503 Ext. New , 703 New 703A New & 754 New.
In the 2015-16 budget, the state government proposed to invest US$ 334.77 million for the development of road infrastructure in the state. Along with this investment, an amount of US$ 497.67 million has been proposed by the government for the improvement of national highways.
Major scheme wise allocations for the year 2015-16 US$ 116.12 million for strengthening of rural roads US$ 16.59 million for strengthening of 150 km of roads under Source: Maps of India Punjab State Road Sector project US$ 16.59 million under NABARD Assisted Projects for widening of Road type Road length (km) roads and construction of bridges
Total Road Network 64,037 US$ 24.88 million for special repair of plan roads US$ 10.95 million for high level bridges National highways 2,239.15 US$ 11.61 million for Centre Road Fund for upgradation of existing State highways 1,503 road infrastructure US$ 10.62 million for ROBs/RUBs. Rural roads 58,688 US$ 50.1 million under Pradhan Mantri Gram Sadak Yojna.
Source: Ministry of Road Transport & Highways Source: State Budget 2015-16 NOVEMBER 2015 For updated information, please visit www.ibef.org 20 PUNJAB LAND OF FIVE RIVERS
PHYSICAL INFRASTRUCTURE – RAILWAYS
The railways play a major role in the state, connecting major industrial units in the oil refining, cement, fertiliser, thermal power and manufacturing sectors to suppliers and markets.
Punjab’s railway network spans across 2,126 km and is considered to be more than two times that of the country’s average rail density. It falls under the jurisdiction of Northern Railways that spreads across Punjab, Jammu & Kashmir, Haryana, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Delhi and Chandigarh.
The main inter-state railway routes are Amritsar-Ambala- Delhi, Sri Ganganagar-Ambala-Delhi, Ferozpur-Ludhiana- Ambala, Pathankot-Roopnagar-Fatehgarh Sahib and Sri Ganganagar-Bhatinda-Narwana.
In March 2015, the state government of Punjab announced plans to establish a joint venture with Indian Railways. The purpose behind this joint venture is to enhance the planned rail projects in the state as well as to take up new projects, including setting up of ultra modern railway stations and placing new railway tracks. Source: Maps of India
Source: Punjab Bureau of Investment Promotion
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PHYSICAL INFRASTRUCTURE – AIRPORTS…(1/2)
Punjab has three domestic airports in Chandigarh Bhatinda, Ludhiana and Pathankot and two international airports in Amritsar and SAS Nagar (Mohali).
International flights operate from the “Sri Guru Ram Dass Jee International Airport” at Amritsar.
In the Budget 2015-16, a sum of US$ 2.16 million is allocated for the enhancement of various air terminals and aerodrome extensions. The status of the “Chandigarh International Civil Air Terminal” in Mohali was also announced in the budget, according to which construction of the first phase of the terminal has been completed and would be operational in the near future.
The government announced approval of commencement of two civil commercial flights from Bhatinda’s Indian “Airforce Station Bhisiana”.
International airport
Domestic airport
Source: Airport Authority of India, State Budget 2015-16
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PHYSICAL INFRASTRUCTURE – AIRPORTS…(2/2)
Aircraft movement (nos.) During 2014-15, the Amritsar airport handled 859 tonnes of freight while the 10,968 9,960 10,054 Chandigarh airport handled 5,065 tonnes 9,071 9,208 9,167 9,690 9,410 of freight. During April 2015 and 8,545 7,831 7,759 September 2015, the freight volume 7,025 5,685 handled at these airports stood at 432 4,682 tonnes and 2,508 tonnes, respectively.
In September, 2015, a new terminal at the Chandigarh airport was inaugurated for handling domestic as well as international 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16⁽¹⁾ flights. The new terminal is built to cater to Amritsar Chandigarh 1,600 travellers and has an apron capacity of eight aircrafts (including cargo aircrafts). Passenger traffic (million) 1.21 1.05 1.08 0.90 1.03 0.89 0.88 0.77 0.80 0.79 0.70 0.65 0.55 0.47
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16⁽¹⁾ Source: Airports Authority of India 1April 2015-September 2015 Amritsar Chandigarh
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PHYSICAL INFRASTRUCTURE – POWER … (1/3)
As of November 2015, Punjab had total installed power Installed power capacity (MW) generation capacity of 11,255.44 MW. It consisted of 11,255 5,013.03 MW under state utilities, 2,047.74 MW under central utilities and 4,194.67 MW under the private sector. 8,354 7,019 7,056 7,509 Of the total installed capacity, 7,393.80 MW was contributed by thermal power, 3,145.13 MW by hydropower, 508.47 MW by renewable power and nuclear power contributed 208.04 MW to the total capacity.
The Punjab Energy Development Agency (PEDA) is the 2010-11 2011-12 2012-13 2013-14 2014-15⁽¹⁾ nodal organisation for renewable energy development in the Source: Central Electricity Authority, 1As of November 2015 state.. Break-up of installed capacity by source of power The total electricity consumption in Punjab during 2014-15 generation (2014-15) was 39,755 MKWH. The state government of Punjab has 2% announced plans to install two thermal power plants with 4% 660 MW capacity each in the state. Both plants are expected to be operational by the end of 2015. Thermal Power 28% Hydropower Renewable Power 66% Nuclear Power
Source: Central Electricity Authority
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PHYSICAL INFRASTRUCTURE – POWER … (2/3)
The state government of Punjab is continuously focusing on the usage of renewable sources of energy. Contribution of renewable energy to the total installed capacity increased from 493.42 MW in June 2015 to 503.42 MW in October 2015. Total investment potential for a target renewable energy generation capacity of 5,400 MW is projected to be US$ 6 billion by 2022.
Renewable source of energy Target capacity in 2022 (in MW)
Solar power 4,200
Biomass power (JPP) 300
Co-generation power 680
Micro hydel 200
Urban and industrial solid waste 20
The state government aims to achieve a target of 4,200 MW capacity additions in solar energy by 2022. Various solar projects to be undertaken by the Government of Punjab include: Ground mounted solar projects: Over the last two years, the capacity for these projects grew to 218 MW. Commissioning of 332 MW projects would be undertaken by 2016. In addition, 50,000 solar street lights would be installed within the next two years. Canal based solar projects: The state government has planned to manufacture 20 MW grid connected plants on canal tops. Setting up of roof top solar projects
Source: Punjab Bureau of Investment Promotion NOVEMBER 2015 For updated information, please visit www.ibef.org 25 PUNJAB LAND OF FIVE RIVERS
PHYSICAL INFRASTRUCTURE – POWER … (3/3)
The Government of Punjab proposed plans of achieving 300 MW of power generation using biomass by 2022. In addition, the state government is also planning to set up biogas CNG projects in all districts of the state.
In the 2015-16 budget, the state government of Punjab has proposed to invest US$ 909.75 million for the improvement of power infrastructure in the state. Out of the overall allocated budget for power infrastructure, US$ 159.25 million has been sanctioned for power transmission, whereas US$ 172.52 million is for power generation and US$ 290.31 million has been sanctioned for power distribution. The allocated budget for power distribution also included US$ 157.6 million to be used for the Re-structured Accelerated Power Development Reforms Programme.
