Kompass Brings To Chandigarh Industries an online platform For Expanding Their Business

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Chandigarh, an important union territory of India, is a unique city being the capital of two states of Haryana and Punjab. Since last few years, Chandigarh is showing great prospects for economic growth due to the availability of an educated workforce, government initiatives and developing infrastructure. Chandigarh today has around 2950 small-scale industries and 15 medium and large scale industrial units. 1450 acres of land have been planned for industrial development for the development of pollution free and small scale industries. The state has a number of MSMEs (Micro, Small and Medium Enterprises) and an industry favoring administration and infrastructure.

Market Overview
Chandigarh has a number of light industries. Of these, around 40% are ancillary units that produce for the large and major tractor industry that is located in and around Chandigarh. Other industrial units in the city relate to electrical and electronic items, industrial fasteners, pharmaceuticals, machine tools, plastic goods, sanitary fittings, food products, steel and wooden furniture and more. The software industry is another area that is showing fast growth. These industrial sectors are quite promising and show huge potential for investment and can provide for higher dividends and returns.

A number of items produced in Chandigarh industries are exported to the ready-made markets. The annual output of industries stands at around 650 crores. The administration of the city is focusing on the promotion of industries that have low carbon and pollution imprints and the industries of IT sector. Chandigarh has the best rail, road and air infrastructure that is beneficial for the industries. With developing suburbs like Mohali, Panchkula and Zirakpur, the economical growth of Chandigarh is on a fast track.