There is a major agribusiness headquartered in Punjab. The state is home to the world’s largest wheat complex, the largest rice complex, and the world’s largest pomegranate complex. It also has a large dairy industry, specializing in Ghee, a clarified butter. You can find these products in any supermarket in the United States. The agriculture sector includes crops, livestock, and the agricultural industry.
Start an Industry in Punjab, Click Here
Economy overview of Punjab:
While most other states struggle to provide basic amenities to the public, the residents of Punjab in India enjoy the highest levels of basic infrastructure and public services. In addition to being home to India’s largest economy, Punjab is the country’s highest per capita income as well.
It is also the only Indian state to have a budget surplus in each of the last three years. All of this has created an environment in which the people of Punjab can enjoy a high standard of living.
Why choose to invest in an Agro-Food Business in Punjab?
- Punjab an important food-producing state, known by “Food Bowl of India”.
- Punjab produces 33% of the country’s food. It has the second most irrigated land in the world.
- Punjab is infamous worldwide for producing the largest amounts of wheat in India.
It produces 33% of total wheat production, which makes it one of the largest food-producing states in the country. This has also made Punjab one of the largest sources of food for the country.
Food Processing Initiatives in Punjab:
- Agribusiness promotion facility – The Government of India has decided to set up an Agri-Business Promotion Facility (ABPF) in Punjab to strengthen the state’s position as a global leader in agri-tech and agri-business space. The facility will provide a platform for incubation, acceleration, and venture funding for agri-tech and agri-business ventures. It will also facilitate interaction and networking opportunities between investors, entrepreneurs, scientists, and researchers from across the country and abroad. The facility is aimed to be set up in the state’s Department of Agriculture and Food.
Related Feasibility Study Reports: Food Processing and Agriculture Based Projects, Snack Food, Frozen Food, Agro Processing Technology, Processed Food, Instant Food, Food Industry, Food Preservation, Canned Food, Packed Food, Ready to Eat Food, Cereal Food, Pickle, Spices, Grain Milling
- Farm Producers Organization – One special provision has been made for farmers in Punjab. The FPO provides a means to buy seeds and produce directly from farmers which is a big change in the way the farmers buy their products in the open market. This is a useful provision for farmers as it allows them to buy their produce at the best price they can, without the middlemen who charge them exorbitant prices in the open market. It also gives farmers access to a larger range of seeds than they can access in the open market, thereby helping them to improve their yields.
- 0% change in land use fee and 0% external development fee – The Punjab Government has announced that 100% of the development in the province will be exempt from Change of Land Use Charges and External Development Charges. This means that no additional cost will be imposed on developers to build new developments in the province, which will make it easier to build new infrastructure and provide better services to residents.
Read Similar Articles: Food Processing and Agriculture Projects
The Raw Material Hub of Punjab
- This is the biggest milk-producing state, and most of the milk is produced from its teats. Punjab is the country’s largest economy, with a per capita income higher than that of the UK, Japan, or Germany.
- Punjab is the first state in terms of yield and second in terms of production of wheat and rice.
- Punjab is second only to mandarin orange production in Kinnow, the state’s main citrus variety.
- It stands third in the position for honey production in the country.
We at NPCS want to grow with you by providing solutions scale to suit your new operations and help you reduce risk and give a high return on application investments. A large number of our Indian and NRI Clients have appreciated our expertise for excellence which speaks volumes about our commitment and dedication to every client’s success. Our systematic and integrated approach leverages existing systems to make the right information accessible at the right time and enable better decision-making.
See More Links:
- Start a Business in Asia
- Start a Business in Potential Countries for Doing Business
- Best Industry for Doing Business
- Business Ideas with Low, Medium & High Investment
- Looking for Most Demandable Business Ideas for Startups
- Startup Consulting Services
- Start a Business in Africa
- Start a Business in India
- Start a Business in Middle East
- Related Videos
- Related Books
- Related Projects
- Related Market Research Reports
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬
NIIR PROJECT CONSULTANCY SERVICES, DELHI
An ISO 9001:2015 Company
ENTREPRENEUR INDIA
106-E, Kamla Nagar, Opp. Mall ST,
New Delhi-110007, India.
Email: npcs.ei@gmail.com
Tel: +91-11-23843955, 23845654, 23845886
Mobile: +91-9097075054, 8800733955
Website: https://www.entrepreneurindia.co
PM_20Art21