Two important units of Rajpura Thermal Power Plant (700 MW) were commissioned by the state government in 2014. US$ 8.29 million was allocated by the finance minister of Punjab to provide 24 hour urban pattern power supply to the left out dhanis in the state.
Source: State Budget 2015-16 NOVEMBER 2015 For updated information, please visit www.ibef.org 26 PUNJAB LAND OF FIVE RIVERS
PHYSICAL INFRASTRUCTURE – TELECOM
According to the Telecom Regulatory Authority of India (TRAI), Punjab telecom circle had 30.81 million wireless subscribers and 1.07 million wire-line subscribers, as of Telecom infrastructure- October 2015 October 2015. Wireless subscribers 30,818,748 Wire-line subscribers 1,075,237 The tele-density in the state was 104.22 per cent, which is 1 significantly higher than the national average of 78.73 per Internet subscribers 12,680,000 cent, as of August 2015. 2 Post offices 3,855 2 As of May 2015, the state had 1,490 telephone exchanges. Telephone exchanges 1,490
The state had 3,855 post offices as of May 2015. The number of telephones in the state as of March, 2015 was 1.1 million. During the same period, the number of mobile telephones in the state was 30.61 million. Major telecom operators in Punjab Bharat Sanchar Nigam Limited (BSNL) Performance Status of NOFN project (As of Feb, 2015) Bharti Airtel Total GPS 12,949 Idea Cellular GPS in Phase 1 6,034 Vodafone Essar Reliance Communications Pipe laid (km) 645 Tata Teleservices Cable laid (km) 399 Aircel Limited GPS for which cable laid 234 Source: Telecom Regulatory Authority of India, India Post, Department of Telecommunications, 1As of June 2015, 2As of May 2015 NOVEMBER 2015 For updated information, please visit www.ibef.org 27 PUNJAB LAND OF FIVE RIVERS
DEVELOPMENT PROJECTS: URBAN INFRASTRUCTURE
As of 2014-15, Punjab ranked 8th among the urbanised states in India, with 37 per cent urbanisation rate. Chandigarh – The original planned city
In the 2015-16 budget, the state government announced • Chandigarh, the joint capital city of Haryana and plans to invest US$ 1,258.46 million to provide water Punjab, was developed as a planned city. It is also a supply, sewerage and sewage treatment plants in all the union territory. urban local bodies in the state. • Today, it has expanded in terms of industry as well as population. Under the Urban Infrastructure and Governance (UIG) programme, five additional projects have been sanctioned • Chandigarh still remains a model for many other and are in the transition phase. Some of the key areas of Indian cities in terms of civic amenities. development are roads and flyovers, water supply, sewerage and solid-waste management. • It has one of the best electricity distribution systems in India. The Union Ministry of Power selected it as one of the few model distribution centres in the In the 2015-16 budget, the state government of Punjab country. announced plans to invest US$ 6.63 million for the 19 border blocks of six districts for upgrading infrastructure • The Municipal Corporation of Chandigarh is related to education, health, agriculture and social responsible for its urban infrastructure facilities infrastructure. including water supply, sewerage, roads, slum development, fire service, environment, city As of August 2015, with an investment of US$ 1,036.66 beautification and house tax. million, about 37 PPP projects were approved in the state.
Source: JNNURM; Ministry of Urban Development, Government of India; Department of Planning, Government of Punjab
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DEVELOPMENT PROJECTS: KEY PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS
Total project cost Project name Sector Stage (US$ million)
5 Star hotel near Thermal Lake, Bhatinda Tourism 33.2 Under construction Ambala-Zirakpur Road Roads and bridges 49.4 Operation Electricity generation Biomass Power Project, Patiala 9.1 Under construction (grid) Development of Bhawanigarh-Nabha-Gobindgarh Road Project Roads and bridges 11.7 Under construction Development of Bus Terminal cum Commercial Complex at Mohali Urban public transport 33.2 Under construction Development of Bus Terminal cum Commercial Complex at Patiala Urban public transport 29.0 Under construction Development of Five Star Hotel at Bathinda Tourism 12.4 Others Development of Hoshiarpur - Phagwara Road Project Road Phase Roads and bridges 5.4 5.31 Under construction 2 Tranche III Common infrastructure for Development of land at Nabha House 16.6 Under construction industrial parks, SEZ
Development of Modern Bus Terminal at Amritsar Urban public transport 3.6 Operation
Development of Sirhind-Morinda-Ropar Phase 2 Tranche III Project Roads and bridges 11.65 Under construction
Roads and bridges High Level Bridge (Makhu) 9.95 Under Construction
Source: Department of Economic Affairs, Government of India NOVEMBER 2015 For updated information, please visit www.ibef.org 29 PUNJAB LAND OF FIVE RIVERS
DEVELOPMENT PROJECTS: SEZs
Operational SEZ
Name/Developer Area Primary industry
Ranbaxy Laboratories Ltd. Mohali Pharmaceuticals
Quarkcity India Pvt. Ltd. Mohali IT/ITeS
Formal approved SEZ
Electronic hardware and software Lark Projects Private Limited Mohali, Punjab including ITeS
Sukhm Infrastructure Pvt Ltd. Mohali IT
Quarkcity India Pvt. Ltd. Mohali, Punjab IT
Ranbaxy Laboratories Ltd. Mohali, Punjab Pharmaceuticals
Notified SEZ
Quarkcity India Pvt. Ltd. Mohali, Punjab IT
Ranbaxy Laboratories Ltd. Mohali, Punjab Pharmaceuticals
Source: Ministry of Commerce & Industry
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SOCIAL INFRASTRUCTURE – EDUCATION … (1/3)
Punjab has a literacy rate of 76.7 per cent; male literacy Category Literacy rate (%) rate is 81.5 per cent and female literacy rate is 71.3 per cent. At 84.6 per cent, Hoshiarpur district has the highest Overall 76.7 literacy rate in Punjab. Male 81.5 Female 71.3 Literacy rate in Punjab’s urban areas is 83.2 per cent and in rural areas is 71.4 per cent (based on the 2011 Census). Higher education infrastructure (As of September 2015) Universities 14 The state had 111 engineering colleges and 193 Arts, commerce, home science and polytechnic colleges as of September 2015. 542 science colleges & B.Ed. colleges As of September 2015, the state had 14 universities. Engineering colleges 111 Panjab University is more than a 100 years old and is Polytechnic colleges 193 well regarded globally. ITI’s 369 The Punjab Agricultural University in Ludhiana is well known for its contribution to education, research and extension services in the field of agriculture. Position of elementary and secondary education (2014-15) Primary schools 13,185 In Budget 2015-16, the finance minister allocated US$ 3.32 million for the scheme of “Strengthening of girls Middle schools 2,885 schools” in the state, under which a total of 121 High/senior secondary schools 3,430 government girls high schools would be reinforced in the 144 community development blocks. Source: Punjab Bureau of Investment Promotion; Annual Plan 2015-16; Budget 2015-16; Economic Survey of Punjab, 2014-15
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SOCIAL INFRASTRUCTURE – EDUCATION … (2/3)
Major educational institutes in Punjab are: Punjab’s primary education statistics (2014-15) Indian Institute of Science Education and Research (IISER), Mohali. Enrolment in schools 55.93 lakh
Institute of Nano Science and Technology (INSE), Mohali. Enrolment in colleges 23.60 lakh
National Agri-Food Biotechnology Institute (NABI), Mohali. Source: Economic Survey of Punjab 2014-15; News articles Indian School of Business (ISB), Mohali.
