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Abhishek Industries Ltd (AIL)
Abhishek Industries Ltd was incorporated in 1990 by the
Trident Group. AIL is the second largest manufacturer and
exporter of terry towel in India. It also manufactures
yarn and paper. The company's sales in 2003-04 stood at US$
1 15 million. Over 80 per cent of its revenues were from exports. AIL exports
around 94 per cent of its production to major retailers in
the US (Wal-Mart, J C Penney etc). Its manufacturing
capacity is currently 7,1 19 tonnes per annum, AIL has
been increasing its focus on the high-margin
export-oriented terry towels business. The company is
expanding its production capacity to 20,000 tonnes with an investment of US$ 50 million.
Avon Cycles Ltd
The US$ 66.7 million Avon Cycles is a large bicycle manufacturer based in
Ludhiana. The company produces 1.5 million bicycles per annum at its ten
manufacturing facilities. Recently, Avon increased its production from 5,000 to
8,000 bicycles per day. The company exports 30 per cent of its bicycles. The
company is the largest exporter of bicycle parts from India.
Dell Inc.
The US$ 49.2 billion Dell Inc. recently launched its third customer contact
centre, an 180,000 sq ft centre, at the Quark IT Park in Mohali .The centre has
300 employees approximately, who have received extensive training in Information
Technology and customer-relation skills. The centre is part of a global network
of approximately 50 centres that Dell operates around the world.
Gujarat Ambuja Cement Ltd (GACL)
Gujarat Ambuja Cement Ltd is India's third largest cement
producer with revenues of over US$ 500 million and a total capacity of 12.5
million tonnes. The company is the most profitable cement company in the country and the least cost producer of cement in the world. In 2004,
the company commissioned a capacity of over 14.5 million tonnes per annum at
Ropar in Punjab. This is one of the company's five plants across the country.
GACL is also setting up a 30 MW captive electricity generation plant in Punjab.
Hero Cycles Ltd
Hero Cycles Ltd is part of the US$ 1.8 billion Hero Group, one of the
country's top ten business houses. Hero Cyles is the world's largest producer of
bicycles, manufacturing over 5.6 million units per annum. The company's main
manufacturing unit is located at Ludhiana in Punjab. Hero Cycles recently
expanded its capacity by setting up a US$ 6.7 million plant to manufacture
300,000 bicycles per annum. A further investment of US$ 4.4 million is planned
to enhance the capacity of the Ludhiana plant. Hero Cycles has been rated as a
Superbrand by the Global Superbrands Council. The company also features in the
Guinness Book of World Records as the largest bicycle manufacturer in the world
since 1986.
Hindustan Petroleum Corporation Ltd (HPCL)
Hindustan Petroleum Corporation Ltd is one of India's largest
integrated oil refining and marketing companies. HPCL is setting up a 9 MMTPA
oil refinery at Phulokhari in Bhatinda district through its 100 per cent
subsidiary, Guru Gobind Singh Refinery Ltd.The total investment in the project
is estimated to be over US$ 2 billion and is expected to be operational by 2006.
International Tractors Ltd
International Tractors Ltd is one of the leading producers of
tractors and agricultural machinery in the country. It is a joint venture with
Renault Agriculture, France. The company has a modern and completely computerised
plant at Hoshiarpur in Punjab.
Infosys Technologies Ltd
The US$ 1.1 billion Infosys Technologies Ltd is the country's leading
software services company that provides consulting and IT services to clients
globally. Infosys has over 13,000 employees worldwide and has nine development
centres across the country. Infosys set up its development centre at Mohali in
2001. In 2002, the company signed a Memorandum of Understanding (MoU) with the
Union Territory of Chandigarh Administration to buy 20 acres of land at the
Chandigarh Information Services Park (CISP) to set up a software development
centre in Chandigarh, which is expected to house 2,400 software developers over
the next five years.
JCT
JCT, aThapar Group company, is a leading textile manufacturer in Punjab. It
was the first in the textile industry to receive an ISO 9002 certification and
is the largest manufacturer of blended fabric in the country. JCT Electronics
Ltd is a flagship company of the Thapar Group, which was the first colour picture
tube manufacturer in India. The company has a plant at Mohali, near Chandigarh.
