Punjab

Punjab, the heart of India is a state in the northwest region of India that has remarkably contributed to agriculture and made India self-reliant in food. In order to provide holistic support for the growth of existing industries as well as attract new manufacturing and service industries, the State would focus on the suitable set of drivers and enablers to create a business-friendly environment. Thus, the state government provides numerous incentives.

Here are some primary subsidies provided by the Punjab government:

1. Capital Subsidy
2. Interest Subsidy
3. Registration / Stamp Duty Concession
4. EPF Reimbursement
5. Exemption from Electricity Duty

Promotion of Thrust Sector

In thrust sectors, the benefits double on electricity duty as well as property tax. Here are the thrust sectors of the state-

• IT/ITes
• Healthcare,
• Skill development
• Pharmaceutical
• Renewable energy
• Biotechnology
• The logistics & warehousing
• Agri & Food Processing
• Dairy
• Textiles
• Apparels
• Handicraft
• Leather, Footwear and Accessories
• Gems & Jewellery
• Automobile, Electric Vehicle (EV) & AutoComponent
• Petrochemicals & Petroleum Ancillary
• Chemicals
• Pharmaceuticals
• Minerals
• Ceramics
• Glass
• Biodegradable Plastic Substitutes
• Electronics System Design and Manufacturing (ESDM)
• Industrial Gases
• Renewables
• Defence

The state realizes the importance of anchor units in the creation of jobs and the growth of the sector. Therefore, grants a customized package of incentives related to the state’s industrial growth and ability to generate employment.