Postgraduate Institute of Medical Education and Research (PGIMER), Chandigarh.
Indian Institute of Technology, Ropar.
University Business School, Chandigarh.
Punjab Agricultural University, Ludhiana.
National Institute of Technology, Jalandhar.
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SOCIAL INFRASTRUCTURE – EDUCATION … (3/3)
In order to develop and improve the education infrastructure in the state, the government has proposed US$ 1,379.89 million in Budget 2015-16-
US$ 147.6 million is for Sarva Siksha Abhiyaan programme US$ 46.0 million is for Mid-Day Meal scheme US$ 51.4 million is for ICT Project to impart computer education from class 6th to 12th US$ 14.9 million is for Rashtriya Madhyamik Sikhsha Abhiyan (RMSA) programme US$ 6.6 million is for District Institutes of Education & Training US$ 3.3 million is for Strengthening of Senior Secondary Girls Schools US$ 3.3 million Vocational Education Programme US$ 3.3 million is for model Schools US$ 2.3 million is for Sakshar Bharat Mission US$ 1.7 million is to give scholarship to brilliant students.
Source: State Budget 2015-16
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SOCIAL INFRASTRUCTURE – HEALTH
The public healthcare infrastructure of the state has a three-tier Health indicators of Punjab (2014-15) structure comprising hospitals, primary health centres and sub- Population served per doctor 1,100 centres, health units and community health centres. During 1 2014-15, the average radius served per healthcare institution Birth rate 15.7 was 3.12 km. Around 90 per cent of non-hospital healthcare 1 Death rate 6.7 and 67 per cent of hospital care cases are handled by private 2 healthcare services. In 2015-16 annual budget, state Infant mortality rate 26.0 government announced plans to invest US$ 499 billion towards health, family welfare and medical education. Life expectancy at birth (years) Male (2011-15) 69.7 Few allocations in health sector (In US$ million) Female (2011-15) 72.8 For providing affordable and accountable health care 93.4 services to the community Health infrastructure (2014-2015) For providing emergency response services (108- Ambulance Services) medical helpline (104) in the 6.5 Total hospitals 270 state Ayurvedic and unani institutions 507-dispensaries For treatment of cancer patients under CM cancer 4.1 Ayurveda dispensaries and hospitals 5 hospitals relief fund Homoeopathic institutions; Homeopathy Medical Insurance for poor people 8.3 302 dispensaries Creation of cancer and drug de-addiction treatment 28.7 Community health centres 189 infrastructure Dispensaries 1,504 Support for Baba Farid University of Health Sciences, 8.3 Faridkot
Source: Economic Survey of Punjab, State Budget 2015-16; Punjab Bureau of Investment Promotion;, 1Per thousand persons; 2Per thousand live births NOVEMBER 2015 For updated information, please visit www.ibef.org 34 PUNJAB LAND OF FIVE RIVERS
CULTURAL INFRASTRUCTURE.. (1/2)
The traditional game of Punjab is Kabaddi. Hockey and Tourist arrival in Punjab (In lakhs) wrestling are the prominent sports in Punjab. The state has a number of sports stadiums and clubs in Chandigarh, Mohali, Amritsar, Jalandhar and other parts of the state. Year Domestic Foreign 2013-14 213.41 2.04 For the construction of entrance plaza in the forecourt of Shri Harmandir Sahib, facade improvement of the surroundings 2014-15 242.71 2.55 of Golden Temple, Jallianwala Bagh, town hall and Hall Gate in Amritsar, the state government has announced plans to invest US$ 82.94 million as per the 2015-16 budget. For improving the tourism and cultural infrastructure of the state, Source: Department of Sports, Department of Tourism, Government of Punjab Punjab Infrastructure Development Board (PIDB) has planned to invest US$ 16.76 million during 2015-16. The state government implemented a comprehensive sports policy for providing better sports facilities in the state. The state has a scheme for having a stadium at the block- According to the policy, the cash incentive for gold level, with indoor facilities for wrestling, boxing, judo, weight medallists in the Olympics, Asian as well as Commonwealth lifting, etc. Construction of such facilities has been games increased to US$ 0.37 million, US$ 0.04 million and completed in 12 blocks. US$ 0.03 million, respectively.
The Golden Temple, Jalianwala Bagh and the Wagah The finance minister of Punjab announced an allocation of Border (with Pakistan) at Amritsar are among the state’s US$ 1.08 million for the Rajiv Gandhi Khel Abhiyan main tourist destinations. scheme, US$ 1.16 million for the development of sports, US$ 1.16 million for National Service Scheme and US$ Number of tourist arrivals in the state increased to 245.26 0.17 million for rural sports club. lakh in 2014-15 from 215.45 lakh in 2013-14.
Source: State Budget 2015-16 NOVEMBER 2015 For updated information, please visit www.ibef.org 35 PUNJAB LAND OF FIVE RIVERS
CULTURAL INFRASTRUCTURE.. (2/2)
Various skill development schemes brought up by the government during 2015-16, include: Aajevika skills of National Rural Livelihoods Mission (NRLM) Employment through skill training and placement of National Urban Livelihoods Mission (NULM) Recognition of Prior Learning (RPL) of construction workers- a mission formulated scheme and funded by The Building & Other Construction Workers (BOCW) Skill development of the wards/dependents of construction workers not covered under Recognition of Prior Learning (RPL) Skill development component of Multi Sectoral Development Project (MSDP) for minorities - six blocks of Sangrur and Gurdaspur districts. Seekho Aur Kamao scheme of National Minority Development and Finance Corporation (NMDFC)
The state government allocated US$ 44.45 million for the skill development of 1,21,000 youngsters under these schemes.
NOVEMBER 2015 36 PUNJAB LAND OF FIVE RIVERS
INDUSTRIAL INFRASTRUCTURE … (1/2)
Name and location Primary industry Description
Set up by Punjab Information and Communication Technology Corporation Electronics Township Electronics Limited (Punjab Infotech) for the promotion and growth of the electronics (ELTOP), Mohali industry in the state.
Clusters identified for bicycles and bicycle parts (Ludhiana), steel re-rolling Industry clusters Industry specific (Mandi Gobindgarh), textiles (Ludhiana), sports and leather goods (Jalandhar), and woollens (Amritsar).
Joint initiative of a Non-Resident Indian (NRI) group and Punjab Agro Industries Corporation; spread over 25 acres and one of India's largest and Food Park Project, Sirhind, Agro-processing most sophisticated integrated vegetable and fruit processing complexes Fatehgarh Sahib District with support facilities for an annual capacity of over 5,000 million tonnes (MT) frozen storage facility and 5,000 MT cold storage facility.
Integrated textile park with 115 plots jointly developed by Punjab Small Apparel Park, Doraha, Textiles Industry and Export Corporation Limited and the Association of Textile Ludhiana Industry.
Biotech Park, Dera Bassi, Has all the basic facilities including water, electricity, R&D lab and sewage Biotech Chandigarh treatment facility, etc.
IT and electronics; SEZ status granted to QuarkCity in Mohali to promote IT and electronics SEZ, Mohali pharmaceuticals sectors and to Ranbaxy’s SEZ at SAS Nagar, Mohali.
