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KNOW INDIA
Punjab
Economic Infrastructure
Investment Incentives
Major Industries
Policy Framework
Power
Tourism

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INDIAN STATE : PUNJAB

Policy Framework

Industrial Policy 2003

Objectives of the Policy

The new Industrial Policy has following broad objectives:

  • Create a conducive investment climate through infrastructure creation, reduced regulations and general facilitation.
  • Rejuvenate and make competitive existing industry, particularly in the small-scale sector through improved technology, product quality and marketing.
  • Create a special thrust in the areas where Punjab has an edge in terms of cost and competitiveness

Main Planks of the Industrial Policy

  • Hassle free dealing with government.
  • Power sector reforms.
  • One time settlement scheme.
  • Industry and business friendly tax administration.
  • Enhancement of competitiveness of the existing Industry.
  • Revival of sick Small Scale Industrial (SSI) Units.
  • Redefining role of PSIDC, PFC and PSIEC.
  • Industrial infrastructure development.
  • Measures for attracting new investment

    Full text of the policy

Notification Textile Policy 2006

The objectives of this Policy are following:-

a). Facilitate the Textile Industry of Punjab to attain and sustain a pre-eminent global standing;
b). The Industry equips itself to withstand pressure of import penetration and maintains a dominant presence in the domestic market;
c) Facilitate cluster formulation to promote collective efficiency of textile units by improving their business processes and support systems.

To achieve above objectives, the policy intends to work on following thrust areas

a) Technology up-gradation;
b) Enhancement of productivity;
c) Quality consciousness;
d) Cluster development;
e) Strengthening of raw-material base;
f) Integrated human resource development; and
g) Special benefits to Textile Industry.

Full text of the policy

IT Policy

Objectives of the Policy

  • Improve the overall economy of Punjab by generating more jobs,
    as well as domestic and export revenues and ensuring even spread
    of such benefits to one and all.
  • Creation of high value Employment potential through Human
    resource development in IT and related areas along with the IT
    industry and business.
  • Make Punjab a favoured industry destination for attracting investment from outside the state by facilitating the creation of world class infrastructure, institutional framework and an enabling environment
  • Provide citizen-centered Governance, which is efficient, low cost effective, transparent, friendly, affordable, convenient and ensures full accountability of employees. The government would empower Citizen through deployment of IT and e-governance.
  • Make the State of Punjab globally competitive in the new Globalized, Privatized and Liberalized economy and Changing business environment of the new millennium.
  • Turn the state into a smart & intelligent state and a knowledge society through IT education and e-Governance by promoting knowledge as the key resource for economic progress of individuals & institutions.

Full text of the policy

Tourism Policy 2003

Objectives of the Policy

  • To promote Tourism in the state of Punjab in such a way that it will contribute to the generation of employment, economic growth and particularly bringing the tourist closer to the culture of Punjab.
  • To develop places of interest in Punjab as tourist destinations. Patiala and kapurthala will be developed for culture and heritage, while Anandpur Sahib and Amritsar as religious centres.
  • To promote private sector participation in the development of tourism with Government facilitation to develop necessary infrastructure in the state.
  • To position Punjab on the Tourist Map of India for tapping the untapped potential of various heritage monuments in Punjab.
  • To implement Tourist Master Plan prepared by government of India for development of sustainable tourism.
  • To provide quality service to all domestic and international tourists.
  • To diversify and expand marketing of Tourist potential of the state along with preserving the cultural monuments against any kind of decay.
  • To encourage people's participation through tourism promotion to provide economic benefits to the people through such participation. And to encourage involvement of NGOs like INTACH and other heritage societies by providing them support, assistance and making use of their expertise for development of tourism.

Key strategies of this policy

  • Government will act as a facilitator/catalyst by providing support infrastructure facilities such as wayside amenities, tourist information centres, facility for holding/managing craft melas, transportation services and a platform for managing a calendar of events.
  • To provide basic infrastructure viz. roads, aviation services, rail, water services through joint government - private sector initiative.
  • To involve private sector in strengthening/up-gradation of museums, heritage and cultural sites in the state of Punjab.
  • To manage and implement the tourism master plan.
  • Restoration of monuments, ancient palaces, forts and introduction of a heritage holiday scheme.
  • Utilizing the services of consultants in planning and execution of 20 years perspective plan for development of sustainable tourism in Punjab.
  • Awareness campaign for the public to create a favourable ambience and affinity toward Tourism.
  • Efforts will be made to coordinate preservation, conservation and upkeep of old buildings with all departments including ASI, Waqf Board, Municipal Corporation etc. Revival of traditional buildings and art would also be supported.

    Full text of the policy

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