Union Budget 2023-24
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Sector Textiles & Apparel
State Punjab
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Overview

  • Textiles contribute to 21% of the State’s Exports. Major Export Destinations: US, UAE, Bangladesh, UK, China, Pakistan.
  • Leader in manufacturing of -
    • Woolen knitwear (95%)
    • Sports goods (75%)
    • Hosiery manufacturing (65%)
  • First in blended yarn production.
  • Fourth in spinning capacity.
  • Among top 10 cotton producing States
    • International brands manufactured : Zara, H&M, Reebok, GAP, Decathlon, Old Navy.
    • Home to major textile brands: Trident, Vardhman, Nahar, Octave, Signature Blankets.
      • Key textile clusters
        • Ludhiana: Spinning, Knitting & Apparels
        • Amritsar: Home Furnishing & Made ups
        • Jalandhar: Technical Textiles
      • Raw Material for Technical Textiles: Polymers such as PP, LDPE, HDPE - HMEL Refinery, Bathinda.
      • More than 100 PPEs/N95 certified manufacturing units.
      パンジャブ経済

      State Incentives

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      • One-Time Incentives
      • Recurring Incentives
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      Land Cost Rebate
      • Land cost is counted under Fixed Capital Investment for incentives under Punjab's Industrial & Business Development Policy 2017.
      Stamp Duty Exemption
      • 100% exemption or reimbursement on purchase or lease of land and building.
      Exemption from Land Development Charges
      • 100% exemption from Change of Land Use Charges and External Development Charges.
      Other Incentives
      • Upcoming park in Ludhiana and Rajpura
      SGST Reimbursement
      • 100% GST Reimbursement
      • For period upto 15 years
      • Recovery upto 200% of Fixed Capital Investment
      Power Tariff Rebate
      • Electricity (variable tariff) @ $0.07 (INR 5) per unit to all industrial units
      Electricity Duty Rebate
      • 100% exemption upto a period of 15 years
      Exemption from Property Tax
      • Upto 100% exemption for 10 years
      Employment Generation subsidy
      • Upto $481 (INR 36,000) per employee per year upto 5 years.
      • Upto $641 (INR 48,000) per employee per year for Women & SC/BC/OBC upto 5 years.
      • With no domicile restriction 

      Important Links

      Major Players

      • Monte Carlo
      • Trident
      • Vardhman
      • Sportking
      • Nivia
      • Nahar

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