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INDUSTRIAL INFRASTRUCTURE … (2/2)
In order to create new and improved industrial infrastructure and for enhancement in the existing infrastructure of various focal points in the state, the state government allocated US$ 27.95 million for the 12th Five Year Plan and US$ 1.66 million for annual plan 2015-16.
Punjab has approximately 157,000 registered industrial units that include the micro, small, medium and large industries. The industrial focal points developed by Punjab Small Industries & Export Corporation (PSIEC) are based in Ludhiana, Mohali, Hoshiarpur, Sangrur, Bhatinda, Jalandhar, Pathankot, Amritsar, etc.
Through the 12th Five-Year Plan, the government has envisaged an investment outlay of US$ 437.7 million that includes the following major focus areas. Out of this budget about 55 per cent has been released as of March 2015.
Protecting and promoting small scale units, which form an integral part of the state’s industrial landscape. Developing industrial clusters, mega projects and SEZs. Special packages to develop the IT and knowledge-based, agro-based and food processing industries.
As per Budget 2015-16, the state government has announced plans to introduce the Entrepreneurship Development Programme scheme. The timeline for this scheme would be five years and according to this scheme, an interest subvention at the rate of 3% will be given to those enterprises who have taken loans for the establishment of a micro or small enterprise. The maximum limit for the loan can be US$ 0.83 million. For this scheme, the state government has announced plans to invest US$ 16.58 million.
Source: Department of Planning, Government of Punjab, Annual Plan 2015-16 Economic Survey of Punjab 2013-14 NOVEMBER 2015 For updated information, please visit www.ibef.org 38 PUNJAB LAND OF FIVE RIVERS
AMRUT AND SMART CITIES
Out of 100 smart cities to be created across India, the Government of Punjab has proposed 3 smart cities for the state, which include Amritsar, Jalandhar and Ludhiana.
The government would be spending US$ 7.96 billion for the creation of these 100 smart cities in India. The 3 cities of Punjab would be allotted central assistance of US$ 16.59 million every year for the Amritsar next five years.
17 cities of Punjab are identified to be developed as AMRUT cities. Jalandhar
Ludhiana Smart cities in Punjab
Cities Population Area (sq km) Literacy rate Amritsar 2,490,656 2,683 76.27% Jalandhar 2,193,590 2,624 82.48%
Ludhiana 3,498,739 3,578 82.20%
Source: TechSci Research
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KEY INDUSTRIES
The resources, policy incentives, infrastructure and climate in the state support investments in sectors such as agro- Key industries in Punjab based industries, food products, light engineering goods, automotives, chemicals, sports goods, textiles, • Tractors and auto components pharmaceuticals, paper and paper products, metal and alloy • Agro-based industries products. • Bicycles and bicycle parts • Chemical products Punjab State Industrial Development Corporation Ltd • Food products (PSIDC) and Punjab Small Industry and Export Corporation • Light engineering goods (PSIEC) are responsible for developing industrial • Metal and alloy products infrastructure in the state. Punjab Agro Industries • Pharmaceuticals Corporation (PAIC) is responsible for developing agro- • Paper and paper products based units. • Sports goods • Textiles Registered factories in Punjab • IT and electronics Number of factories 12,593
Fixed capital US$ 6,195.34 million
Number of employees 600,041
Net value added US$ 5,464.41 million
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KEY INDUSTRIES – AGRO-BASED INDUSTRY… (1/3)
Agriculture is one of the significant sectors for the growth of Punjab’s economy. It is providing livelihoods to more than Some of the key players 60 per cent of the state’s population. The agriculture sector contributed around 25.42 per cent to the state’s GSDP in • Nestle India 2014-15. • MILKFED • Jagjit Industries Ltd As of 2015, the state of Punjab accounted for a share of • Markfed around 11 per cent and 7 per cent of the country’s overall rice production and dairy production, respectively. The state accounts for the highest yield of rice, paddy and wheat in India. Some scheme wise allocations earmarked in Cooperatives have been contributing a significant share in Budget 2015-16 the growth of the agriculture sector in the state. Sugar cooperatives are one of the major contributors in Punjab’s • US$ 99.53 million for making payments to cane economy. In the 2015-16 budget, the state government growers announced plans to allocate US$ 99.53 million to sugar • US$ 49.76 million for Punjab Agricultural University, cooperatives so that they can facilitate timely payment to Ludhiana the cane producers. Approximately 82 per cent of the state’s • US$ 38.15 million for strengthening of agriculture and land is under cultivation compared with the national average allied sectors under RKVY of 40 per cent and around 98 per cent of the cultivable area • US$ 10.53 million for National Horticulture Mission is under assured irrigation. • US$ 8.29 million for National Food Security Mission
In the 2015-16 budget, the state government of Punjab has Source: Statistical Abstract Punjab 2014, Punjab Bureau of Investment proposed to invest US$ 582.61 million for the agriculture Promotion, State Budget 2015-16 sector.
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KEY INDUSTRIES – AGRO-BASED INDUSTRY… (2/3)
Punjab is also known as the ‘Bread Basket of India’. The state accounted for a share of over 40 per cent and 26 per cent of the central procurement of wheat and rice, respectively, in the country. In addition, the state accounted for 75 per cent share in the country’s total production of kinnows & oranges and 7.5 per cent share in the total milk production in the country.
Food processing is considered to be a focus area in the state and the government has made various efforts in aiding deserving investments for the food processing industry.
As per the Invest Punjab Summit that took place in Mohali on 28th October, 2015, the Deputy Chief Minister of Punjab, Mr. Sukhbir Singh Badal announced a policy of zero tax on new food processing units in the state. With this announcement, 55 Memorandum of Understanding (MoU) were received under the food processing sector with an investment of US$ 1,327.14 million.
Source: Punjab Investor Summit NOVEMBER 2015 For updated information, please visit www.ibef.org 42 PUNJAB LAND OF FIVE RIVERS
KEY INDUSTRIES – AGRO-BASED INDUSTRY… (3/3)
Nestle India • A subsidiary of Nestle SA, Switzerland, the company started milk collection in Moga, Punjab, in 1961 and has expanded operations to a network of more than 85,000 farmers. The company has its processing unit in Moga. Nestlé's famous brands include Nescafe, Maggi, Milkibar, Kit- Kat, Bar One, Milkmaid, Nestea, etc. The company recorded revenues of US$ 1.6 billion during January 2014 to December 2014 and revenues of US$ 742.11 million between January 2015- June 2015.
• MILKFED (The Punjab State Cooperative Milk Producers' Federation Ltd) was formed in 1973 MilkFed with the objectives of providing remunerative prices to milk producers in the state, marketing their produce and providing technical inputs for the enhancement of milk production. The company has a strong network of about 7,370 milk producers’ cooperative societies at the village level, 12 milk plants and two cattle-feed factories. • It is well known for the Verka brand of dairy products, including milk, butter, buttermilk, cheese, curd, milk powder, ice cream, ghee, etc.
• JIL was founded in 1944 in Kapurthala under the patronage of Maharaja Jagatjit Singh. The Jagatjit Industries Ltd (JIL) company manufactures and markets alcoholic beverages, malt, malt extract, malted milk foods, milk powder, ghee, glass and pet containers. The company recorded revenues of US$ 199.5 million in 2014-15.