Malwa Group
The Malwa Group is among the top ten textile mills of the Indian
sub-continent producing cotton yarn, acrylic yarn and polyester viscose yarn. An
ISO 9002 company, its total spindelage is around 140,000.The company comprises three milling units, of which two are situated at Barnala
in Punjab. The company exports all types of yarn to countries in Asia, Europe,
Africa and America.
Nahar Group
Established in 1949, the Nahar Group is one of Punjab's leading industrial
houses. The group has a presence in textiles, apparels, soaps, vegetable oils and
sugar. The US$ 450 million company is one of the largest exporters of textiles in
Punjab. Its production facilities have been awarded the ISO 9002/IS 14002
certifications and Okotex Certification.
Nestle India Ltd
Nestle India Ltd is a subsidiary of Nestle SA, Switzerland, which is one of
the world's largest food and beverage companies. In India, Nestle is a leading
company in the FMCG industry with brands like Maggi, Nescafe, Cerelac, Lactogen,
Kit Kat and Polo. The company set up its first factory in 1961 at Moga in Punjab
for manufacturing processed foods. Today, Nestle procures and processes milk
from farmers in Punjab. In India, the company has over 3,000 employees and its
revenues stood at US$ 497 million in 2003.
Pepsi Foods
Pepsi Foods, part of PepsiCo USA, is one of the largest food and beverage
companies in the country. The company has invested US$ 1.5 million to develop a comprehensive
agro-technology programme with the Punjab Agriculture University. This programme
has helped thousands of farmers across India improve the yield and quality of
their agricultural products. PepsiCo and Punjab Agro has also set up a 9,600 sq
ft greenhouse at the Agriculture Research and Development Centre at Jalandhar to
commercialise citrus cultivation in the state.
Punjab Tractors Ltd (PTL)
In 1970, Punjab Tractors Ltd was promoted as the country's
first large scale, totally indigenous project to commercialise
India's first tractor. Today, PTL is a leading manufacturer of tractors, combines and
forklifts. The
company exports its premium products to the USA. In 2003,
as part of the Government of Punjab's divestment process,
majority stake in PTL was sold to UK-based CDC Group Plc.
Quark Inc.
Quark Inc. is a US-based global IT company that creates software related to
communication and resource management. Quark set up its largest software
development centre at Mohali with an investment of US$ 17.8 million in 1998.
Currently, Quark comprises 1,100 IT professionals in the facility and plans to
recruit more software developers.
Ranbaxy
The US$ 1.17 billion Ranbaxy Laboratories Ltd is the country's largest
pharmaceutical company and one of the top ten generic companies worldwide.
Ranbaxy manufactures and markets world-class generics, branded generic
pharmaceuticals and active pharmaceutical ingredients. The company started
operations in 1961 and set up its first bulk drugs and formulation manufacturing
plant at Mohali, in Punjab in 1973.
The manufacturing facility at Mohali is engaged in the production of APIs,
primarily semi-synthetic penicillin, flouroquinolones and bulk
cephalosporins.The company's products are sold in over 100 countries. It has
manufacturing operations in 7 countries and ground presence in 44 countries.
Majority of Ranbaxy's manufacturing facilities are US Food and Drug
Administration (USFDA) approved. Currently, Ranbaxy is investing US$ 100 million
to expand its production capacities in India, Brazil and USA.
Siel
Punjab-based Siel is a leading producer of industrial chemicals, vanaspati
& vegetable oils and sugar. The company has an industrial chemical complex
at Rajpura in Punjab, which includes a chloralkali plant set up with an
investment of over US$ 55 million. Siel has a tie-up with the Government of
Punjab to set up an industrial estate in the state. Siel's subsidiary companies
include Honda Siel Power Products Ltd, Honda Siel Cars India Ltd and Daikin
Industries.
Vardhman Group
The US$ 439 million Vardhman Group is one of the largest textile players in
the state. The group's portfolio includes manufacturing and marketing of yarn,
fabrics, sewing threads, fibre and alloy steel. It is the second largest
producer of sewing thread in the country and contributes 6 per cent to its yarn
exports. The company has announced expansion plans aggregating an investment of
US$ 222 million to increase its production capacity and product quality. The
company exports 40 per cent of its yarn production to more than 25 countries and
has a strong presence in markets like the EEC, USA, Canada, China, Japan, Korea,
Mexico, Brazil, Mauritius, Middle East etc.
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