Obtaining approvals
An indicative list of approvals with timeframe for setting up business in
Punjab
|
Department |
Agency |
Timelines |
|
Environment |
|
-
Site/environment clearance: 60 days
-
No Objection Certificate
(NOC) for green category: 15-30 days
-
NOC for red category: 30 - 45 days
-
Renewal of consent: 90
days
|
|
Industries |
|
|
|
Incentives |
|
|
|
Electricity |
|
-
Loads up to 20 Kilo Watt (KW): 3 months
-
Loads up to 100 KW: 4 months
-
Loads above 500 KW: 8 months
|
|
Revenue |
|
|
|
PSIDC/ PFC |
|
|
Source:
PwC research
Cost of setting up business
An indicative table on cost of setting up business in Punjab
|
Indicator |
Value (in US$) |
|
Industrial land (per sq mt) |
Mohali - 35.42
Ludhiana - 17.71
Amritsar - 11.10 |
|
Office space rent (per sq foot per month) |
.17-.32 |
|
Residential rent (for a 2,000 sq mt house, per month) |
287 - 478.72 |
|
5-star hotel room (per night) |
57.45 - 80.43 |
|
Electricity (per kWh) |
.086 |
|
Water (per 1000 litres) |
Commercial & Industrial: 0.14 |
Source: PwC research
Note: Exchange rate used is INR 47 per US$
Contact for information
State Government Website
www.punjabgovt.nic.in/
Punjab State Industrial Development Corporation (PSIDC)
Punjab State Industrial Development Corporation is the nodal agency to speed
up industrialisation and promote and nurture the growth of the organised
industrial sector. The main functions of PSIDC include:
-
Provision of industrial infrastructure
in the state
-
Promotion
of industrial and infrastructure projects through equity participation
-
Providing financial assistance for private projects
-
Providing escort services to private investors
PSIDC is also the holding company for various state public
sector enterprises such as Punjab Alkalies and Chemicals, Punjab Chemicals and
Fertilisers etc.
Punjab State Industrial Development Corporation
18 Himalya Marg, Udyog Bhawan
Sector 17
Chandigarh 160017
Tel: +91 172 2704040
Fax: +91 172 2714908
Web: www.punjabgovt.nic.in/Industry/ind552.htm
Confederation
of Indian Industry (CII)
Information on markets and
opportunities for investment in Punjab can also be obtained from Confederation
of Indian Industry which works with the objective of creating a symbiotic
interface between industry and government.
Confederation of Indian Industry Northern Region
Block No 3, Dakshin Marg
Sector 3 1 A
Chandigarh 160 030
Tel: +91 172 2602365
Fax: +91 172 2606259
Email: ciinr@ciionline.org
|