• Markfed began operations in 1954 with 13 members and a share capital of US$ 6,000. It has Markfed grown to be among the largest marketing cooperatives in Asia with an annual business turnover of around US$ 1.9 billion with nearly 2,710 employees and 20 industrial units. • Punjab Markfed is a marketing federation of over 3,069 societies. The cooperative has won recognition and many awards from the Government of India in several areas of excellence; Markfed represents the interests of over a million farmers in the state.
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KEY INDUSTRIES – IT AND ELECTRONICS … (1/2)
Punjab’s IT policy and the incentives offered to the IT industry are Some of the key players aimed at promoting Punjab as an attractive destination for the industry. Mohali has been developed as an IT and ITeS hub in the • Infosys Ltd state. • JCT Electronics Ltd • Punjab Communications Ltd In 2014-15, software exports from the Rajiv Gandhi Chandigarh • APLAB Ltd Technology Park was valued at around US$ 346.8 million. STPI: Software Technology Parks of India Punjab Infotech is the nodal agency for the promotion and development of the electronics, telecommunication and IT industries within the state.
Software exports from the state of Punjab have increased from US$ 414.42 million in 2011-12 to US$ 407.15 million in 2014-15.
In 2013-14, the Governor of Punjab presented the IT Policy-2013, which laid out the following objectives: Promoting the manufacturing of various IT units in various IT related facilities in Punjab; Increasing the opportunities for direct and indirect employment generation for the youth in the state; Promotion of investments related to the private sector in the IT sector of the state; Provide skill development to the youth of Punjab for enhancing their employability. Source: Department of information and Technology, Government of Punjab
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KEY INDUSTRIES – IT AND ELECTRONICS … (2/2)
• Infosys, which recorded consolidated revenues of US$ 8.8 billion in 2014-15 and US$ 4.97 Infosys Ltd billion between April 2015 and September 2015, has thirty two development centres across the country, with one in Mohali, set up in 2001. The Mohali centre is equipped with the latest technology and solutions for enterprise networking, office productivity, collaborative software engineering and distributed project management. In February 2014, Infosys announced that it would set up an IT unit at Mohali. The construction of the facility is expected to start by the end of September and get completed by March 2017.
JCT Electronics Ltd (JCTEL) • JCT Electronics is a flagship company of the Thapar Group, one of India’s large industrial conglomerates. JCTEL manufactures colour picture tubes for television sets and has a production capacity of around 5.2 million units annually. The company's plants are located at Vadodara (Gujarat) and Mohali (Punjab). It recorded revenues of around US$ 0.4 million in 2014-15.
Punjab Communications Ltd • Puncom is India's premier telecom and IT equipment and solution provider. During 2014-15, the company generated revenues of US$ 3.48 million and US$ 1.42 million during April 2015- September 2015. Broadly, the company's activities cover areas such as telecom equipment manufacturing, IT and software solutions, turnkey projects as well as repair and maintenance. It has a manufacturing facility at Mohali near Chandigarh.
• APLAB Ltd is a public enterprise incorporated in 1962 to provide solutions to business sectors such as telecommunication, IT, retail banking, retail fuel-dispensing as well as power control APLAB Ltd and conditioning. The company has four independent product divisions: test and measurement equipment, power conversion and Uninterrupted Power Systems (UPS), self-service terminals for banking, and self service terminals for petroleum sectors. In Punjab, the company has presence in Chandigarh, Ludhiana, Amritsar and Jalandhar. The company recorded revenues of US$ 12.37 million in 2014-15 and US$ 5.80 million during April 2015-September 2015.
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KEY INDUSTRIES – TEXTILES … (1/3)
The textile sector in the state is strong on all aspects of the value chain, i.e., from the raw material stage to the finished products (garments) stage. In 2014-15, cotton production in the state stood at 1.4 million bales. Punjab is among the largest producers of cotton and blended yarn as well as mill-made fabrics in India. Ludhiana is often referred to as the ‘Manchester of India. The state accounted for 5 per cent of the country’s cotton production in 2014-15. The textile industry accounted for approximately 21 per cent of the total industrial production and contributed about 36.8 per cent of the total exports from Punjab in 2014-15.
In 2014-15, silk production in the state stood at 4 metric tonnes and it declined to 1.02 metric tonnes, as of August 2015. As of 2014- 15, the state has 128 spinning mills, 3,113 spindles and 1,359 looms. The state’s textile policy provides incentives such as development of clusters, benefits under the central government’s Technology Upgradation Fund Scheme (TUFS), electricity at reduced rates, and government support in the acquisition of land for textile mills. For promoting the textile industry in Punjab, the government has established four textile parks in the state, as per the Annual Plan 2015-16. In addition to this, an amount of US$ 1.66 million has been allocated for focal points and US$ 0.17 million for the Northern India Institute of Fashion Technology (NIIFT) scheme. In March 2015, the central government announced plans to establish a textile park in Bathinda, Punjab.
Current projects in Punjab Some key players
Name of textile park Location Area Key activity • Nahar Group Ludhiana Integrated Textile Circular knitting, flat knitting- manual • Vardhman Group Ludhiana 60 Park and computerized garmenting • JCT Limited Shaheed • Prince Textile Mills Rhythm Textile & Apparel Bhagat 20 Garmenting & knitting Park Singh Nagar Lotus Integrated Textile Production of towels, melange yarn, Barnala 100 Park bathrobes and training center Punjab Apparel Park Ludhiana 85 Production of readymade garments
Source: Annual Plan 2015-16, Ministry of Textiles, Government of India, Central Silk Board NOVEMBER 2015 For updated information, please visit www.ibef.org 46 PUNJAB LAND OF FIVE RIVERS
KEY INDUSTRIES – TEXTILES … (2/3)
Nahar Group of • The Nahar Group of companies is also known as the OWM Group. The group’s portfolio Companies comprises spinning, knitting, fabrics and hosiery garments. It operates seven firms: Oswal Woollen Mills Ltd, Nahar Spinning Mills Ltd, Nahar Industrial Enterprises Ltd, Nahar Poly Films Ltd, Monte Carlo Fashion Ltd, Cotton County Retail Ltd and Nahar Capital & Financial Services Ltd. Most of its manufacturing facilities are located at Ludhiana and Mohali.
• Vardhman Textiles Limited, formerly Mahavir Spinning Mills Limited, is a large textile producer Vardhman Group in India. The company operates in five segments: yarn, sewing thread, steel, fibre and fabric. The yarn segment comprises production of various types of yarns (cotton, manmade fibres and blends) and yarn processing activities. The company’s subsidiaries include Vardhman Holding Limited, Vardhman Textiles Limited, VMT Spinning Company Limited, VTL Investments Limited, Vardhman Acrylics Limited, Vardhman Yarn & Threads Limited, Vardhman Nisshinbo Garments Company Limited and Vardhman Special Steels Limited. The company has its corporate office at Ludhiana, yarn manufacturing units at Ludhiana, Hoshiarpur and Malerkotla and dyeing units at Ludhiana and Hoshiarpur. The company recorded total revenues of US$ 976.63 million in 2014-15 and US$ 461.23 million during April-September 2015.
