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