The “granary of India”, Punjab, has the largest agricultural area under irrigation in India. The states highly fertile grounds result in the production of rice, cotton, sugarcane, pearl millet, maize, barley and fruit. The largest cultivated crop here is wheat. The confluence of five rivers makes Punjab’s agricultural land rich and productive. Approximately 82% of the state’s land is under cultivation compared with the national average of 40%.
Punjab’s road, rail and air transport network, connectivity, construction of bridges and infrastructure facilities are rated among the best. As of February 2019, Punjab had a total installed power generation capacity of 13,432.44 MW. Foreign Direct Investment will facilitate research and promote new technology. This can efficiently resolve the stress points of plaguing Punjab’s agriculture sector.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows to Punjab between April 2000–March 2019 amounted to US$ 2.09 billion and US$ 60 million in Q1FY20.
The state’s GSDP (in Rs) increased at a Compound Annual Growth Rate of 9.97 per cent between 2011-12 and 2018-19 reaching Rs 5.18 lakh crore (US$ 71.84 billion).
The government has made various efforts in assisting deserving investments for the food processing industry. Basmati rice exports from Punjab reached USD $991.14 mn in FY18 and USD $597.22 mn between Apr-Dec 2018. Agriculture and allied sectors account for approximately 21% of Punjab’s GSDP against an all India average of 14%.
Ludhiana is often referred to as the ‘Manchester of India. In FY19, Punjab exported cotton yarn worth USD $510.65 mn and Ready Made Garments (Manmade Fibres) worth USD $105.39 mn. The state accounts for 95% of India’s woollen knitwear production, 85% India’s sewing machines production and 75% of India’s sports goods production.
With a rich industrial base of MSME units, the state accounts for 92% of India’s production of bicycle parts and 75% of bicycle production in India.
It was ranked #1 amongst all Indian states for progress in solar energy in World Bank in 2015. The state plans on generating an estimated potential of 5400 MW of renewable energy through renewable resources by 2022.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
Indian Healthcare Sector Attracts Over USD 12 Billion in FDI: PM Modi
PM Modi pushes for Aatmanirbharta vision at CII Annual Meeting 2021
India must be aware of new FDI - Foreign Destructive Ideology. Says PM Modi.
FDI equity inflows into India cross $500 billion milestone
FDI India Media Coverages