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KEY INDUSTRIES – TEXTILES … (3/3)
• JCT Limited, one of the leading manufacturers of textiles and filament yarn, is the flagship company of the Thapar group. It has operations in two distinct businesses: cotton, synthetic and JCT Ltd blended textiles, and nylon filament yarn. The company’s revenues were recorded at US$ 162.84 million during 2014-15 and US$ 72.7 million during April-September 2015. • JCT Limited offers a range of materials including 100 per cent cotton, 100 per cent polyester, 100 per cent nylon as well as various blends such as cotton-polyester, cotton-nylon and polyester-viscose, single and plied yarns (both with counts ranging from 6s to 100s) as well as cotton lycra and Dupont US-approved (polyester-cotton) lycra stretch material. The company has an integrated textile facility at Phagwara, Punjab.
Prince Textile Mills • Prince Textile Mills, based in Ludhiana, was established in 1990 for high-quality Pashmina products. The company offers a wide range of hand-woven shawls and scarves of different lengths. • The company has a manufacturing facility at Ludhiana, Punjab.
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KEY INDUSTRIES – LIGHT ENGINEERING GOODS … (1/2)
The light engineering goods industry in Punjab includes The machine tools industry comprising lathes, shapers, bicycle and bicycle parts, machine tools/hand tools, sports milling machines, drilling machines and special purpose goods, engineering goods and auto spares. machines for different industries is mainly concentrated in Batala and Ludhiana. Punjab is a rapidly developing state with a large number of engineering companies being set up in districts such as Some of the key players Ludhiana, Jalandhar, Sangrur, Moga, SAS Nagar (Mohali), Patiala and Hoshiarpur. • Hero Cycles • Avon Cycles The industry accounted for approximately 17.9 per cent • Accurate (India) share of the state’s manufacturing output during 2014-15 and a 22.8 per cent share in industrial employment in the state. Export of light engineering goods by sector (2014-15) Bicycle & bicycle In 2014-15, the state accounted for around 17.3 per cent of 9% parts the bicycle production and 76.9 per cent of bicycle parts production in India. The industry is primarily located in 13% Machine/Hand Ludhiana. Exports of light engineering goods from the state tools 45% of Punjab stood at US$ 1,262 million in 2014-15. Sports goods 13% Hand tools such as wrenches, hand drills, pullers, vices, hammers, screw drivers, pliers, spanners, etc., are Engineering goods manufactured mainly in Ludhiana and Jalandhar. Sewing 20% machines and their parts are mostly manufactured in Auto spares Jalandhar. Source: Punjab Investor Summit
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KEY INDUSTRIES – LIGHT ENGINEERING GOODS … (2/2)
• A part of the Hero Group and among the world’s largest producers of bicycles, the company‘s Hero Cycles annual bicycle production is 19,500 cycles per day. It started exporting to Africa and the Middle East in 1963. Today, more than 50 per cent of its bicycle exports are to Europe and the US. It has tied up with National Bicycle Industries, a part of the Matsushita Group, Japan, to manufacture high-end bicycles. It has a manufacturing unit in Ludhiana. In 2013-14, the annual turnover for the company was US$ 1,448.4 million.
• Avon Cycles is another leading bicycle manufacturer in India. It has invested significantly in Avon Cycles backward integration and has facilities for making almost all parts that are needed for bicycles, including steel balls. It produces about two million bicycles per annum and exports to more than 80 countries. It has manufacturing units in Ludhiana. The company is recognised by the Government of India as a ‘Golden Trading House’. It is engaged in the development of a range of electrically powered bikes.
Accurate (India) • Accurate (India) is a manufacturer and exporter of oil mill machinery, spares and scaffolding fittings. The company has its office at Simlapuri in Ludhiana.
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KEY INDUSTRIES – AUTOMOTIVE AND AUTO COMPONENTS … (1/2)
The automotive industry in Punjab is dominated by farm and light commercial vehicle manufacturers such as International Some of the key players Tractors, Punjab Tractors and Swaraj Mazda. • International Tractors Ltd • Swaraj Engines Ltd The auto component industry in Punjab predominantly comprises SSI units. • SML ISUZU Ltd • Pabla Bearings Ltd The auto components produced range from simple items such as nuts and bolts to complex ones such as shafts, radiators and axles.
Manufacturing units cater to both original equipment manufacturers and replacement markets, some also export to offshore destinations.
The state’s tractor production is very high. It has a tractor density of 85 per 1,000 ha, as compared to the world average of 19.4.
A majority of auto parts manufacturers are concentrated in Ludhiana, Jalandhar, Hoshiarpur and Phagwara.
The export of auto parts from the state has increased from US$ 138.7 million in 2012-13 to US$ 268.2 million in 2014-15.
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KEY INDUSTRIES – AUTOMOTIVE AND AUTO COMPONENTS … (2/2)
• International Tractors is among the top three tractor manufacturers in India; the company has a International Tractors facility at Hoshiarpur. It sells tractors under the brand name ‘Sonalika’. It exports to several countries Ltd including South Africa, Australia, Zimbabwe, Sri Lanka, Canada, Bangladesh, Algeria, Zambia, Senegal, Ghana, etc. It has a strategic alliance with YANMAR, Japan, for manufacturing tractors in India and a marketing arrangement with Tata International for exports to select South American and African markets. In 2014-15, the company recorded revenues of approximately US$ 650 million.
SML ISUZU Ltd • SML ISUZU Limited, formerly known as Swaraj Mazda, based in Nawanshahar, Punjab, is a light commercial vehicle manufacturer. The company manufactures vehicles for goods and passenger applications. In the passenger carrier category, the company offers non-air conditioned and air- conditioned bus models with capacity ranging from 10-41 seats. The company recorded revenues of US$ 183.40 million in 2014-15 and US$ 108.17 million between April-September 2015.
• Swaraj Engines Limited (SEL) is a Punjab-based company manufacturing engines for Punjab Swaraj Engines Ltd Tractors Ltd (PTL). It manufactures diesel engines, diesel engine components and spare parts. The company is also a supplier of hi-tech engine components to SML ISUZU Limited. The company’s engine business constitutes approximately 95.0 per cent of its product revenue. The remaining 5.0 per cent is contributed by the hi-tech engine components supplied to SML ISUZU for the assembly of commercial vehicle engines. The company reported revenues of US$ 89.53 million during 2014- 15 and US$ 50.81 million during April-September 2015.
PABLA Bearings Ltd • Pabla is a leading manufacturer and exporter of superior quality bearings, agricultural machinery bearings, home appliances bearings, auto bearings, two-wheeler auto bearings, four-wheeler auto bearings, etc. The company is based in Ludhiana, Punjab. Its major markets include India, Indonesia, Sri Lanka, Egypt, Europe, Middle East, Bangladesh, Thailand and Singapore.
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KEY INDUSTRIES – PETROCHEMICALS AND FERTILISERS … (1/2)
Industrial activity in the petrochemicals and fertiliser categories includes refining, petrochemicals, chemicals, Some of the key players fertilisers and other related products and distribution. • Hindustan Petroleum Corporation Ltd Punjab consumed nearly 1.69 times the national average • National Fertilisers Ltd fertiliser consumption of 128kg/ha as per annual plan 2015- • Punjab Chemicals and Crop Protection Ltd 16. • Punjab Alkalies & Chemicals Ltd
Under “Soil Health Management (SHM), various initiatives will be taken by the government during 2015-16. One of the major initiatives in the fertiliser sector is strengthening the existing quality control procedures for fertilisers in laboratories.
