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Enterprise and endeavor, these two words symbolize the essential spirit of the people of Punjab. Since Independence, over 5 decades, the state has earned its epithet: "of Granary India" through the enterprising spirit, and untiring toil of its people. Its average growth rate of 10% is amongst the highest in the country, clearly reflecting the progressive economy of the state .Punjab also boasts a 58% literacy rate and the highest percapita income in India. Today's Punjab has become a land of boundless opportunities, offering distinct advantages for investment and industry. Since
the recent liberalization of India's economy, Punjab has started making its mark
on the global business mainstream, with major players from around the world
forming joint ventures in the field of agri-business. Today's Punjab has over 1.97 lakhs of small and medium industries and about 653 large scale industries. It leads in the manufacture of machine and hand tools; printing and paper cutting machinery; auto parts and electrical switch gear. The state also provides more than 75% of the country's requirement for bicycles, sewing machines, hosiery and sports goods. At par with the highest quality standards in the world, these products have carved a niche for themselves in markets across the globe.
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