This sector is expected to grow further with the expansion of Hindustan Petroleum Corporation Ltd refinery project from current capacity of 9 MMTPA to 11.2 MMTPA as well as the increasing production of fertilisers in the state.
As of 2014-15, nitrogenous fertiliser is one of the most consumed fertilizer in the state. It accounted for 76 per cent share in the overall consumption of fertilisers. Phosphatic is the second most consumed fertilisers in the state with 23 per cent share in the consumption of fertilizers. Source: Annual Plan 2015-16, The Fertilisers Association of India
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KEY INDUSTRIES – PETROCHEMICALS AND FERTILISERS … (2/2)
Hindustan Petroleum • HPCL is a Fortune 500 company. It recorded an annual turnover of US$ 34 billion in 2014-15 Corp Ltd (HPCL) and US$ 15.57 billion during April-September 2015. • HPCL-Mittal Energy Limited (HMEL), a joint venture company of HPCL with Mittal Energy Investments Pte Limited, has set up a state-of-the-art, 9 million metric tonnes per annum (MMTPA) refinery at Bathinda in Punjab.
National Fertilizer Ltd • NFL is one of the largest producers of nitrogenous fertilisers in the country. It is actively promoting the use of bio-fertilisers in the state and produces neem-coated urea at its facility in Bhatinda. The company recorded revenues of US$ 1.4 billion in 2014-15 and US$ 630.87 million during April-September 2015.
Punjab Chemicals and • Punjab Chemicals and Crop Protection Limited is engaged in the business of agrochemicals; it Crop Protection Ltd manufactures technical grade pesticides, herbicides, fungicides and biocides, as well as their formulations. The company has presence in both domestic and international markets. It has its registered office in Chandigarh and recorded revenues of US$ 67.96 million in 2014-15 and US$ 27.63 million during April-September 2015.
Punjab Alkalies & Chemicals Ltd • Punjab Alkalies & Chemicals Limited’s three principal products include caustic soda lye, chlorine and hydrochloric acid. Its plant is located at Naya Nangal in Punjab. The company registered revenues of US$ 44.54 million in 2014-15 and US$ 20.04 million during April- September 2015.
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THREE-TIER SINGLE-WINDOW CLEARANCE MECHANISM … (1/2)
The Single-Window Clearance Mechanism (SWM) has Single-Window Clearance Mechanism in Punjab been established under the Punjab Industrial Facilitation Act, 2005, with the following three-tier structure to grant exemption/relaxation from any of the provisions/rules of the act: Chief Minister of State Punjab Board District Single-Window Clearance Committee: Instituted in each district of the state, the committee is chaired by the Deputy Commissioner and has the Chief Secretary Empowered Committee senior-most officers of district departments as its members.
Deputy Empowered Committee: This committee is chaired District Single Window Clearance Commissioner Committee by the Chief Secretary to the Government of Punjab and has the principal secretaries of state departments as its members.
Source: Department of Industry, Government of Punjab State Board: The board has the Chief Minister of Punjab as its chairman and ministers of state departments as its members.
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THREE-TIER SINGLE-WINDOW CLEARANCE MECHANISM … (2/2)
Level Nodal agency Composition & role
The agency members include officers from the Punjab State Electricity Board (PSEB), Punjab Pollution Control Board (PPCB), Punjab Infotech, PSIDC, PFC, PSIEC, Department of Labour, PAIC and the Directorate of Industries. State-level Udyog Sahayak The agency handles the composite application forms received from entrepreneurs and assists in obtaining clearances from various departments within the stipulated time period. It also provides guidance and information to investors about policies and programmes; it is monitored by an empowered committee.
The DIC is headed by the general manager at the district level and includes the environmental engineer of the PPCB, the superintending engineer/executive engineer of District-level DIC PSEB, the district officer of the Housing and Urban Development Authority and the assistant director of factories from the Directorate of Factories. The DIC provides sanctions and clearances for setting up small scale industrial units in the state.
Source: Department of Industry, Government of Punjab PSIDC: Punjab State Industrial Development Corporation Ltd, PFC: Punjab Financial Corporation, PSIEC: Punjab Small Industries & Export Corporation Limited, PAIC: Punjab Agro Industries Corporation Limited
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KEY INVESTMENT PROMOTION OFFICES
Agency Description
Punjab Small Industry and Export • Focuses on the development of SSI units and promotion of exports. Corporation Limited (PSIEC) • Responsible for setting up industrial focal points.
• Provides medium and long term loans for setting up new industrial units, Punjab Finance Corporation expanding existing units and reviving sick units in the state (loan limits set by (PFC) the State Financial Corporation Act, 1951).
• Acts as the promoter for agro-based industries in Punjab and provides inputs such as fertilisers, machinery, seeds and pesticides to farmers. Punjab Agro Industries Corporation (PAIC) • Assists investors in obtaining all necessary approvals for new projects and facilitates contract farming.
• Promotes large- and medium-scale projects in the state.
Punjab State Industrial Development • Provides escort services, especially for industrial ventures, and has been instrumental in facilitating the projects of Godrej-GE (white goods), Century Corporation Limited Textiles (pulp and paper), Gujarat Ambuja (cement), ICI (paints) and HPCL- (PSIDC) Saudi Aramco (mega project for gas).
• Acts as an infrastructure developer and financial facilitator.
Source: Department of Industry, Government of Punjab
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CONTACT LIST
Agency Contact information
Udyog Bhawan 18, Himalaya Marg, Sector-17/A Chandigarh-160017 Punjab Small Industry and Export Corporation Limited Phone: 91-172-2704756, 2704865, 2702751, 2702656 (PSIEC) Mob: 09814700407 Fax: 91-172-2702039 E-mail: [email protected]
Udyog Bhawan 18, Himalaya Marg, Sector-17 Punjab State Industrial Development Corporation Limited Chandigarh-160 017 (PSIDC) Phone: 91-172-2704040, 2702881-84, 2702 791 Fax: 91-172-2704 145 E-mail: [email protected], [email protected]
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KEY APPROVALS REQUIRED
Service or facility Agency Timelines
Industrial License 2 weeks Sponsorship for raw materials and inputs Department of Industries 4 weeks Land allotment 4 weeks
Sales tax exemption: 1 week Incentives Udyog Sahayak Investment incentive: 4 weeks Other incentives: 2 weeks
Sanction of loan PFC/PSIDC 8 weeks
Load up to 20 kW: 8 weeks Load from 21–100 kW: 12 weeks Release of power connection PSEB Load from 101–500 kW: 12 weeks Load above 500 kW: 90 days
60 days Site approval/environmental clearance Department of Environment, 30 days Adequacy certificate Pollution Control Board Green category: 15 days No-objection certificate Red category: 30 days
Source: Department of Industry, Government of Punjab
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LIST OF APPROVALS-Punjab Bureau of Investment Promotion
Regulatory Authority Power vested with PBIP (Punjab Bureau of Investment Promotion) . Consent to establish . Consent to operate (under Water Act & Air Act) . Authorization under Hazardous Waste Rules . Registration for Recycling of Hazardous Waste Rules Punjab Pollution Control Board (PPCB) . CSA Clearance . Authorization under E-waste Rules, 2011 . Registration under Plastic Rules . Authorization for Bio Medical Waste Disposal . Site appraisal/approval Excise & Taxation . VAT Incentives
Labour . Shop Registration . Permission for engaging contractor for labour . Annual returns under Labour Laws
Factories Department . Factories License . Annual Filling under Factories Act . Factory Building Plan approval
Industries . Registration under Boilers Act
Housing and Urban Development . Change of land use and approvals of building plans
Source: Punjab Bureau of Investment Promotion
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COST OF DOING BUSINESS IN PUNJAB
Cost parameter Cost estimate Industrial land (per sq mt) Mohali: US$ 35.42, Ludhiana: US$ 17.71, Amritsar: US$ 11.10 Office space rent (per sq ft per month) US 17 cents to US 32 cents Power cost (per kWh) Industrial: US 9.8 cents to US 10.6 cents
Agriculture: US$ 3.1 Non-agriculture: Unskilled: US$ 3.0 Labour cost (minimum wages per day) Semi-skilled: US$ 3.1–3.2 Skilled: US$ 3.3–3.5 Highly skilled: US$ 3.8–3.9
Water Commercial and industrial: US 14.0 cents per 1,000 litres
Source: Ministry of Labour and Employment, Government of India, Punjab State Electricity Regulatory Commission, Industrial sources, Municipal Corporation Mohali
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STATE ACTS AND POLICIES … (1/4)
Industrial Promotion Policy, 2013
Objectives • Enhance the contribution of secondary and tertiary sectors in the state’s growth. • Ensure overall development of the state by providing incentives to less developed zones. Read more
Agriculture Policy for Punjab, 2013
Objectives • The State Agriculture Policy aims to address various interlinked concerns of sustainability of the current cropping pattern and stagnating farm incomes through a simultaneous and multi-pronged action with an emphasis on improvement in production technology and infrastructure, pushing up capital formation, restructuring the incentives and streamlining the institutions. Read more
New and Renewable Sources of Energy (NRSE) Policy, 2012
Objective • To maximise and improve the share of new and renewable sources of energy to 10 per cent of the total installed power capacity in the state by 2022.
Read more
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STATE ACTS AND POLICIES … (2/4)
Industrial Policy, 2009
Objective • To establish synergy between the agriculture and industrial sectors, rejuvenate the small scale industries and attract more investments in the large scale industries.
Read more
Agro-Industrial Policy, 2009
Objective • To make Punjab the destination of choice for investors and processors, globally as well as domestically.
Read more
IT/Knowledge Industrial Policy, 2009
Objective • To create an enabling environment for IT and knowledge-based industries by focusing on creating the necessary infrastructure, developing human capital, proactively engaging with investors and ensuring effective policy implementation. Read more
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STATE ACTS AND POLICIES … (3/4)
Special Economic Zone (SEZ) Act, 2009
Objectives • To promote SEZs in the state by providing unique incentives to infrastructure developers. • To promote and set up self-contained large industrial townships. Read more
Land Allotment Policy, 2008
Objective • To accelerate the pace of growth of industry in the state and make the process of land acquisition quicker for entrepreneurs. Read more
Notification Textile Policy, 2006
Objective • To facilitate and promote the growth of the textile industry, achieve global standards in product quality, contribute more to exports and encourage textile clusters.
Read more
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STATE ACTS AND POLICIES … (4/4)
Tourism Policy, 2003
Objective • To promote tourism and develop hospitality infrastructure with private sector participation (Tourism was declared to be an industry in Punjab in 1996).
Read more
Upcoming Policy-Make in Punjab
Objective • In October 2015, the Government of Punjab announced plans to draft a new policy-Make in India. The purpose behind the introduction of this policy is to motivate the industrial sector by facilitating incentives.
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CONFERENCES/SUMMITS FOR 2015-16
Summit Venue of Summit Date
IRF-International Conference on Recent Innovations in Electrical, Chandigarh 5th December 2015 Electronics, Computer and Mechanical Engineering(ICRIEECME-2015) IRF-INTERNATIONAL CONFERENCE ON PHARMACEUTICAL, Chandigarh 5th December 2015 MEDICAL & ENVIRONMENTAL HEALTH SCIENCES (ICPharME-2015)) NIER-International Conference on Current Research in Engineering and Chandigarh 10th January 2016 Technology(ICET-16) Technoarete-International Conference on Current Advances in Electronics, Chandigarh 14th February 2016 Electrical and Computer Science(ICEECS-16) Thechnoarete-International Conference on Current Advances in Chandigarh 13th March, 2016 Electronics, Electrical and Computer Science(ICEECS-16)
Source: India Conference Alerts
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INVESTMENT PROMOTION…(1/2)
Industry Type Investment Promotion
• Food Park - Kapurthala: Aid in meeting current and future market requirements Agro and food processing • Food Park - Ladhowal: Provide modern infrastructure facilities for food processing • Mega Food Park – Fazilka: multi-dimensional food processing infrastructure facility • Excellent infrastructure in terms of availability of power and connectivity Light engineering • Good record of industrial relations • Punjab accounts for 14% of the total cotton yarn production in India Textile • South western region of the state, comprising of Mansa, Muktsar, Bathinda and Faridkot, is the main cotton producing area in Punjab. • Area of 1,700 acres is available for immediate development, located in the vicinity of the Sri Guru Information technology Ram Dass Jee International Airport (Amritsar) and the railway station • 40 acres of land in the IT City has been earmarked for electronics and hardware companies • Medicity comprises 260 acres for the development of world class hospitals, pharmaceutical and bio- technology institutions, research centres and a medical college. Bio-Science and health care • Phase I of development of Medicity is underway with the setting up of Tata Cancer & Research Hospital. • Ensure availability of quality power to industrial and domestic users at competitive prices • Bus Rapid Transit Systems (BRTS) have been planned in the major cities of the state to augment the Infrastructure and renewable urban infrastructure energy • State has plans to further augment the road infrastructure with four and six lane expressways to connect all the major towns of Punjab
Source: Punjab Bureau of Investment Promotion
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INVESTMENT PROMOTION…(2/2)
Industry Type Investment Promotion
• In the next four years, Punjab plans to provide all its 147 cities and towns with planned development Housing and real estate including 24 x 7 availability of quality power, 100% coverage for sewerage, solid waste management facilities and projects to ensure smooth traffic flow • Land measuring 1,500 acres is under acquisition for development of an Integrated Knowledge/ Education and skills Education city development • Land is available for setting up of universities, higher education institutes, R&D institutions and colleges in various disciplines. • Major cities like Amritsar, Jalandhar, Ludhiana connected via the corridor • Major expansion of infrastructure using the Public-Private Partnership (PPP) approach Amritsar-Kolkata Industrial • Access to north and north eastern markets regions, which house 40% of India’s population Corridor • Easy movement of freight across states • Push for industrialization and job creation
Source: Punjab Bureau of Investment Promotion
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ANNEXURE
Average exchange rates
Fiscal Year INR equivalent of one US$
2004-05 44.81
2005-06 44.14
2006-07 45.14
2007-08 40.27
2008-09 46.14
2009-10 47.42
2010-11 45.62
2011-12 46.88
2012-13 54.31
2013-14 60.28
2014-15 60.28
2015-16E 61.06 Source: Reserve Bank of India
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